Shell Innovation Summit Puts Collaboration In The Spotlight

         Shell Innovation Summit Puts Collaboration In The Spotlight

PR Newswire

HOUSTON, Jan. 9, 2013

HOUSTON, Jan. 9, 2013 /PRNewswire/ --Shell launched today a two-day
Innovation Summit at the recently expanded Shell Technology Center in Houston.
The event brings Shell business and technology leaders together with
cross-sector experts to explore how collaboration, particularly among unusual
partners, can generate innovative thinking and new ideas on complex societal
issues, such as the increasing stress among food, water and energy.


"Shell has spent over a billion dollars a year on researching and developing
new technologies – more than any of our peers. This investment in innovation
and a consistent commitment to collaboration are essential to spark new ideas
and develop solutions to today's and tomorrow's challenges," said Matthias
Bichsel, director of Projects & Technology at Royal Dutch Shell. "They are the
keys to delivering much needed energy in a more sustainable way for a rapidly
growing global population and ensuring improved living standards for millions
of people now and in the future."

The Innovation Summit also is serving as the rededication of Shell Technology
Center Houston, following extensive remodeling and expansion. Following its
rededication, Shell Technology Center Houston will be the largest of Shell's
three global technology hubs alongside Amsterdam in The Netherlands and
Bangalore in India.

The Innovation Summit features an interactive exhibit hall and two days of
speakers and panelists focused on the value of innovation, technology and
collaboration, such as Shell's work with NASA and The University of Texas MD
Anderson Cancer Center.

"Our collaborative work with organizations, such as X PRIZE Foundation, MD
Anderson and NASA, and other technical partnerships, such as Scuderia Ferrari,
Penske Racing and Hendricks Motorsports, will continue to provide the
ingredients of potential breakthroughs for energy, fuels and engine oil, space
exploration, and even public health," said Marvin Odum, President of Shell Oil
Company and Director of Upstream of Royal Dutch Shell's subsidiary companies
in the Americas.

Other sessions explore the future of energy, including technologies, tight
gas, nanotechnology, high performance computing, and mobility including

"Real innovation relies on co-creation, collaborative problem-solving and
cultivating next-generation ideas from within and outside our company to
pioneer unique solutions," said Gerald Schotman, chief technology officer and
executive vice president, Innovation Research & Development at Royal Dutch
Shell. "Advanced technologies continue to generate new energy sources,
increase efficiency, and address and responsibly manage environmental

The Shell GameChanger team has facilitated a series of 'speedmatching' events
for numerous organizations, including NASA and MD Anderson. In these sessions,
Shell scientists interacted with their peers to identify opportunities for
cooperation and collaboration. As a result, NASA and Shell have launched
several projects and are developing further opportunities.

Since 1936 and 1975, respectively, the former Bellaire and Westhollow
technology centers that now make up Shell Technology Center Houston have been
active in research and development in key onshore and offshore upstream, and
downstream refining and chemical products technologies, working on advances in
unconventional and deepwater technologies and downstream processes, chemistry
and new fuel sources. The integrated center is designed to leverage combined
skills and capacity to benefit the entire value chain.

Shell Technology Center Houston, along with technology hubs in Bangalore
(India) and Amsterdam (The Netherlands), is a key part of Shell's global
network of technology centers and which are connected to Shell's global
businesses, customers and partners. Locations of other Shell research,
development and testing facilities currently include Canada, Germany, The
Netherlands, Qatar, Norway, the Sultanate of Oman and the UK. A new technical
center for lubricants technology is planned for China.

The full agenda for the Summit can be found here.

Cautionary Note
The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this press release "Shell", "Shell
group" and "Royal Dutch Shell" are sometimes used for convenience where
references are made to Royal Dutch Shell plc and its subsidiaries in general.
Likewise, the words "we", "us" and "our" are also used to refer to
subsidiaries in general or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the particular
company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this press release refer to companies in which Royal
Dutch Shell either directly or indirectly has control, by having either a
majority of the voting rights or the right to exercise a controlling
influence. The companies in which Shell has significant influence but not
control are referred to as "associated companies" or "associates" and
companies in which Shell has joint control are referred to as "jointly
controlled entities". In this press release, associates and jointly controlled
entities are also referred to as "equity-accounted investments". The term
"Shell interest" is used for convenience to indicate the direct and/or
indirect (for example, through our 23% shareholding in Woodside Petroleum
Ltd.) ownership interest held by Shell in a venture, partnership or company,
after exclusion of all third-party interest.

This press release contains forward-looking statements concerning the
financial condition, results of operations and businesses of Royal Dutch
Shell. All statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's current
expectations and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in these statements.
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''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
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There are a number of factors that could affect the future operations of Royal
Dutch Shell and could cause those results to differ materially from those
expressed in the forward-looking statements included in this press release,
including (without limitation): (a) price fluctuations in crude oil and
natural gas; (b) changes in demand for Shell's products; (c) currency
fluctuations; (d) drilling and production results; (e) reserves estimates; (f)
loss of market share and industry competition; (g) environmental and physical
risks; (h) risks associated with the identification of suitable potential
acquisition properties and targets, and successful negotiation and completion
of such transactions; (i) the risk of doing business in developing countries
and countries subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing climate
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regions; (l) political risks, including the risks of expropriation and
renegotiation of the terms of contracts with governmental entities, delays or
advancements in the approval of projects and delays in the reimbursement for
shared costs; and (m) changes in trading conditions. All forward-looking
statements contained in this press release are expressly qualified in their
entirety by the cautionary statements contained or referred to in this
section. Readers should not place undue reliance on forward-looking
statements. Additional factors that may affect future results are contained in
Royal Dutch Shell's 20-F for the year ended December 31, 2011 (available These factors also should be
considered by the reader. Each forward-looking statement speaks only as of
the date of this press release, January 9, 2013. Neither Royal Dutch Shell nor
any of its subsidiaries undertake any obligation to publicly update or revise
any forward-looking statement as a result of new information, future events or
other information. In light of these risks, results could differ materially
from those stated, implied or inferred from the forward-looking statements
contained in this press release.

We may have used certain terms, such as resources, in this press release that
United States Securities and Exchange Commission (SEC) strictly prohibits us
from including in our filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 20-F, File No 1-32575, available
on the SEC website You can also obtain these forms from the SEC
by calling 1-800-SEC-0330.

SOURCE Shell Oil Company

Contact: Shell US Media Line, +1-713-241-4544
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