ROYAL DUTCH SHELL PLC: 1st Quarter 2013 Unaudited Results

ROYAL DUTCH SHELL PLC                                                           
                                                                           
1ST QUARTER 2013 UNAUDITED RESULTS                                              


                                                                               
                                                                               
                                                                               

  * Royal Dutch Shell's first quarter 2013 earnings, on a current cost of
    supplies (CCS) basis (see Note 1), were $8.0 billion compared with $7.7
    billion for the first quarter 2012.

  * First quarter 2013 CCS earnings excluding identified items (see page 6)
    were $7.5 billion compared with $7.3 billion for the first quarter 2012, an
    increase of 3%.

  * Basic CCS earnings per share excluding identified items for the first
    quarter 2013 increased by 2% versus the same quarter a year ago.

  * Cash flow from operating activities for the first quarter 2013 was $11.6
    billion. Excluding working capital movements, cash flow from operating
    activities for the first quarter 2013 was $11.5 billion.

  * Capital investment for the first quarter 2013 was $8.8 billion. Net capital
    investment (see Note 1) for the quarter was $8.2 billion.

  * Total dividends distributed in the quarter were some $2.7 billion, of which
    $0.8 billion were settled under the Scrip Dividend Programme. During the
    first quarter some 16.1 million shares were bought back for cancellation
    for a consideration of some $0.5 billion.

  * Gearing at the end of the first quarter 2013 was 9.1%.

  * A first quarter 2013 dividend has been announced of $0.45 per ordinary
    share and $0.90 per American Depositary Share ("ADS"), an increase of 5%
    compared with the first quarter 2012.

  * Comparative information in this Report has been restated following the
    adoption of revised IAS 19 Employee Benefits on January 1, 2013, with
    retrospective effect (see Note 2). Comparative information was not restated
    for other accounting policy changes (see Note 1) for which the impacts are
    not significant, including the adoption of IFRS 11 Joint Arrangements on
    January 1, 2013, which results in certain previously equity-accounted
    entities now in effect being proportionately consolidated.

SUMMARY OF UNAUDITED RESULTS                                                   


                                                                           
$ million                                    Quarters                           


                                                                               
                                             Q1 2013   Q4 20121  Q1 20121  %2  


                                                                           
Income attributable to shareholders          8,176     6,728     8,737     -6   
                                                                           
Current cost of supplies (CCS) adjustment                                      
for Downstream                               (225)     623       (1,060)        
                                                                           
CCS earnings                                 7,951     7,351     7,677     +4   
                                                                           
Less: Identified items3                      431       1,712     380            
                                                                           
CCS earnings excluding identified items      7,520     5,639     7,297     +3   
                                                                           
 Of which:                                                                      
                                                                           
  Upstream                                   5,648     4,401     6,270          
                                                                           
  Downstream                                 1,848     1,190     1,122          
                                                                           
  Corporate and Non-controlling interest     24        48        (95)           
                                                                           
Cash flow from operating activities          11,559    9,913     13,439    -14  
                                                                           
Basic CCS earnings per share ($)             1.26      1.17      1.23      +2   
                                                                           
Basic CCS earnings per ADS ($)               2.52      2.34      2.46           
                                                                           
Basic CCS earnings per share excl.                                             
identified items ($)                         1.19      0.90      1.17      +2   
                                                                           
Basic CCS earnings per ADS excl. identified                                    
items ($)                                    2.38      1.80      2.34           
                                                                           
Dividend per share ($)                       0.45      0.43      0.43      +5   
                                                                           
Dividend per ADS ($)                         0.90      0.86      0.86           
                                                                           
1 Restated for accounting policy change (see Note 2)                            
                                                                           
2 Q1 on Q1 change                                                               
                                                                           
3 See page 6                                                                    
                                                                            
Royal Dutch Shell Chief Executive Officer Peter Voser commented:                
                                                                           
 "Our industry continues to see significant energy price volatility as a result
of economic and political developments. Oil prices have fallen recently but    
Shell is implementing a long-term, competitive and innovative strategy against 
this volatile backdrop."                                                        
                                                                           
"Shell's underlying CCS earnings were $7.5 billion for the quarter, a 2%       
increase in CCS earnings per share from the first quarter of 2012. These       
results were underpinned by Shell's growth projects, an improvement in         
downstream profitability, and were delivered despite a difficult security      
environment in Nigeria."                                                        
                                                                           
"Our profits pay for Shell's dividends and investment in new projects to ensure
affordable and reliable energy supplies for our customers, and to add value for
our shareholders."                                                              
                                                                           
"Shell is investing for profitable growth, whilst maintaining strong capital   
discipline. We are developing some 30 new projects and maturing a series of    
further opportunities for investment. So far this year, we've seen the growth  
impact of recent start ups and we took four final investment decisions in      
petrochemicals, deepwater, and LNG."                                            
                                                                           
"We continue to take a dynamic approach to portfolio" continued Voser. "Asset  
sales - $0.6 billion in the first quarter and over $21 billion in the last     
three years - improve our capital efficiency and can bring in strategic        
partners. We use selective acquisitions to refresh our opportunity set."        
                                                                           
Voser commented "We distributed $11 billion of dividends over the last year,   
the highest in our industry, and today we confirm a 5% rise in our dividend to 
$0.45 per share."                                                               
                                                                           
He concluded "Dividends are Shell's main route for returning cash to           
shareholders. Our improving cash flow also enables us to accelerate our share  
buyback programme, this year so far we have repurchased some $1.2 billion of   
shares by the end of April. In the current environment we would expect to more 
than offset the scrip dividend issue this year, and we are determined to       
implement the policy to offset dilution over the business cycle. This          
underlines our commitment to shareholder returns."                              
                                                                            
FIRST QUARTER 2013 PORTFOLIO DEVELOPMENTS 
Upstream 
In Canada, the first debottlenecking project for the Athabasca Oil Sands
Project (Shell interest 60%) was completed. The project is expected to add some
10 thousand barrels per day ("b/d") of capacity. 
In Nigeria, Shell took the final investment decision for the development of the
deep-water project Erha North Phase 2 (Shell interest 44%), part of oil mining
lease 133, located over 100 kilometres off the Nigerian coast. The project is
expected to produce some 60 thousand barrels of oil equivalent per day ("boe/
d") of mainly oil at peak production and improve utilisation of the existing
Erha floating production, storage and offloading ("FPSO") vessel. 
In Oman, the Amal Steam enhanced oil recovery project (Shell interest 34%) was
brought on stream. The project is expected to ramp up over a number of years
and produce some 20 thousand b/d of oil at peak production. 
Shell entered into an agreement to acquire part of Repsol S.A.'s LNG portfolio
outside of North America, including supply positions in Peru and Trinidad &
Tobago, for a cash consideration of $4.4 billion. Under the terms of the
agreement, Shell will assume finance lease obligations of the businesses
acquired, predominantly reflecting leases for LNG ship charters, provisionally
estimated at $1.8 billion. The acquisition is expected to add some 7.2 million
tonnes per annum ("mtpa") of LNG volumes through long-term offtake agreements,
including 4.2 mtpa of equity LNG plant capacity. The transaction, which has an
effective date of October 1, 2012, is expected to close in the second half of
2013 or early 2014, subject to regulatory approvals and other conditions
precedent. 
In the United Kingdom, Shell completed the acquisition of an additional 5.9%
interest in the offshore Schiehallion field, increasing Shell's interest to
55%. Shell also completed the acquisition of additional interests in the Beryl
area fields and SAGE infrastructure, lifting Shell's production in the Beryl
area fields from 9 thousand boe/d to 20 thousand boe/d. Further investment in
Schiehallion and Beryl is expected to extend the production life of the fields. 
In the United States, Shell and Kinder Morgan affiliates announced their intent
to form a company to develop a natural gas liquefaction plant in two phases at
the existing Elba Island LNG terminal to export LNG. The total project is
expected to have a liquefaction capacity of approximately 2.5 mtpa. Shell will
own 49% of the entity and subscribe to 100% of the liquefaction capacity. The
agreement is subject to corporate and regulatory approvals. 
In North America, Shell took the final investment decision for two 0.25 mtpa
natural gas liquefaction units (Shell interest 100%) in Louisiana, United
States and Ontario, Canada. These units will form the basis of two new LNG
transport corridors in the Gulf Coast and Great Lakes regions, fuelling marine
vessels and heavy-duty trucking fleets. 
Upstream divestment proceeds totalled some $0.4 billion for the first quarter
2013 and included proceeds from the divestment of a 5% interest in the Prelude
floating LNG project to CPC Corporation as announced in 2012, reducing Shell's
interest in the project to 67.5%. 
During the first quarter 2013, Shell participated in the Kentish Knock South-1
gas discovery (Shell interest 50%) offshore Western Australia. As part of its
global exploration programme Shell added new acreage positions during the first
quarter 2013, including liquids-rich acreage positions in Canada, offshore
positions in Norway and the United Kingdom North Sea, along with successful
bidding results in the Gulf of Mexico, United States. Shell also signed a
production sharing contract ("PSC") for tight gas in the Yuzivska area in the
Ukraine and, in China, Shell received government approval for the tight gas PSC
for the Fushun-Yongchuan block in the Sichuan basin. 
Downstream 
In Singapore, Shell announced the final investment decisions for additional
capacity at its Jurong Island petrochemicals facility. The investments (Shell
interest 100%) are expected to add 140 thousand tonnes per annum ("tpa") of
high-purity ethylene oxide capacity, 140 thousand tpa of ethoxylation capacity
and more than 100 thousand tpa of polyols capacity. 
Downstream divestment proceeds totalled some $0.1 billion for the first quarter
2013 and included proceeds from the divestment of Shell's interest in a
pipeline business in the United States, Shell's LPG business in Vietnam and the
majority of Shell's shareholding in its downstream business in Uganda. 
In April, Shell announced that its 120 thousand b/d Geelong refinery in 
Australia is for sale and that it is considering the sale of selected
downstream marketing businesses in Italy. 
Also in April, Shell finalised an agreement with TravelCenters of America in
the United States to develop a nationwide network of LNG fuelling centres for
heavy-duty road transport customers at up to 100 existing sites. 
KEY FEATURES OF THE FIRST QUARTER 2013 
* First quarter 2013 CCS earnings (see Note 1) were $7,951 million, 4% higher 


    than for the same quarter a year ago.

  * First quarter 2013 CCS earnings excluding identified items (see page 6)
    were $7,520 million compared with $7,297 million for the first quarter
    2012, an increase of 3%.

  * Basic CCS earnings per share increased by 2% versus the same quarter a year
    ago.

  * Basic CCS earnings per share excluding identified items increased by 2%
    compared with the first quarter 2012.

  * Cash flow from operating activities for the first quarter 2013 was $11.6
    billion, compared with $13.4 billion in the same quarter last year.
    Excluding working capital movements, cash flow from operating activities
    for the first quarter 2013 was $11.5 billion, compared with $12.7 billion
    in the same quarter last year.

  * Net capital investment (see Note 1) for the first quarter 2013 was $8.2
    billion. Capital investment for the first quarter 2013 was $8.8 billion and
    divestment proceeds were $0.6 billion.

  * Total dividends distributed in the first quarter 2013 were some $2.7
    billion of which $0.8 billion were settled by issuing some 25.6 million A
    shares under the Scrip Dividend Programme for the fourth quarter 2012.

  * Under our share buyback programme some 16.1 million B shares were bought
    back for cancellation during the first quarter 2013 for a consideration of
    some $0.5 billion.

  * Return on average capital employed (see Note 9) on a reported income basis
    was 13.0% at the end of the first quarter 2013.

  * Gearing was 9.1% at the end of the first quarter 2013 versus 10.5% at the
    end of the first quarter 2012 (see Note 2).

  * Oil and gas production for the first quarter 2013 was 3,559 thousand boe/d.
    Excluding the impact of divestments, PSC price effects and security impacts
    onshore Nigeria, first quarter 2013 production was 2% higher than in the
    same period last year.

  * Equity LNG sales volumes of 5.15 million tonnes for the first quarter 2013
    were broadly similar to the same quarter a year ago.

  * Oil products sales volumes were 1% higher than for the first quarter 2012.
    Chemicals sales volumes for the first quarter 2013 decreased by 11%
    compared with the same quarter a year ago.

  * Supplementary financial and operational disclosure for the first quarter
    2013 is available at www.shell.com/investor .

SUMMARY OF IDENTIFIED ITEMS

Earnings for the first quarter 2013 reflected the following items, which in
aggregate amounted to a net gain of $431 million (compared with a net gain of
$380 million in the first quarter 2012), as summarised in the table below:

  * Upstream earnings included a net gain of $173 million, mainly reflecting
    the revaluation of a deferred tax asset of $199 million and net divestment
    gains of $107 million, both predominantly related to Australia, partly
    offset by the net impact of fair value accounting of commodity derivatives
    and certain gas contracts of $103 million. Earnings for the first quarter
    2012 included a net gain of $453 million.

  * Downstream earnings included a net charge of $160 million, mainly
    reflecting impairments of $155 million, predominantly in Australia, and the
    net impact of fair value accounting of commodity derivatives of $30
    million, partly offset by net divestment gains of $24 million. Earnings for
    the first quarter 2012 included a net gain of $198 million.

  * Corporate and Non-controlling interest earnings included a net gain of $418
    million, mainly reflecting a tax credit of $407 million related to prior
    years. Earnings for the first quarter 2012 included a net charge of $271
    million.

SUMMARY OF IDENTIFIED ITEMS                                                    


                                                                           
$ million                                          Quarters                     


                                                                               
                                                   Q1 2013  Q4 2012    Q1 2012 


                                                                           
Segment earnings impact of identified items:                                    
                                                                           
 Upstream                                          173      1,801      453      
                                                                           
 Downstream                                        (160)    (89)       198      
                                                                           
 Corporate and Non-controlling interest            418      -          (271)    
                                                                           
Earnings impact                                    431      1,712      380      
                                                                            
These identified items are shown to provide additional insight into segment
earnings and income attributable to shareholders. From the first quarter 2013
onwards, identified items include the full impact on Shell's CCS earnings of
the following items: 
* Divestment gains and losses 
* Impairments 
* Fair value accounting of commodity derivatives and certain gas contracts 
(see Note 8) 
* Redundancy and restructuring 
Further items may be identified in addition to the above. Prior period
comparatives have not been restated. 
EARNINGS BY BUSINESS SEGMENT 
UPSTREAM                                                                        
                                                                           
$ million                                     Quarters                          


                                                                               
                                              Q1 2013  Q4 2012  Q1 2012  %2    


                                                                           
Upstream earnings excluding identified items1 5,648    4,401    6,270    -10    
                                                                           
Upstream earnings1                            5,821    6,202    6,723    -13    
                                                                           
Upstream cash flow from operating activities  9,705    6,165    8,788    +10    
                                                                           
Upstream net capital investment               7,370    9,323    3,772    +95    
                                                                           
Liquids production available for sale                                          
(thousand b/d)                                1,640    1,640    1,682    -2     
                                                                           
Natural gas production available for sale                                      
(million scf/d)                               11,132   10,288   10,844   +3     
                                                                           
Total production available for sale (thousand                                  
boe/d)                                        3,559    3,414    3,552    -      
                                                                           
Equity LNG sales volumes (million tonnes)     5.15     5.49     5.17     -      
                                                                           
1  Fourth quarter 2012 and first quarter 2012 comparatives restated for        
accounting policy change (see Note 2).                                          
                                                                           
2  Q1 on Q1 change                                                              
                                                                            
First quarter Upstream earnings excluding identified items were $5,648 million
compared with $6,270 million a year ago. Identified items were a net gain of
$173 million, compared with a net gain of $453 million for the first quarter
2012 (see page 6). 
Compared with the first quarter 2012, Upstream earnings excluding identified
items benefited from the ramp-up of Pearl GTL, increased trading contributions,
higher gas realisations and tax credits. These items were more than offset by
lower liquids realisations, higher depreciation, increased operating and
exploration expenses, as well as lower earnings from LNG ventures. 
Global liquids realisations were 7% lower than for the first quarter 2012. In
Canada, synthetic crude oil realisations were 8% lower than for the same period
last year. Global natural gas realisations were 8% higher than for the same
quarter a year ago, with a 19% increase in the Americas and a 6% increase
outside the Americas. 
First quarter 2013 production was 3,559 thousand boe/d compared with 3,552
thousand boe/d a year ago. Liquids production decreased by 2% and natural gas
production increased by 3% compared with the first quarter 2012. Excluding the
impact of divestments, PSC price effects and security impacts onshore Nigeria,
first quarter 2013 production was 2% higher than for the same period last year. 
New field start-ups and the continuing ramp-up of fields, in particular Pearl
GTL in Qatar, Eagle Ford in the United States and Pluto LNG in Australia,
contributed some 175 thousand boe/d to production for the first quarter 2013,
which more than offset the impact of field declines. 
Equity LNG sales volumes of 5.15 million tonnes were broadly similar compared
with the same quarter a year ago, reflecting the contribution from Pluto LNG,
which was offset by lower volumes from Nigeria LNG due to reduced feedgas
supply. 
DOWNSTREAM                                                                      
                                                                           
$ million                                     Quarters                          


                                                                               
                                              Q1 2013  Q4 2012  Q1 2012  %2    


                                                                           
Downstream CCS earnings excluding identified                                   
items1                                        1,848    1,190    1,122    +65    
                                                                           
Downstream CCS earnings1                      1,688    1,101    1,320    +28    
                                                                           
Downstream cash flow from operating                                            
activities                                    365      4,303    3,208    -89    
                                                                           
Downstream net capital investment             820      1,471    786      +4     
                                                                           
Refinery processing intake (thousand b/d)     2,890    2,804    2,782    +4     
                                                                           
Oil products sales volumes (thousand b/d)     6,004    6,367    5,960    +1     
                                                                           
Chemicals sales volumes (thousand tonnes)     4,143    4,620    4,679    -11    
                                                                           
1  Fourth quarter 2012 and first quarter 2012 comparatives restated for        
accounting policy change (see Note 2).                                          
                                                                           
2  Q1 on Q1 change                                                              
                                                                            
First quarter Downstream earnings excluding identified items were $1,848
million compared with $1,122 million for the first quarter 2012. Identified
items were a net charge of $160 million, compared with a net gain of $198
million for the first quarter 2012 (see page 6). 
Compared with the first quarter 2012, Downstream earnings excluding identified
items benefited from higher realised refining margins, reflecting the industry
environment and Shell's operating performance, as well as increased
contributions from trading and marketing. Chemicals earnings were higher as a
result of improved realised margins. Adverse currency exchange rate effects,
increased depreciation and higher taxation impacted Downstream earnings. 
Oil products sales volumes increased by 1% compared with the same period a year
ago, as a result of higher trading volumes and an accounting policy change (see
Note 1b), partly offset by lower marketing volumes. 
Chemicals sales volumes decreased by 11% compared with the same quarter last
year, mainly as a result of anaccounting policy change (see Note 1b) and lower
trading volumes. Chemicals manufacturing plant availability decreased to 92%
from 94% for the first quarter 2012, as a result of higher planned maintenance. 
Refinery intake volumes were 4% higher compared with the same quarter last
year, mainly as a result of an accounting policy change (see Note 1b). Refinery
availability decreased to 91% from 94% for the first quarter 2012, as a result
of higher planned maintenance. 
CORPORATE AND NON-CONTROLLING INTEREST                                         
                                                                          
$ million                                           Quarters                   


                                                                              
                                                    Q1 2013  Q4 2012  Q1 2012 


                                                                          
Corporate and Non-controlling interest excluding                              
identified items1                                   24       48       (95)     
                                                                          
Of which:                                                                      
                                                                          
  Corporate1                                        88       82       (30)     
                                                                          
  Non-controlling interest                          (64)     (34)     (65)     
                                                                          
Corporate and Non-controlling interest1             442      48       (366)    
                                                                          
1 Fourth quarter 2012 and first quarter 2012 comparatives restated for        
accounting policy change (see Note 2).                                         
                                                                           
First quarter Corporate results and Non-controlling interest excluding
identified items were $24 million, compared with a loss of $95 million in the
same period last year. Identified items for the first quarter of 2013 were a
net gain of $418 million, compared with a net charge of $271 million for the
first quarter of 2012 (see page 6). 
Compared with the first quarter of 2012, Corporate results excluding identified
items reflected lower net interest expense and higher tax credits. In the first
quarter 2013, adverse currency exchange rate effects impacted earnings by $20
million, compared with favourable currency exchange rate effects of $185
million in the same period last year. 
FORTHCOMING EVENTS 
Second quarter 2013 results and second quarter 2013 dividend are scheduled to
be announced on August 1, 2013. Third quarter 2013 results and third quarter
2013 dividend are scheduled to be announced on October 31, 2013. The Annual
General Meeting will be held on May 21, 2013. 
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 
CONSOLIDATED STATEMENT OF INCOME                                                
                                                                           
$ million                                      Quarters                         


                                                                               
                                               Q1 2013  Q4 2012   Q1 2012      
                                                                               
                                                        Restated1 Restated1 %2 


                                                                           
Revenue                                        112,810  118,047   119,920       
                                                                           
Share of profit of equity-accounted                                            
investments                                    2,303    2,127     2,940         
                                                                           
Interest and other income                      401      2,437     914           
                                                                           
Total revenue and other income                 115,514  122,611   123,774       
                                                                           
Purchases                                      86,603   93,350    94,069        
                                                                           
Production and manufacturing expenses          6,458    7,319     6,038         
                                                                           
Selling, distribution and administrative                                       
expenses                                       3,587    3,698     3,659         
                                                                           
Research and development                       294      416       294           
                                                                           
Exploration                                    648      1,167     362           
                                                                           
Depreciation, depletion and amortisation       4,225    3,835     3,402         
                                                                           
Interest expense                               401      379       552           
                                                                           
Income before taxation                         13,298   12,447    15,398    -14 
                                                                           
Taxation                                       5,072    5,691     6,546         
                                                                           
Income for the period                          8,226    6,756     8,852     -7  
                                                                           
Income attributable to non-controlling                                         
interest                                       50       28        115           
                                                                           
Income attributable to Royal Dutch Shell plc                                   
shareholders                                   8,176    6,728     8,737     -6  
                                                                           
  1 Restated for accounting policy change (see Note 2).                         
                                                                           
  2 Q1 on Q1 change.                                                            
                                                                            
EARNINGS PER SHARE                                                              
                                                                           
$                                              Quarters                         


                                                                               
                                               Q1 2013    Q4 2012    Q1 2012   
                                                                               
                                                          Restated1  Restated1 


                                                                           
Basic earnings per share                       1.30       1.07       1.40       
                                                                           
Diluted earnings per share                     1.29       1.07       1.40       
                                                                           
1 Restated for accounting policy change (see Note 2).                           
                                                                            
SHARES1                                                                         
                                                                           
Million                                        Quarters                         


                                                                               
                                               Q1 2013    Q4 2012    Q1 2012   


                                                                           
Weighted average number of shares as the basis                                 
for:                                                                            
                                                                           
  Basic earnings per share                     6,308.9    6,282.8    6,229.4    
                                                                           
  Diluted earnings per share                   6,313.7    6,289.2    6,239.1    
                                                                           
Shares outstanding at the end of the period    6,340.2    6,305.9    6,273.8    
                                                                           
1 Royal Dutch Shell plc ordinary shares of euro 0.07 each.                      
                                                                            
Notes 1 to 7 are an integral part of these Condensed Consolidated Interim
Financial Statements
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                                  
                                                                           
$ million                                          Quarters                     


                                                                               
                                                   Q1 2013  Q4 2012   Q1 2012  
                                                                               
                                                            Restated1 Restated1


                                                                           
Income for the period                              8,226    6,756     8,852     
                                                                           
Other comprehensive income:                                                     
                                                                           
  Items that may be reclassified to income in                                  
later periods:                                                                  
                                                                           
Currency translation differences                   (1,652)  36        1,625     
                                                                           
Unrealised gains/(losses) on securities            31       (683)     (105)     
                                                                           
Cash flow hedging gains/(losses)                   13       101       (450)     
                                                                           
Share of other comprehensive loss of                                           
equity-accounted investments                       (56)     (179)     (109)     
                                                                           
  Total                                            (1,664)  (725)     961       
                                                                           
  Items that are not reclassified to income in                                 
later periods:                                                                  
                                                                           
Retirement benefits remeasurements                 1,436    (2,500)   (29)      
                                                                           
  Total                                            1,436    (2,500)   (29)      
                                                                           
Other comprehensive income/(loss) for the period   (228)    (3,225)   932       
                                                                           
Comprehensive income for the period                7,998    3,531     9,784     
                                                                           
Comprehensive income attributable to                                           
non-controlling interest                           25       46        158       
                                                                           
Comprehensive income attributable to Royal Dutch                               
Shell plc shareholders                             7,973    3,485     9,626     
                                                                           
1 Restated for accounting policy change (see Note 2).                           


                                                                               

Notes 1 to 7 are an integral part of these Condensed Consolidated Interim
Financial Statements

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                     
     
                                                                                
     
                   Equity attributable to Royal Dutch Shell                     
     
                   plc shareholders                                             
     
                                                                                
     
                           Shares                                               
     


               Share   held in  Other    Retained         Non-controlling 
Total  
$ million          capital trust    reserves earnings Total   interest        
equity  
                                                                             
 
At January 1,                                                                    
 
20131              542     (2,287)  (3,752)  180,246  174,749 1,433           
176,182 
                                                                             
 
Comprehensive                                                                    
 
income for the                                                                   
 
period             -       -        (203)    8,176    7,973   25              
7,998   
                                                                             
 
Capital                                                                          
 
contributions                                                                    
 
from, and other                                                                  
 
changes in,                                                                      
 
non-controlling                                                                  
 
interest           -       -        -        -        -       (4)             
(4)     
                                                                             
 
Dividends paid     -       -        -        (2,752)  (2,752) (21)            
(2,773) 
                                                                             
 
Scrip dividends2   2       -        (2)      844      844     -               
844     
                                                                             
 
Repurchases of                                                                   
 
shares3            (1)     -        1        (1,104)  (1,104) -               
(1,104) 
                                                                             
 
Shares held in                                                                   
 
trust: net sales/                                                                
 
(purchases) and                                                                  
 
dividends received -       1,030    -        36       1,066   -               
1,066   
                                                                             
 
Share-based                                                                      
 
compensation       -       -        (603)    (367)    (970)   -               
(970)   
                                                                             
 
At March 31, 2013  543     (1,257)  (4,559)  185,079  179,806 1,433           
181,239 
                                                                             
 
At January 1,                                                                    
 
20121              536     (2,990)  (1,961)  162,895  158,480 1,486           
159,966 
                                                                             
 
Comprehensive                                                                    
 
income for the                                                                   
 
period1            -       -        889      8,737    9,626   158             
9,784   
                                                                             
 
Capital                                                                          
 
contributions                                                                    
 
from, and other                                                                  
 
changes in,                                                                      
 
non-controlling                                                                  
 
interest           -       -        -        48       48      (75)            
(27)    
                                                                             
 
Dividends paid     -       -        -        (2,670)  (2,670) (24)            
(2,694) 
                                                                             
 
Scrip dividends2   3       -        (3)      999      999     -               
999     
                                                                             
 
Repurchases of                                                                   
 
shares3            -       - -      -        (627)    (627)                   
(627)   
                                                                             
 
Shares held in                                                                   
 
trust: net sales/                                                                
 
(purchases) and                                                                  
 
dividends received -       1,013    -        44       1,057   -               
1,057   
                                                                             
 
Share-based                                                                      
 
compensation       -       -        (135)    (439)    (574)   -               
(574)   
                                                                             
 
At March 31, 20121 539     (1,977)  (1,210)  168,987  166,339 1,545           
167,884 
                                                                             
 
1 Restated for accounting policy change (see Note 2).                            


     
                                                                                


 
2 Under the Scrip Dividend Programme some 25.6 million A shares, equivalent to   
 
$0.8 billion, were issued during the first quarter 2013 and some 27.5 million A  
 
shares, equivalent to $1.0 billion, were issued during the first quarter 2012.   


     
                                                                                


 
3 Includes shares committed to repurchase and repurchases subject to settlement  
 
at the end of the quarter.                                                       


     
                                                                                
     
                                                                                
     
                                                                                
     

Notes 1 to 7 are an integral part of these Condensed Consolidated Interim
Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEET                                           
                                                                               
                                    $ million                                  
                                                                               
                                    March 31, 2013 Dec 31, 2012  March 31, 2012
                                                                               
                                                   Restated1     Restated1     


                                                                           
Assets                                                                          
                                                                           
Non-current assets:                                                             
                                                                           
Intangible assets                   4,456          4,470         4,545          
                                                                           
Property, plant and equipment       180,244        172,293       155,239        
                                                                           
Equity-accounted investments        34,478         38,350        39,534         
                                                                           
Investments in securities           4,878          4,867         5,454          
                                                                           
Deferred tax                        4,641          4,288         4,874          
                                                                           
Retirement benefits                 3,502          2,301         3,624          
                                                                           
Trade and other receivables         9,052          8,991         10,061         


                                                                               
                                    241,251        235,560       223,331       


                                                                           
Current assets:                                                                 
                                                                           
Inventories                         31,531         30,781        34,163         
                                                                           
Trade and other receivables         66,598         65,403        78,798         
                                                                           
Cash and cash equivalents           17,614         18,550        15,024         


                                                                               
                                    115,743        114,734       127,985       


                                                                           
Total assets                        356,994        350,294       351,316        
                                                                           
Liabilities                                                                     
                                                                           
Non-current liabilities:                                                        
                                                                           
Debt                                27,329         29,921        29,116         
                                                                           
Trade and other payables            4,170          4,175         4,542          
                                                                           
Deferred tax                        11,490         10,312        11,289         
                                                                           
Retirement benefits                 15,091         15,290        13,986         
                                                                           
Decommissioning and other                                                      
provisions                          18,054         17,435        16,010         


                                                                               
                                    76,134         77,133        74,943        


                                                                           
Current liabilities:                                                            
                                                                           
Debt                                8,461          7,833         5,657          
                                                                           
Trade and other payables            73,301         72,839        85,360         
                                                                           
Taxes payable                       14,386         12,684        14,113         
                                                                           
Retirement benefits                 376            402           408            
                                                                           
Decommissioning and other                                                      
provisions                          3,097          3,221         2,951          


                                                                               
                                    99,621         96,979        108,489       


                                                                           
Total liabilities                   175,755        174,112       183,432        
                                                                           
Equity attributable to Royal Dutch                                             
Shell plc shareholders              179,806        174,749       166,339        
                                                                           
Non-controlling interest            1,433          1,433         1,545          
                                                                           
Total equity                        181,239        176,182       167,884        
                                                                           
Total liabilities and equity        356,994        350,294       351,316        
                                                                           
1 Restated for accounting policy change (see Note 2).                           
                                                                            
Notes 1 to 7 are an integral part of these Condensed Consolidated Interim
Financial Statements 
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS                                  
                                                                           
$ million                                    Quarters                           


                                                                               
                                             Q1 2013    Q4 2012     Q1 2012    
                                                                               
                                                        Restated1   Restated1  


                                                                           
Cash flow from operating activities                                             
                                                                           
Income for the period                        8,226      6,756       8,852       
                                                                           
Adjustment for:                                                                 
                                                                           
- Current taxation                           4,892      5,966       5,479       
                                                                           
- Interest expense (net)                     357        324         499         
                                                                           
- Depreciation, depletion and amortisation   4,225      3,835       3,402       
                                                                           
- Net gains on sale of assets                (213)      (2,083)     (524)       
                                                                           
- Decrease in working capital                34         994         770         
                                                                           
- Share of profit of equity-accounted                                          
investments                                  (2,303)    (2,127)     (2,940)     
                                                                           
- Dividends received from equity-accounted                                     
investments                                  1,242      2,655       2,582       
                                                                           
- Deferred taxation, retirement benefits,                                      
decommissioning and                                                             
                                                                           
  other provisions                           (11)       (422)       953         
                                                                           
- Other                                      27         553         (408)       
                                                                           
Net cash from operating activities (pre-tax) 16,476     16,451      18,665      
                                                                           
Taxation paid                                (4,917)    (6,538)     (5,226)     
                                                                           
Net cash from operating activities           11,559     9,913       13,439      
                                                                           
Cash flow from investing activities                                             
                                                                           
Capital expenditure                          (7,862)    (10,674)    (6,456)     
                                                                           
Investments in equity-accounted investments  (372)      (217)       (1,298)     
                                                                           
Proceeds from sales of assets                382        1,513       2,372       
                                                                           
Proceeds from sales of equity-accounted                                        
investments                                  154        415         57          
                                                                           
Proceeds from sales/(purchases) of                                             
securities (net)                             20         (30)        (40)        
                                                                           
Interest received                            36         53          48          
                                                                           
Net cash used in investing activities        (7,642)    (8,940)     (5,317)     
                                                                           
Cash flow from financing activities                                             
                                                                           
Net (decrease)/increase in debt with                                           
maturity period                                                                 
                                                                           
within three months                          133        (467)       (453)       
                                                                           
Other debt: New borrowings                   180        1,813       610         
                                                                           
  Repayments                                 (2,185)    (278)       (2,967)     
                                                                           
Interest paid                                (158)      (283)       (454)       
                                                                           
Change in non-controlling interest           (7)        25          10          
                                                                           
Cash dividends paid to:                                                         
                                                                           
- Royal Dutch Shell plc shareholders         (1,908)    (1,634)     (1,671)     
                                                                           
- Non-controlling interest                   (21)       (26)        (24)        
                                                                           
Repurchases of shares                        (545)      (453)       -           
                                                                           
Shares held in trust: net sales/(purchases)                                    
and dividends received                       (10)       (43)        205         
                                                                           
Net cash used in financing activities        (4,521)    (1,346)     (4,744)     
                                                                           
Currency translation differences relating to                                   
cash and                                                                        
                                                                           
cash equivalents                             (332)      84          354         
                                                                           
Increase/(decrease) in cash and cash                                           
equivalents                                  (936)      (289)       3,732       
                                                                           
Cash and cash equivalents at beginning of                                      
period                                       18,550     18,839      11,292      
                                                                           
Cash and cash equivalents at end of period   17,614     18,550      15,024      
                                                                           
1 Restated for accounting policy change (see Note 2).                           


                                                                               

Notes 1 to 7 are an integral part of these Condensed Consolidated Interim
Financial Statements

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

1. Basis of preparation

These Condensed Consolidated Interim Financial Statements ("Interim
Statements") of Royal Dutch Shell plc and its subsidiaries (collectively known
as Shell) have been prepared in accordance with IAS 34 Interim Financial
Reporting and on the basis of the same accounting principles as, and should be
read in conjunction with, the Annual Report and Form 20-F for the year ended
December 31, 2012 (pages 103 to 108) as filed with the U.S. Securities and
Exchange Commission, except as described below:

a) Revised IAS 19 Employee Benefits was adopted on January 1, 2013, with
retrospective effect (see Note 2).

b) IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and
revised standards IAS 27 Separate Financial Statements and IAS 28 Investments
in Associates and Joint Ventures were adopted on January 1, 2013. The standards
reinforce the principles for determining when an investor controls another
entity and in certain cases amend the accounting for arrangements where an
investor has joint control. The impact of the changes on the accounting for
Shell's interests is not significant; the major investments affected are listed
in Note 7.

c) IFRS 13 Fair Value Measurement was adopted on January 1, 2013, with 
prospective
effect. The standard affects nearly all instances where assets and liabilities
are currently recognised at fair value, primarily by refining the measurement
concept to represent an asset or liability's exit value. The standard also
introduces certain additional considerations to the measurement process and
additional disclosures have been provided where considered material (see Note
6). The impact of the changes for Shell is not significant.

The financial information presented in the Interim Statements does not
constitute statutory accounts within the meaning of section 434(3) of the
Companies Act 2006. Statutory accounts for the year ended December 31, 2012
were published in Shell's Annual Report and a copy was delivered to the
Registrar of Companies in England and Wales. The auditors' report on those
accounts was unqualified, did not include a reference to any matters to which
the auditors drew attention by way of emphasis without qualifying the report
and did not contain a statement under sections 498(2) or 498(3) of the
Companies Act 2006.

The Interim Statements are unaudited.

Segment information

Segment earnings are presented on a current cost of supplies basis (CCS
earnings). On this basis, the purchase price of volumes sold during the period
is based on the current cost of supplies during the same period after making
allowance for the tax effect. CCS earnings therefore exclude the effect of
changes in the oil price on inventory carrying amounts.

Net capital investment is defined as capital expenditure as reported in the
Condensed Consolidated Statement of Cash Flows, adjusted for: proceeds from
disposals; exploration expense excluding exploration wells written off;
investments in equity-accounted investments; and leases and other items.

CCS earnings and net capital investment information are the dominant measures
used by the Chief Executive Officer for the purposes of making decisions about
allocating resources and assessing performance.

2. Accounting for defined benefit plans

Revised IAS 19 Employee Benefits (IAS 19R) was adopted on January 1, 2013, with
retrospective effect; comparative information is therefore restated.

The revised standard requires immediate recognition of actuarial gains and
losses arising in connection with defined benefit plans through other
comprehensive income (see page 11). Previously, Shell applied the corridor
method of accounting under which amounts falling inside the corridor remained
unrecognised, while amounts falling outside it were recognised (amortised) in
income over a number of years. For the periods presented in this Report, the
elimination of this amortisation is approximately offset by lower interest
being recognised in income under the IAS 19R "net interest" approach. Under
this approach, interest income from defined benefit plan assets is determined
based on the same discount rate as applied to measure plan obligations, rather
than on an expected rate of return reflecting the plan's investment portfolio.

The following table sets out the impact of the change on relevant lines in the
Condensed Consolidated Balance Sheet, on gearing, and on the return on capital
employed (ROACE, see Note 9) for the twelve months ending at the respective
balance sheet date.

$ million          Dec 31, 2012                   Mar 31, 2012                  
                                                                                
                              Effect of                      Effect of          
                   As         accounting          As         accounting         
                   previously policy              previously policy             


               stated     change     Restated stated     change     
Restated 
                                                                             
Non-current assets                                                               
                                                                             
 Deferred tax      4,045      243        4,288    4,666      208        4,874    
                                                                             
 Retirement                                                                      
benefits           12,575     (10,274)   2,301    11,816     (8,192)    3,624    
                                                                             
Non-current                                                                      
liabilities                                                                      
                                                                             
 Deferred tax      15,590     (5,278)    10,312   15,887     (4,598)    11,289   
                                                                             
 Retirement                                                                      
benefits           6,298      8,992      15,290   6,064      7,922      13,986   
                                                                             
Total equity                                                                     
                                                                             
Other reserves     10,021     (13,773)   (3,752)  10,024     (11,234)   (1,210)  
                                                                             
Retained earnings  180,218    28         180,246  169,061    (74)       168,987  
                                                                             
Gearing1           9.2%       0.6%       9.8%     9.9%       0.6%       10.5%    
                                                                             
ROACE              12.7%      0.9%       13.6%    15.4%      0.7%       16.1%    
                                                                             
1 Net debt (total debt less cash and cash equivalents) as a percentage of total  
capital (net debt plus total equity).                                            


                                                                                


The effect of the accounting policy change at January 1, 2012 was to reduce
Accumulated other comprehensive income (within Other reserves) by $10,945
million, Retained earnings by $92 million and Total equity by $11,037 million.

Income for the first quarter 2012 increased by $18 million of which Upstream
segment earnings increased by $17 million and Downstream segment earnings
increased by $1 million. Income for the fourth quarter 2012 increased by $57
million of which Upstream segment earnings increased by $24 million, Downstream
segment earnings increased by $27 million and Corporate segment earnings
increased by $6 million. Basic and diluted earnings per share for the fourth
quarter 2012 increased by $0.01. There was no impact on net cash from operating
activities.

3. Information by business segment

$ million                                   Quarters                           
                                                                               
                                            Q1 2013           Q1 20121         


                                                                           
Third-party revenue                                                             
                                                                           
  Upstream                                  12,376            11,990            
                                                                           
  Downstream                                100,409           107,918           
                                                                           
  Corporate                                 25                12                
                                                                           
Total third-party revenue                   112,810           119,920           
                                                                           
Inter-segment revenue                                                           
                                                                           
  Upstream                                  12,142            13,451            
                                                                           
  Downstream                                243               212               
                                                                           
  Corporate                                 -                 -                 
                                                                           
Segment earnings                                                                
                                                                           
  Upstream                                  5,821             6,723             
                                                                           
  Downstream                                1,688             1,320             
                                                                           
  Corporate                                 491               (264)             
                                                                           
Total segment earnings                      8,000             7,779             
                                                                           
1 Restated for accounting policy change (see Note 2).                           


                                                                               

$ million                                   Quarters                           
                                                                               
                                            Q1 2013           Q1 20121         


                                                                           
Total segment earnings                      8,000             7,779             
                                                                           
Current cost of supplies adjustment:                                            
                                                                           
  Purchases                                 113               1,195             
                                                                           
  Taxation                                  (28)              (342)             
                                                                           
  Share of profit of equity-accounted                                          
investments                                 141               220               
                                                                           
Income for the period                       8,226             8,852             
                                                                           
1 Restated for accounting policy change (see Note 2).                           


                                                                               

4. Share capital

Issued and fully paid
                                                             Sterling deferred
                           Ordinary shares of euro 0.07 each shares           


                                                                          
Number of shares           A                B                of £1 each        
                                                                          
At January 1, 2013         3,772,388,687    2,617,715,189    50,000            
                                                                          
Scrip dividends            25,586,312       -                -                 
                                                                          
Repurchases of shares      -                (16,080,000)     -                 
                                                                          
At March 31, 2013          3,797,974,999    2,601,635,189    50,000            


                                                                              

Nominal value
                           Ordinary shares                                    


                                                                          
$ million                  A                B                Total             
                                                                          
At January 1, 2013         321              221              542               
                                                                          
Scrip dividends            2                -                2                 
                                                                          
Repurchases of shares      -                (1)              (1)               
                                                                          
At March 31, 2013          323              220              543               
                                                                          
  The total nominal value of sterling deferred shares is less than $1 million. 


                                                                              
                                                                              
                                                                              

At Royal Dutch Shell plc's Annual General Meeting on May 22, 2012, the Board
was authorised to allot ordinary shares in Royal Dutch Shell plc, and to grant
rights to subscribe for or to convert any security into ordinary shares in
Royal Dutch Shell plc, up to an aggregate nominal amount of euro 147 million
(representing 2,100 million ordinary shares of euro 0.07 each), and to list
such shares or rights on any stock exchange. This authority expires at the
earlier of the close of business on August 22, 2013 and the end of the Annual
General Meeting to be held in 2013, unless previously renewed, revoked or
varied by Royal Dutch Shell plc in a general meeting.

5. Other reserves
                                                             Accumulated        
                                    Share    Capital    Share   other              


                       Merger   premium  redemption plan    comprehensive       
$ million               reserve1 reserve1 reserve2   reserve income        
Total   
                                                                             
At January 1, 20133     3,423    154      63         2,028   (9,420)       
(3,752) 
                                                                             
Other comprehensive                                                              
loss attributable to                                                             
Royal Dutch Shell plc                                                            
shareholders            -        -        -          -       (203)         
(203)   
                                                                             
Scrip dividends         (2)      -        -          -       -             (2)   
                                                                                
Repurchases of shares   -        -        1          -       -             1     
                                                                                
Share-based                                                                      
compensation            -        -        -          (603)   -             
(603)   
                                                                             
At March 31, 2013       3,421    154      64         1,425   (9,623)       
(4,559) 
                                                                             
At January 1, 20123     3,432    154      60         1,571   (7,178)       
(1,961) 
                                                                             
Other comprehensive                                                              
income attributable to                                                           
Royal Dutch Shell plc                                                            
shareholders3           -        -        -          -       889           889   
                                                                                
Scrip dividends         (3)      -        -          -       -             (3)   
                                                                                
Share-based                                                                      
compensation            -        -        -          (135)   -             
(135)   
                                                                             
At March 31, 20123      3,429    154      60         1,436   (6,289)       
(1,210) 
                                                                             
1 The merger reserve and share premium reserve were established as a             
consequence of Royal Dutch Shell plc becoming the single parent company of       
Royal Dutch Petroleum Company and The "Shell" Transport and Trading Company,     
plc, now The Shell Transport and Trading Company Limited, in 2005.               
                                                                                
2 The capital redemption reserve was established in connection with repurchases  
of shares of Royal Dutch Shell plc.                                              
                                                                                
3 Restated for accounting policy change (see Note 2).                            


                                                                                   
                                                                                   
                                                                                   
    6. Derivative contracts

The table below provides the carrying amounts of derivatives contracts held,
disclosed in accordance with IFRS 13 Fair Value Measurement (see Note 1c).


                                      March 31,    Dec 31,     March 31,   
$ million                                 2013         2012        2012         
                                                                           
Included within:                                                                
                                                                           
Trade and other receivables - non-current 1,426        1,881       1,808        
                                                                           
Trade and other receivables - current     8,443        9,192       17,469       
                                                                           
Trade and other payables - non-current    609          658         901          
                                                                           
Trade and other payables - current        8,530        9,145       17,285       
                                                                            
7. Major investments in joint ventures and associates 
Of the major investments in joint ventures and associates listed in the Annual
Report and Form 20-F for the year ended December 31, 2012 (page 117), Aera,
Deer Park and Saudi Aramco Shell Refinery have been assessed as joint
operations under IFRS 11 Joint Arrangements (see Note 1b) and are no longer
accounted for using the equity method as from January 1, 2013. 
8. Impacts of accounting for derivatives 
In the ordinary course of business Shell enters into contracts to supply or
purchase oil and gas products, and also enters into derivative contracts to
mitigate resulting economic exposures (generally price exposure). Derivative
contracts are carried at period-end market price (fair value), with movements
in fair value recognised in income for the period. Supply and purchase
contracts entered into for operational purposes are, by contrast, recognised
when the transaction occurs (see also below); furthermore, inventory is carried
at historical cost or net realisable value, whichever is lower. 
As a consequence, accounting mismatches occur because: (a) the supply or
purchase transaction is recognised in a different period; or (b) the inventory
is measured on a different basis. 
In addition, certain UK gas contracts held by Upstream are, due to pricing or
delivery conditions, deemed to contain embedded derivatives or written options
and are also required to be carried at fair value even though they are entered
into for operational purposes. 
The accounting impacts of the aforementioned are reported as identified items
in this Report. 
9. Return on average capital employed 
Return on average capital employed (ROACE) measures the efficiency of Shell's
utilisation of the capital that it employs and is a common measure of business
performance. In this calculation, ROACE is defined as the sum of income for the
current and previous three quarters, adjusted for after-tax interest expense,
as a percentage of the average capital employed for the same period. Capital
employed consists of total equity, current debt and non-current debt. The tax
rate is derived from calculations at the published segment level. 
10. Liquidity and capital resources 
Net cash from operating activities for the first quarter 2013 was $11.6 billion
compared with $13.4 billion for the same period last year. 
Total current and non-current debt increased to $35.8 billion at March 31, 2013
from $34.8 billion at March 31, 2012 while cash and cash equivalents increased
to $17.6 billion at March 31, 2013 from $15.0 billion at March 31, 2012. No new
debt was issued under the US shelf registration programme or under the euro
medium-term note programme during the first quarter of 2013. 
Net capital investment for the first quarter 2013 was $8.2 billion, of which
$7.4 billion was invested in Upstream and $0.8 billion in Downstream. Net
capital investment for the same period of 2012 was $4.6 billion, of which $3.8
billion was invested in Upstream and $0.8 billion in Downstream. 
Dividends of $0.45 per share are announced on May 2, 2013 in respect of the
first quarter. These dividends are payable on June 27, 2013. In the case of B
shares, the dividends will be payable through the dividend access mechanism and
are expected to be treated as UK-source rather than Dutch-source. See the
Annual Report and Form 20-F for the year ended December 31, 2012 for additional
information on the dividend access mechanism. 
Under the Scrip Dividend Programme shareholders can increase their shareholding
in Shell by choosing to receive new shares instead of cash dividends. Only new
A shares will be issued under the Programme, including to shareholders who
currently hold B shares. 
CAUTIONARY STATEMENT 
All amounts shown throughout this Report are unaudited. 
The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this document "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
document refer to companies over which Royal Dutch Shell plc either directly or
indirectly has control. Companies over which Shell has joint control are
generally referred to "joint ventures" and companies over which Shell has
significant influence but neither control nor joint control are referred to as
"associates". In this document, joint ventures and associates may also be
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 document 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. Forward-looking statements include,
among other things, statements concerning the potential exposure of Royal Dutch
Shell to market risks and statements expressing management's expectations,
beliefs, estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and phrases
such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'',
''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'',
''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'',
''target'', ''will'' and similar terms and phrases. 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 document, 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 change; (k) economic and
financial market conditions in various countries and 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 document
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 risk factors that may affect
future results are contained in Royal Dutch Shell's Form 20-F for the year
ended December 31, 2012 (available at www.shell.com/investor and www.sec.gov).
These risk factors also expressly qualify all forward-looking statements
contained in this document and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this document, May 2,
2013. Neither Royal Dutch Shell plc 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 document. 
We may have used certain terms, such as resources, in this document 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 www.sec.gov. You can also obtain this form from the SEC by calling
1-800-SEC-0330. 
May 2, 2013 
The information in this Report reflects the unaudited consolidated financial
position and results of Royal Dutch Shell plc. Company No. 4366849, Registered
Office: Shell Centre, London, SE1 7NA, England, UK. 
Contacts: 
- Investor Relations International + 31 (0) 70 377 4540; North America +1 713 
241 1042 
- Media International: +44 (0) 207 934 5550; USA +1 713 241 4544 
END 
-0- May/02/2013 06:00 GMT
 
 
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