Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc presented at the Barclays CEO Energy-Power Conference in New York, New York.

1. Copyright of Royal Dutch Shell plc 3 September 2014 1
BALANCING GROWTH & RETURNS
Barclays CEO Energy-Power Conference
SEPTEMBER 3, 2014
ROYAL DUTCH SHELL PLC

2. Copyright of Royal Dutch Shell plc 3 September 2014 2
BEN VAN BEURDEN
CHIEF EXECUTIVE OFFICER
ROYAL DUTCH SHELL PLC

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DEFINITIONS & CAUTIONARY NOTE
Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves.
Resources: Our use of the term “resources” in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves. Resources are consistent with the Society of
Petroleum Engineers 2P and 2C definitions.
Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact.
Resources plays: our use of the term ‘resources plays’ refers to tight, shale and coal bed methane oil and gas acreage.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “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 presentation refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a
controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control
are referred to as “jointly controlled entities”. In this presentation, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for
convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This presentation 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’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ 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
presentation, 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 potential litigation and regulatory measures as a result of climate changes; (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 presentation are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal
Dutch Shell’s 20-F for the year ended 31 December, 2013 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking
statement speaks only as of the date of this presentation, 3 September, 2014. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking
statements contained in this presentation. There can be no assurance that dividend payments will match or exceed those set out in this presentation in the future, or that they will be made at
all.
We use certain terms in this presentation, such as discovery potential, that the United States Securities and Exchange Commission (SEC) guidelines strictly prohibit us from including in 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.

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2014 PRIORITIES
 Returns and cash flow
 Competitive returns for shareholders
 Take hard choices on new options
 Increase asset sales
 Reduce pace of growth investment
 Major deep-water start-ups in 2014
 Integrate 2013 acquisitions
Deliver new
projects
Enhance our
capital efficiency
Improve our
financial
performance

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 Balancing risk and reward
 Strict investment hurdles and price screens drive returns
ASPIRED
PORTFOLIO
ATTRACTIVENESS
Growth & returns
Opportunity scale
RESILIENCE
Risk, perfo rmance &
uncertainty
PORTFOLIO MANAGEMENT
STRATEGIC INTENT
RESULTS &
PAY-OUT

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FUTURE
OPPORTUNITIES
RESOURCES
PLAYS
INTEGRATED DEEP-WATER
GAS
UPSTREAM DOWNSTREAM
INVESTMENT PRIORITIES + STRATEGIC INTENT
1 Iraq, Nigeria onshore (SPDC), Kazakhstan, heavy oil, Arctic
Engines
 Free cash flow businesses
 Maintain competitiveness
 Asset integrity + selective growth
Growth Priority
 Global leadership established
 High-grading our rich opportunity set
Longer Term
 Major potential; managing non-technical risks
 Slower pace + capital allocation
 Credible, competitive, affordable
 Investment choices driven on a global thematic basis
1

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DRIVING PERFORMANCE IN SHELL
Policy from 1.1.2015
 Performance units New shareholding requirements
 Drive bottom line focus
 Credible, competitive and affordable plans
 Drives decisions on spending + divestment
 Individual performance management
 Stronger accountability for outcomes
 New shareholding requirements for senior
executives
CEO 7 x base pay
CFO 4 x base pay
Top 200 executives below
Executive Committee:
1.5 x base pay
Senior
Executives

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0
5
10
15
20
25
0
10
20
30
40
50
2010 2011 2012 2013 Q214
-5 4Q rolling
0
5
10
15
-10
0
10
20
30
2010 2011 2012 2013 Q214
4Q rolling
0
10
20
2010 2011 2012 2013 Q214
4Q rolling
IMPROVE FINANCIAL PERFORMANCE
H1 2014 OUTCOME
CCS earnings + ROACE excluding identified items
Earnings + ROACE
$ billion
Cash flow
$ billion
Dividend + buy-back
$ billion
Upstream
Downstream
Corporate/Other
Dividend declared Buy-back
CFFO CFFI
 Balancing returns + growth
 Competitive shareholder returns
 Expecting > $30 billion distributions to shareholders
2014-15
ROACE (RHS) Free cash flow (RHS)
$ billion

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IMPROVE FINANCIAL PERFORMANCE
OIL PRODUCTS
ROACE: CCS earnings excluding identified items
Resilience
Attractiveness
Addressing underperforming portfolio
0
2
4
6
8
10
12
0
2
4
6
8
10
12
2010 2011 2012 2013 Q214
rolling
Downstream CFFO + ROACE
$ billion %
Exit:
 Italy 
 Norway
 Australia 
 Denmark
 others
Fix:
 Motiva
 Singapore fuels
 Pernis + Rheinland
 others
Selective Growth:
Chemicals
China
LNG for transport
 Premium fuels + lubes
 Refinery crude flexibility
 others
completed
 Announced divestments 2014 year to date:
 180,000 b/d refinery capacity
 300,000 b/d marketing
 US mid-stream MLP proposal
CFFO ROACE (RHS)

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-2
0
2
4
6
8
10
2010 2011 2012 2013 2014 H1* 2014E
NORTH AMERICA RESOURCES PLAYS
RESTRUCTURING SHELL PORTFOLIO
* 2014 H1: 12 month rolling
Elba LNG
LNG
Canada
Groundbirch
Deep Basin/Kaybob
Foothills/Pembina
Gas-to-chemicals
Appalachia
Liquids rich shales (LRS)
Gas monetization options
Permian
Dry gas
Gas/LRS
Resilience
Attractiveness
$ billion
LRS Dry gas Divestments Acquisitions
-50%
-20%
North Americas capital investment  Dry gas:
 Canada LNG supply
 Appalachia appraisal
 Liquid rich shales:
 Appraisal in Western Canada + Permian
 Profitability focus
Portfolio
Exit:
 Eagle Ford 
 Mississippi Lime 
 Rockies LRS 
 Deep Basin (North) 
 Foothills (Burnt Timber) 
 Appalachia (Slippery
Rock)
 Pinedale
 Haynesville
Maintain / Grow:
 W. Canada gas +
integration plays
 Appalachia
 W. Canada LRS
 Permian LRS
LRS Plays
completed
Hold or Divest

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ENHANCE CAPITAL EFFICIENCY
Take hard choices on new options
 More selectivity: FIDs >$500 million
require CEO approval at FEED
 Maturing new projects: LNG, deep-water
Increase asset sales
 ~$10 billion completed year-to-date
 US midstream MLP proposal
Reduce pace of growth investment
 2014 organic spending ~$35 billion
 Scrip cancellation reflects improving FCF
 completed
2014+ Asset sales / license expiry
 Wheatstone LNG 
 BC-10 dilution 
 North America non-core LRS 
 Italy Downstream 
 ADCO license expiry 
 Woodside
market sell down 
 Australia  / Denmark /
Norway Downstream
 Nigeria onshore
 Mature UKCS + GOM assets
 Pinedale + Haynesville dry gas
 Others
 340,000 boed upstream
 180,000 b/d refining
 300,000 b/d marketing

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0
20
40
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
DELIVER NEW PROJECTS
2014 START-UPS
Mars B – February 2014 start-up
Mars B production ramp-up progress
Cardamom: H2 2014 start-up
Gumusut-Kakap: H2 2014 start-up
Shell 72%, 100 kboe/d
Shell 100%, 50 kboe/d Shell 33%, 135 kboe/d
kboed

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CONVENTIONAL EXPLORATION PROGRESS
DELIVERY 2014
 Rosmari & Marjoram gas
discoveries in Block SK318
 New Deep-water gas potential
 Shell 85%
 4 near field gas discoveries in
2014 (100% success rate)
 Adding gas to Malaysia
heartland
 Shell 30%
 Deep-water oil discovery 16 km
south of Appomattox
 ~100 million boe
 Shell 57.2%
 3rd Norphlet discovery
Malaysia Deep-water Gas Malaysia, Block SK408 GOM, Rydberg Deep
Doo Sung rig Gorek-1 3D Noble Globetrotter 1

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0
25
50
UP
STREAM
DOWN
STREAM
CASH FLOW AND PAY-OUT
Cash generation
$ billion, Q214 4Q rolling
Gearing + balance sheet
$ billion
Cash flow from
operations Net cash used in investing activities
Dividend and buy back
0%
10%
20%
30%
0
10
20
30
2010 2011 2012 2013 14Q2
Gearing
range
Net debt Gearing (RHS)
12 months
rolling
0
6
12
2006 2007 2008 2009 2010 2011 2012 2013 14Q2
Dividends declared 12 months
rolling
Dividend track record
$ billion
 Scrip dividend cancelled from Q2 2014
 Buy back $7-8 billion 2014-15 combined
 ~$1.6 billion H1 2014

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COMPETITIVE PERFORMANCE: BALANCING GROWTH AND RETURNS
4Q ROLLING
Free cash flow: cash flow from operations less cash used in investing activities;
ROACE underlying: European companies: CCS basis excluding identified items. US companies: reported earnings excluding special non-operating items.
Cash flow from operations
$ billion
Free cash flow
$ billion
ROACE – underlying
%
0
10
20
2010 2011 2012 2013 2014
Shell Peer group
 Driving competitive performance
0
20
40
60
2010 2011 2012 2013 2014
-10
0
10
20
30
40
2010 2011 2012 2013 2014

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2014 PRIORITIES
 Returns and cash flow
 Competitive returns for shareholders
 Take hard choices on new options
 Increase asset sales
 Reduce pace of growth investment
 Major deep-water start-ups in 2014
 Integrate 2013 acquisitions
Deliver new
projects
Enhance our
capital efficiency
Improve our
financial
performance

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QUESTIONS & ANSWERS