2018 Press Releases

Jan 2, 2018
Shell announces today that the agreement it signed with Dansk Olieselskab AS (DO) in
September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery
and local trading and supply activities, has terminated and the sale will not complete.
A/S Dansk Shell, including the refinery and local trading and supply activities, will remain under
Shell’s ownership and continue business as usual.
Shell Group’s $30 billion divestment programme remains on track to complete in 2018, with deals
worth $23 billion completed, $2 billion announced and $5 billion in advanced progress.
Jan 3, 2018
Shell has completed the sale of the first phase of its Hong Kong and Macau LPG marketing
business to DCC LPG on 31st December 2017. Shell continues to operate the LPG plant in Hong
Kong, which is part of the second phase of the transaction and is subject to conditions including
regulatory approvals.
The sale of Shell’s entire LPG business in Hong Kong and Macau was announced on 5 April
2017 for an agreed total transaction value of approximately US$ 150 million. As part of the sale,
Shell branded LPG products will continue to be available in Hong Kong and Macau via a long-
term brand license agreement with DCC LPG.
The sale does not impact any of Shell’s other businesses and Shell remains committed to
helping meet growing energy demand in Hong Kong and Macau.
Enquiries
Shell Media Relations:

International +44 (0) 20 7934 5550
Jan 15, 2018
Royal Dutch Shell plc (Shell) today announces a final investment decision on the redevelopment
of the Penguins oil and gas field in the UK North Sea.
The decision authorises the construction of a floating production, storage and offloading (FPSO)
vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.
The redevelopment is an attractive opportunity with a competitive go-forward break-even price
below $40 per barrel. The FPSO is expected to have a peak production (100%) of circa 45,000
boe/d.
“Penguins demonstrates the importance of Shell’s North Sea assets to the company’s upstream
portfolio,” said Andy Brown, Upstream Director. “It is another example of how we are unlocking
development opportunities, with lower costs, in support of Shell’s transformation into a world
class investment case.”
The Penguins field currently processes oil and gas using four existing drill centres tied back to
the Brent Charlie platform. The redevelopment of the field, required when Brent Charlie ceases
production will see an additional eight wells drilled, which will be tied back to the new FPSO
vessel. Natural gas will be exported through the tie-in of existing subsea facilities and additional
pipeline infrastructure.
Steve Phimister, Vice President for Upstream in the UK and Ireland said: “Shell has had a strong
presence in this part of the northern North Sea for more than forty years. Having reshaped our
portfolio over the last twelve months, we now plan to grow our North Sea production through our
core production assets. In doing so, we will continue to work with the UK government, our
partners and the regulator to maximise the economic recovery in one of Shell’s heartlands.”
The Penguins field is in 165 metres (541 feet) of water, approximately 150 miles north east of the
Shetland Islands. Discovered in 1974, the field was first developed in 2002 and is a joint venture
between Shell (50% and operator) and ExxonMobil (50%).
A joint venture-owned/Shell-operated Sevan 400 FPSO has been selected as the development
option for the field. Oil will be transported via tanker to refineries and gas will be transported via
the FLAGS pipeline to the St Fergus gas terminal in north-east Scotland.
Enquiries:
Investor Relations
International: +31 70 377 4540
North America: +1 832 337 2034
Shell International Media Relations

+44 (0) 20 7934 5550
Notes to Editors:
▪ Global engineering and construction company, Fluor, has been awarded the FPSO
engineering, procurement and construction contract.
▪ Sevan Marine ASA will provide the technology (under license agreement) for the circular
FPSO and will provide technical support during the design phase of the project.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague
and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have
operations in more than 70 countries and territories with businesses including oil and gas
exploration and production; production and marketing of liquefied natural gas and gas to liquids;
manufacturing, marketing and shipping of oil products and chemicals and renewable energy
projects. For further information, visit www.shell.com.
Jan 31, 2018
Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch
Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and
adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited
(PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a
transaction value of $750 million. The transaction is expected to complete in the second quarter
of 2018, subject to completion conditions as prescribed in the agreement.
The agreement is for Shell's stake in Blocks 15, 16 and 17 and Block G12/48. Following the
completion of this transaction, PTTEP's stake in Bongkot will increase to 66.6667%, with the
remaining 33.3333% owned by Total. PTTEP is the current operator of Bongkot.
Shell's decision to divest remains driven by our strategy to sell non-core assets in order to re-
shape Shell into a simpler, more resilient and focused company. This sale takes Shell a step
closer to its divestment target of $30 billion.
This announcement has no impact on Shell's other business interests in Thailand.
Enquiries:
Investor Relations
Media
Shell International Media Relations: +44 207 934 5550
Shell US Media Relations: +1 713 241 4544
Jan 31, 2018
Shell Offshore Inc. (“Shell”) today announced one of its largest U.S. Gulf of Mexico exploration
finds in the past decade from the Whale deep-water well. The well encountered more than 1,400
net feet (427 meters) of oil bearing pay. Evaluation of the discovery is ongoing, and appraisal
drilling is underway to further delineate the discovery and define development options.
“Deep water is an important growth priority as we reshape Shell into a world-class investment
case,” said Andy Brown, Upstream Director for Royal Dutch Shell. “Today’s announcement
shows how, through exploration, we are sustaining a strong pipeline of discoveries and future
projects to sustain this deep-water growth.”
Whale is operated by Shell (60%) and co-owned by Chevron U.S.A. Inc. (40%). It was
discovered in the Alaminos Canyon Block 772, adjacent to the Shell-operated Silvertip field and
approximately 10-miles from the Shell-operated Perdido platform.
“Whale builds on Shell’s successful, nearly 40-year history in the deep waters of the Gulf of
Mexico and is particularly special in that it offers a combination of materiality, scope and
proximity to existing infrastructure,” said Marc Gerrits, Executive Vice-President Exploration for
Royal Dutch Shell. “The result is another opportunity to think differently about ways we can
competitively develop deep-water resources.”
This major discovery in a Shell heartland adds to the company’s Paleogene exploration success
in the Perdido area. Through exploration, Royal Dutch Shell has added more than one billion
barrels of oil equivalent resources in the last decade in the Gulf of Mexico.
Shell currently has three Gulf of Mexico deep-water projects under construction – Appomattox,
Kaikias, and Coulomb Phase 2 – as well as investment options for additional subsea tiebacks
and Vito, a potential new hub in the region. The Shell group expects its global deep-water
production to exceed 900,000 boe per day by 2020, from already discovered, established areas.
Editor Notes
▪ Drilling operations for the Whale well were completed in June 2017 to a depth of
approximately 22,948-feet (measured depth).
▪ The Whale discovery is located approximately 200-miles (322 kilometers) southwest of
Houston in approximately 8,000-feet of water.
Enquiries
Investor Relations
Media
Shell US Media Relations: +1832 337 4355
Jan 31, 2018
In today’s deep-water bid round for the Mexican Gulf of Mexico, Shell Exploración y Extracción
de México, S.A. de C.V., (“Shell”) won four exploration blocks on its own, one with its partner
Pemex Exploración y Producción and four with its partner Qatar Petroleum International Limited.
Shell will be the operator of all nine blocks.
“We commend Mexico on a historical, successful bid round; for Shell, today’s win marks a
competitive, deep-water entry in Mexico,” said Andy Brown, Upstream Director, Shell. “The
proximity and technical similarity of this opportunity to our leading position in the U.S. Gulf of
Mexico will allow us to benefit from and build upon decades of experience, complementing our
position in the region.”
Shell has been in Mexico since 1954 and has a large portfolio of businesses that includes retail,
trading, petrochemicals, lubricants, import and sales of LNG. The results of today’s deep-water
bid round further fortify Shell’s presence in this key market after having established its first retail
station in the country last September.
This year, Shell celebrates 40-years of deep-water operations in the U.S. Gulf of Mexico, where it
pioneered deep-water exploration and production. World-wide, Shell deep-water production is
progressing to greater than 900-thousand barrels of oil equivalent per day by 2020, from already
discovered, established areas in the U.S. Gulf of Mexico, Brazil, Nigeria, and Malaysia.
###
EDITORS NOTE
The total area of these nine blocks is 18,996 square kilometers, an area equivalent to half of the
Netherlands, 12 times the size of London or 13 times the size of Mexico City.
INQUIRIES:
Investor Relations
▪ International: +31 (0) 70 377 4540

▪ North America: +1 832 337 2034
Feb 1, 2018
The Board of Royal Dutch Shell plc (“RDS”) today announced an interim dividend in respect of
the fourth quarter of 2017 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
Share”), equal to the US dollar dividend for the same quarter last year.
Royal Dutch Shell plc fourth quarter 2017 interim dividend announcement
Feb 1, 2018
On Thursday, February 1, 2018 at 07.00 GMT (08.00 CET and 02.00 EST) Royal Dutch Shell plc
released its fourth quarter and full year results and fourth quarter interim dividend announcement
for 2017.
Read the full comment in the Quarterly Results Announcement on Shell Global website.
Royal Dutch Shell plc fourth quarter 2017 results and webcast
Royal Dutch Shell plc fourth quarter 2017 interim dividend announcement
Feb 22, 2018
Steve Hill, EVP Shell Energy of Royal Dutch Shell plc will host a live audio webcast of the LNG
outlook.
Webcast
This webcast will be held on Monday February 26, 2017 15:00 GMT (16:00 CET / 10:00 EST).
LNG Outlook webcast
Enquiries
Shell Media Relations
Shell Investor Relations
International: + 31 70 377 4540
Feb 26, 2018
The global liquefied natural gas (LNG) market has continued to defy expectations of many
market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017,
according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with
Shell’s first LNG Outlook, published in 2017. Based on current demand projections, Shell sees
potential for a supply shortage developing in mid-2020s, unless new LNG production project
commitments are made soon.
Japan remained the world’s largest LNG importer in 2017, while China moved into second place
as Chinese imports surged past South Korea’s. Total demand for LNG in China reached 38
million tonnes, a result of continued economic growth and policies to reduce local air pollution
through coal-to-gas switching.
“We are still seeing significant demand from traditional importers in Asia and Europe, but we are
also seeing LNG provide flexible, reliable and cleaner energy supply for other countries around
the world,” said Maarten Wetselaar, Integrated Gas and New Energies Director at Shell. “In Asia
alone, demand rose by 17 million tonnes. That’s nearly as much as Indonesia, the world’s fifth-
largest LNG exporter, produced in 2017.”
LNG has played an increasing role in the global energy system over the last few decades. Since
2000, the number of countries importing LNG has quadrupled and the number of countries
supplying it has almost doubled. LNG trade increased from 100 million tonnes in 2000 to nearly
300 million tonnes in 2017. That’s enough gas to generate power for around 575 million homes.
LNG buyers continued to sign shorter and smaller contracts. In 2017, the number of LNG spot
cargoes sold reached 1,100 for the first time, equivalent to three cargoes delivered every day.
This growth mostly came from new supply from Australia and the USA.
The mismatch in requirements between buyers and suppliers is growing. Most suppliers still seek
long-term LNG sales to secure financing. But LNG buyers increasingly want shorter, smaller and
more flexible contracts so they can better compete in their own downstream power and gas
markets.
This mismatch needs to be resolved to enable LNG project developers to make final investment
decisions that are needed to ensure there is enough future supply of this cleaner-burning fuel for
the world economy.
See Shell’s full LNG Outlook for 2018 at www.shell.com/lngoutlook
Enquiries:
+44 (0) 207 934 5550
Mar 9, 2018
The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro
equivalent dividend payments in respect of the fourth quarter 2017 interim dividend, which was
announced on February 1, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinary
share (“B Share”).
Dividends on A Shares will be paid, by default, in euro at the rate of €0.3818 per A Share.
Holders of A Shares who have validly submitted pounds sterling currency elections by March 2,
2018 will be entitled to a dividend of 33.91p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 33.91p per B
Share. Holders of B Shares who have validly submitted euro currency elections by March 2,
2018 will be entitled to a dividend of €0.3818 per B Share.
This dividend will be payable on March 26, 2018 to those members whose names were on the
Register of Members on February 16, 2018.
Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at
the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident
shareholders, depending on their particular circumstances, may be entitled to a full or partial
refund of Dutch dividend withholding tax.
Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax
credit was abolished, and a new tax free dividend allowance introduced. Dividend income in
excess of the allowance is taxable at the following rates: 7.5% within the basic rate band; 32.5%
within the higher rate band; and 38.1% on dividend income taxable at the additional rate.
If you are uncertain as to the tax treatment of any dividends you should consult your own tax
advisor.
Enquiries
Investor Relations
Europe: + 31 70 377 4540
Media
International +44 207 934 5550
Americas +1 832 337 4355
Mar 15, 2018
Royal Dutch Shell plc published its Annual Report and Form 20-F for the year ended December
31, 2017.
The 2017 Annual Report and Form 20-F can be downloaded
from www.shell.com/annualreport.
Printed copies of the 2017 Annual Report and Form 20-F will be available from April 19, 2018,
and can be requested, free of charge, at www.shell.com/annualreport.
The Annual Report and Accounts will be submitted to the Annual General Meeting to be held on
May 22, 2018.
Enquiries
Americas: +1 713 241 4544
Shell Investor relations
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

Classification: Annual financial and audit reports
Mar 15, 2018
Royal Dutch Shell plc filed its Annual Report on Form 20-F for the year ended December 31,
2017, with the U.S. Securities and Exchange Commission.
The 2017 Annual Report and Form 20-F can be downloaded
from www.shell.com/annualreport or www.sec.gov.
Printed copies of the 2017 Annual Report and Form 20-F be available from April 19, 2018, and
can be requested, free of charge, at www.shell.com/annualreport.
The Annual Report and Accounts will be submitted to the Annual General Meeting to be held on
May 22, 2018.
Enquiries
Americas: +1 713 241 4544
Shell Investor relations
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

Classification: Annual financial and audit reports
Mar 15, 2018
Royal Dutch Shell plc (Shell), reached an agreement today to sell its shares in Shell entities in
New Zealand, to OMV for USD 578mln.
This follows a two-year strategic review of Shell’s interests in New Zealand and the sale of
Shell’s interest in Kapuni in 2017. It is consistent with the Shell Group strategy of divesting USD
30bn of assets by end 2018, and is in line with Shell’s drive to simplify the upstream portfolio and
re-shape the company into a world class investment.
The agreement includes Māui, Pohokura and the Tank Farms. Shell has also entered into an
agreement with OMV to sell its interest in (and operatorship of) the Great South Basin venture,
which includes a drilling commitment currently estimated to be USD 50 million.
The Sales and Purchase Agreement is subject to certain conditions which include normal
regulatory approvals and is likely to be complete by Q4 this year.
As part of the deal, the employees of Shell Taranaki Limited and Shell New Zealand will become
part of OMV New Zealand, upon completion of the deal.
“Today’s announcement is another step towards reshaping and simplifying our company,
deepening Shell’s financial resilience and competitiveness, in order to become a world-class
investment,” said Maarten Wetselaar, Integrated Gas & New Energies Director. “We are proud of
having worked in New Zealand for more than 100 years. Our customers, our neighbours, the
regulator and partners have been a critical part of this journey and integral to our successes. I
wish them all well.”
“I want to emphasise that the business will continue to be run as it is now, until the deal is
complete” says Rob Jager, Country Chair of Shell Companies in New Zealand. “We have two
high priorities over this transition period: to continue to run our assets in a safe and reliable
manner and care for our people.”
Enquiries
Shell New Zealand: + 64 27 224 7018
Shell Investor Relations International: +31 70 377 4540
Note for Editors

The share sale includes eight Shell NZ entities: Shell Exploration NZ Ltd (SENZL), Taranaki
Offshore Petroleum Company of NZ (TOPCO), Energy Petroleum Taranaki Ltd (EPTL), Energy
Petroleum Holdings Ltd (EPHL), Shell Taranaki Ltd, Energy Infrastructure Ltd (EIL), SNZ (2011)
Ltd and Energy Petroleum Investments Ltd (EPIL). As part of a separate transaction, Shell GSB
Ltd (SGSBL) is also being sold.
Mar 21, 2018
▪ $6-7 billion annual organic free cash flow outlook for Downstream by 2020 and $9-12
billion by 2025, at $60 per barrel (real terms 2016) and mid-cycle Downstream market
conditions.
▪ Marketing plans to generate more than $2.5 billion additional earnings a year by 2025.
▪ Chemicals earnings expected to reach $3.5-4.0 billion a year by 2025.
▪ Refining and Trading to focus on integration and resilience, with around 25% lower
indicative integrated break-even margins expected by 2020 compared to 2011-13.
▪ Strategy to ensure resilience and capture opportunities through the energy transition.
Royal Dutch Shell plc (Shell) today updated investors on its Downstream growth ambitions,
underlining the important role they will play in delivering Shell’s world-class investment case.
“Our unique Downstream business is fundamental to delivering a world-class investment case,”
said Chief Executive Officer Ben van Beurden. “Its unparalleled breadth, depth and the strength
of our brand make our Downstream business highly competitive, helping to generate strong free
cash flows and returns, while making Shell more resilient over the coming decades.”
John Abbott, Downstream Director, explained how the business will help Shell thrive through the
energy transition. “We have a customer-centric mindset and the most integrated Downstream
business in the world. We have a strong track record of delivery, a diversified portfolio and
ambitious growth plans – underpinned by operational excellence – that all ensure our business
remains resilient today and for the future,” he said.
“This business will continue to create value for shareholders and customers. We believe our
Marketing business is the most profitable in the industry, and Chemicals had a record year in
2017. Meanwhile, our refining and trading teams make the most of our scale, global presence
and customer reach. We have a unique strength in our brand and a fully integrated business
model that our competitors find difficult to match,” Abbott said.
“Downstream is helping Shell to thrive during the global shift to a lower-carbon energy system.
As the energy system evolves, our marketing businesses will provide agile platforms for meeting
the changing needs of our customers. We are making products from today’s technologies as
good as they can be, with better fuels and lubricants. We are also helping to deliver tomorrow’s
products, services and technologies. From battery-electric vehicle charging to next-generation
biofuels; LNG for transport to hydrogen; and smartphone apps that enable more efficient driving.
We are also working to reduce emissions from our own operations.”
Shell reiterated its expectation of $6-7 billion annual organic free cash flow from Downstream by
2020, at $60 per barrel (real terms 2016) and mid-cycle Downstream conditions, with $9-12
billion expected by 2025. The company plans to invest $7-9 billion a year across Downstream,
and to deliver a return on average capital employed (ROACE) above 15%.
Delivery through a uniquely integrated approach

A customer-centric mindset and business integration are fundamental to our approach. Shell’s
Downstream leadership position is based on the unrivalled strength of customer relationships
across Retail, Global Commercial and Chemicals, built over decades. The integrated
management of our businesses and the unique reach of our trading operation allows us to
capture and maximise value across the value chain as market conditions change, enhancing the
resilience of our business.
Across its Marketing businesses, Shell is leveraging its iconic global brand and technically
differentiated fuels and lubricants, while growing in new markets and sectors that will be resilient
through the energy transition.
Chemicals, a growth priority for Shell, has been through a transformational and profitable journey
and proved robust across a range of crude oil and natural gas prices. Meanwhile, the reshaping
of how Refining and Trading work, to focus on complex, highly integrated and competitive sites in
the three main trading hubs – the US Gulf Coast, Singapore and Rotterdam – is nearing
completion. The success of these businesses is enhanced by teams working constantly to
capture maximum value in all our markets. We can make, buy or blend products – providing the
right product, at the right cost, to the right market.
Lines of business updates

Marketing: the largest and most profitable marketing business among international oil
companies
The Marketing businesses (Retail and Global Commercial) represented around 50% of
Downstream’s earnings in the last five years, generating $1.4 billion in additional earnings in
2017, compared with 2013. It is the largest, most profitable marketing business among
international oil companies.
The combined growth strategies across Retail and Global Commercial are expected to generate
more than $1 billion in additional annual earnings by 2020, and more than $2.5 billion by 2025,
an average annual growth rate greater than 7%, while maintaining a ROACE of more than 20%.
Retail: Shell is the number one mobility retailer

▪ 2025 growth ambition of 40 million daily customers across 55,000 sites, from 30 million
across 44,000 sites today.
▪ Annual earnings expected to grow by more than $1.5 billion by 2025 – from $2.2 billion in
2017 to close to $4.0 billion in 2025.
▪ Expected ROACE in excess of 20% a year.
▪ Growth driven by:
▪ more than 10,000 new sites, with 5,000 located in the fast-growing markets of
China, India, Indonesia, Mexico and Russia;
▪ further penetration of premium fuels and differentiated marketing programmes,
including expansion of markets and services for the fleet solutions business
(B2Bsegment);
▪ 5,000 new convenience stores and selective upgrades to existing convenience
stores worldwide; and
▪ new digital and e-mobility services.
Global Commercial: Shell is the global number one player in lubricants

▪ Annual earnings expected to grow by more than $1.0 billion by 2025 – from $1.4 billion in
2017 to close to $2.5 billion in 2025, $400 million of which is expected by 2020.
▪ Expected ROACE of more than 25% a year.
▪ growth in the premium lubricants sector, aiming for 70% penetration of the
passenger car motor oil segment by 2025 (from around 40% in 2017);
▪ expansion of market share in the priority growth markets of China, India,
Indonesia, Mexico and Russia;
▪ growth in resilient sectors, such as bitumen, aviation and industrial lubricants;
and
▪ new digital businesses and services.
Refining and Trading: resilient and uniquely integrated businesses
▪ Portfolio management, operational excellence and further integration of the Refining and
Trading businesses have allowed us to capture more value and improve our resilience:
▪ We have reduced our Refining and Trading indicative integrated break-even
margin by more than $1.5/barrel in the 2014-2017 period, compared with 2011-
13.
▪ By 2020, we expect to reduce our Refining and Trading indicative integrated
break-even margin by another $0.5-0.9/barrel, making us increasingly resilient in
times of lower margins.
▪ $2-3 billion annual capital investment programme, primarily focused on strengthening
further the resilience of our Refining portfolio.
▪ ROACE between 10% and 15% a year over the cycle.
Chemicals: a growth priority and resilient business

▪ Earnings expected to reach $3.5-4.0 billion a year by 2025.
▪ Global demand for petrochemicals (expected to be at least 3% per year);
▪ $3-4 billion annual capital investment, primarily focused on growth through
uniquely differentiated world-scale projects; and
▪ $0.5 billion improvement in annual earnings (vs. 2015), achieved by increasing
the returns of our base business through cost-reduction and margin-improvement
interventions. Some of these improvements have already been delivered. By the
end of 2018, we expect to have delivered 80% of this;
▪ Identified opportunities to continue to grow beyond 2025. Value, competitiveness and
strategic fit with the world-class investment case will be key decision criteria.
▪ ROACE of the base of our Chemicals business around 15% by 2025, with total ROACE
dependent on total investment levels in Chemicals in the 2020s.
Enquiries
Shell Investor Relations:
Europe: +31 70 377 4540
North America +1 832 337 2034
Shell International Media Relations:
Americas +1 832 337 4355
Mar 23, 2018
Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V
(SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary
of Itochu Corporation.
The purchaser will also assume debt of $144 million as part of the transaction. The sale has
received the necessary regulatory consent, is expected to complete in the next few days, and
has an effective date of 31 December 2015.
Since joining the project in 2009, Shell has enjoyed successful cooperation with its partners in
the West Qurna 1 venture, which will continue to be operated by ExxonMobil.
Shell’s Upstream Director, Andy Brown, said: “Iraq is an important country for the Shell Group,
and exiting West Qurna 1 allows us to focus our resources on other assets in our Iraq
portfolio. We are grateful for the support of the Iraqi government during the divestment process.
“Shell remains committed to working with its partners to redevelop Iraq’s energy infrastructure by
capturing associated gas, through the Basrah Gas Company (BGC) Joint Venture, for domestic
and regional consumption. This deal maintains the momentum behind Shell’s $30bn divestment
programme and is in line with the drive to simplify our upstream portfolio and reshape the
company into a world class investment.”
Shell’s other businesses in the country will not be affected by this divestment.
Notes to editors
The divestment scope covers Shell Iraq BV, which is 100% owned by Shell EP Middle East
Holdings B.V. (“SEPMEH”) and holds a 19.6% working interest in West Qurna 1 (“WQ1”)
Technical Service Contract (“TSC”) in Iraq. Other partners in the TSC are ExxonMobil (32.7%),
PetroChina (32.7%), Pertamina (10%) and Oil Exploration Company (5% state partner).
On completion of the sale of SIBV, Shell will have no participating interest in the TSC and will
have completely divested its interest in West Qurna 1.
On 14 September 2017, Shell Iraq Petroleum Development B.V. (SIPD) announced that the
Ministry of Oil of Iraq has endorsed its recent proposal to pursue an amicable and mutually
acceptable handover of the Shell interest in Majnoon, with timings to be agreed in due course.
Enquiries
Nureddin Wefati
Head of Media Relations for Middle East & North Africa
Shell EP International Ltd
Tel: +971 4 705 5347
[email protected]
Hassan Almarashi
Spokesperson Middle East & North Africa
Tel: +971 4 705 5783
[email protected]
Tel: +44 20 7934 5550
Mar 28, 2018
Shell EP Middle East Holdings B.V. has completed the sale of the entire share capital of Shell
Iraq B.V (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a
subsidiary of ITOCHU Corporation. The purchaser has also assumed debt of $144 million as part
of the transaction.
The West Qurna 1 venture will continue to be operated by ExxonMobil. Shell’s other businesses
in the country are not affected by this divestment.
Notes to Editors
Click here to read the sale announcement of 23 March 2018.
For media enquiries contact:

Mr. Nureddin Wefati
Head of Media Relations for Middle East & North Africa
Shell EP International
Tel: +971 4 705 5347
[email protected]
Mr. Hassan Almarashi
Spokesperson Middle East & North Africa
Tel: +971 4 705 5783
[email protected]
Tel: +44 (0) 20 7934 5550
Mar 28, 2018
On Thursday, April 26th at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc will
release its first quarter results and first quarter interim dividend announcement for 2018.
These announcements will be available on http://www.shell.com/investor.
Webcast
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc will host a live audio webcast of the
first quarter 2018 results on Thursday April 26, 2018 at 14:30 BST (15:30 CEST / 09:30 EDT).
First quarter 2018 results analysts webcast
Enquiries
Shell Media Relations: +44 207 934 5550
Shell Investor Relations: +31 70 377 4540 or +1 832 337 2034
Mar 29, 2018
Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell plc (“Shell”), today won four additional
deep-water exploration blocks in the Campos and Potiguar basins, bringing its total operated
presence offshore Brazil to 18 blocks. In the 15th deep-water bid round organized by the
Brazilian National Petroleum Agency (ANP), Shell secured one exploration block on its own, and
three in joint-bids with Chevron Brazil, Petrobras, and Petrogal Brasil. Of the newly acquired
blocks today, Shell will operate two.
Shell will pay its share of the total signing bonuses, equating for all bids to approximately USD
$70-million (R$ 235-million).
“We continue to demonstrate our commitment to growing our production in Brazil and our strong
belief in the value deep-water resources brings to our global portfolio,” said Andy Brown,
Upstream Director, Shell. “This bid round offers significant potential for additional deep-water
discoveries. These lease commitments fall within our agreed capital ceiling and are consistent
with our value-based approach.”
Globally, Shell plans to invest $5-6 billion each year through 2020 into its deep water business to
strategically grow production and returns for the company. The business is on track to deliver
annual, free cash flow of $6-7-billion by 2020 (at $60/barrel Brent RT 2016).
New Acreage added to Shell Brasil’s Portfolio

Campos Basin:
C-M-791 – Shell Brasil (40% - operator), Petrogal Brasil (20%), Chevron Brazil (40%)
Potiguar Basin:
POT-M-948 – Shell Brasil (100%)
POT-M-859 – Petrobras (60%), Shell Brasil (40%)
POT-M-952 – Petrobras (60%), Shell Brasil (40%)
Editors Note
▪ Today’s win further reinforces our commitment to Brazil, from which approximately 10%
of our global oil and gas production originates.
▪ Shell has operated Upstream and Downstream businesses in Brazil for 105-years and
was the first international oil company to commercially produce oil after the state
monopoly eased in the late 1990s.
Enquiries:
Investor Relations
International: +31 (0) 70 377 4540
Media Relations:
International: +44 (0) 207 934 5550
US & Brazil: +1 832 337 4355
Apr 9, 2018
Royal Dutch Shell has published its 2017 Sustainability Report.

The report outlines Shell’s approach to sustainability and covers the company’s social, safety
and environmental performance in 2017.
It sets out how Shell is playing a role in the energy transition and details Shell’s contribution to
society, which includes providing people with access to energy products. The company also
contributes through paying taxes, procuring local goods and services, hiring locally and
supporting social investment programmes.
In his introduction to the 2017 Sustainability Report, Shell’s Chief Executive Officer Ben van
Beurden writes:
“Sustainability is essential to the way we do business. Our Sustainability Report is an account of
our progress in this area as we continue to deliver energy products society needs in the transition
to a low-carbon world.”
This is the 21st edition of the Shell Sustainability Report. Shell has used external review panels
to strengthen its sustainability reporting since 2005. They help the company evaluate the quality
and credibility of the Sustainability Report and improve its reporting. The 2017 panel comprises
six sustainability and corporate reporting experts.
Shell has also published details of payments made to governments in 2017 in countries where it
has upstream operations. This report, which details payments in 29 countries, is prepared in
accordance with the UK’s Reports on Payments to Governments Regulations 2014.
To read the full report, go to www.shell.com/sustainabilityreport
To read details of Shell’s payments to governments, go to www.shell.com/payments
Enquiries
Europe: +31 70 377 4540
Americas +1 832 337 4355
Apr 12, 2018
Royal Dutch Shell plc (Shell) today published a report outlining how its strategy should enable it
to thrive as the world transitions to lower-carbon energy. The Shell Energy Transition Report
describes its understanding of the transition and what it means for the company. It also explains
how Shell has designed its strategy not only to be a world-class investment case, and to sustain
its societal licence to operate, but also to manage climate change-related risks and maximise
opportunities through the transition.
The report provides examples of how Shell is already active in many of the growth areas that will
drive its continued success and resilience. Shell CEO Ben van Beurden says: “Understanding
what climate change means for our company is one of the biggest strategic questions on my
mind today. In answering that question, we are determined to work with society and our
customers. We will help and inform and encourage progress towards the aims of the Paris
Agreement. And we intend to continue to provide strong returns for shareholders well into the
future.”
The report contains Shell’s principal response to the recommendations of the Financial Stability
Board’s Task Force on Climate-related Financial Disclosures and demonstrates the company’s
near- and mid-term financial and portfolio resilience, even against its recently-published and
most rapid energy transition scenario, known as Sky. It also explains how Shell’s capacity to
adapt to the transition should allow it to thrive in the longer term by supplying the types of energy
customers will need over the coming decades. For Shell, this means that the company will still
sell the oil and gas that society needs, while preparing its portfolio to move into lower-carbon
energy, when this makes commercial sense.
Shell’s strategy, global portfolio and strong financial framework provide the ability to thrive
through potential changes in the energy system to 2030. Every year the company assesses its
portfolio under different scenarios, including prolonged low oil prices. In addition, Shell ranks the
break-even prices of its assets in the Upstream and Integrated Gas businesses to assess their
resilience against low oil and gas prices. These assessments indicate a low risk of stranded
assets in the current portfolio. As of 31 December 2017, Shell estimates that around 80% of its
current proved oil and gas reserves will be produced by 2030, and only 20% after that time.
In the medium term Shell will grow its business in areas it expects to be important in the energy
transition, while reducing costs and improving its CO2-intensity performance. The company is
expanding in the power market as it expects the energy system to increasingly electrify, and it is
adjusting its businesses to meet changing demand in different countries. This includes
investments in areas such as wind generation in the Netherlands, supplying power to retail
customers in the UK and offering hydrogen refuelling and electric-car charging.
Longer term there is great uncertainty in how the energy transition will unfold, but Shell believes
its strategic flexibility will allow it to adapt in step with society. Shell has previously announced its
ambition to reduce the Net Carbon Footprint of the energy products the company sells by around
half by the middle of the century in alignment with society as it moves towards implementing the
Paris goals. Critically, this plan covers the full energy life cycle of the company’s products,
making it unique in the energy industry. It includes not only emissions from the production of
energy products, but also those from the consumption of Shell’s products by its customers,
where around 85% of the emissions associated with the company’s energy products occur.
Progress will be reviewed every five years to ensure it is in-step with society’s progress towards
the Paris goal of limiting global warming.
To read the full report, go to www.shell.com/energytransitionreport
Notes to Editors:
▪ This report is a follow up to the “Shell: Energy Transitions and Portfolio Resilience” report
(2016).
▪ Shell plans to reduce the Net Carbon Footprint of its energy products in step with
society’s progress. As such, the company’s Net Carbon Footprint ambition covers not just
emissions from its own operations but also those produced by its customers when they
use the energy products purchased from Shell. Shell has applied its own unique Net
Carbon Footprint methodology, using its Sky scenario analysis and the IEAs Energy
Technology Perspectives 2017 as inputs. Based on this analysis, Shell believes society
will have to achieve net zero additional CO2 equivalent emissions from the energy
system, of approximately half by 2050. Shell intends to meet the Net Carbon Footprint of
the global energy system in that time frame. The company plans to reduce its Net Carbon
Footprint by around 20% by 2035 as an interim measure. Shell will review its progress
every five years. See the full report for more.
▪ The Net Carbon Footprint methodology was developed inhouse at Shell and it was
designed to reflect the activities that Shell is directly involved in and the carbon content of
the energy products the company sells.
Apr 24, 2018
Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for
US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The
sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas,
marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and
distribution activities in the country. Additionally, after the transaction closes, the businesses
acquired by Raízen will continue their relationships with Shell through various commercial
agreements, which represent an estimated value of US$0.3 billion.
Raízen, a joint venture set up in 2011 between Shell and Cosan, is a leading biofuels producer
and fuels distributor in Brazil, where it already manages more than 6,000 Shell service stations.
“We plan to continue thriving in Argentina’s downstream market through Raízen,” John Abbott,
Shell Downstream Director, said. “Raízen has already delivered significant value for us in Brazil
and we will remain an important fuel supplier to Argentina under this deal.”
Shell has been in Argentina for more than 100 years. The Shell brand will remain prominent
through a licensing agreement with Raízen. Customers in Argentina will continue to enjoy access
to high-quality, Shell-branded products and services.
The agreement is consistent with Shell’s strategy to simplify its portfolio through a US$30 billion
divestment programme, and follows a strategic review of Shell’s Downstream business in
Argentina that began in August 2016. The agreement with Raízen is the result of a competitive
bidding process and the sale is expected to complete later this year. It offers the opportunity to
consolidate a regional partnership between Shell and Cosan.
The sale does not include Shell’s Upstream interests in the Vaca Muerta shale formation. Shell
sees substantial long-term growth potential in Argentina’s shale resources.
Notes to editors
▪ Raízen is a joint venture between Shell (50%) and Cosan (50%). Raízen is the leading
producer of sugar, ethanol and bioenergy in Brazil, with 26 production units and 860,000
hectares of cultivated agricultural land, a network of more than 6,000 Shell stations, 950
Shell Select convenience stores and more than 2,500 business customers. In Brazil,
Raízen is present in 68 airport supply bases and in 68 fuel distribution terminals, and
sells approximately 25 billion litres of fuel for the transportation, industrial and retail
segments. Raízen’s current turnover is around US$24 billion per year.
Enquiries
Media Relations
Shell US Media Relations: +1832 337 4355
Investor Relations
Enquiries
Europe: +31 70 377 4540
Americas +1 832 337 4355
Disclaimer
This press release contains data and analysis from Shell’s new Sky Scenario. Unlike Shell’s
previously published Mountains and Oceans exploratory scenarios, the Sky Scenario is targeted
through the assumption that society reaches the Paris Agreement’s goal of holding global
average temperatures to well below 2°C. Unlike Shell’s Mountains and Oceans scenarios which
unfolded in an open-ended way based upon plausible assumptions and quantifications, the Sky
Scenario was specifically designed to reach the Paris Agreement’s goal in a technically possible
manner. These scenarios are a part of an ongoing process used in Shell for over 40 years to
challenge executives’ perspectives on the future business environment. They are designed to
stretch management to consider even events that may only be remotely possible. Scenarios,
therefore, are not intended to be predictions of likely future events or outcomes and investors
should not rely on them when making an investment decision with regard to Royal Dutch Shell
plc securities.
Additionally, it is important to note that Shell’s existing portfolio has been decades in
development. While we believe our portfolio is resilient under a wide range of outlooks, including
the IEA’s 450 scenario (World Energy Outlook 2016), it includes assets across a spectrum of
energy intensities including some with above-average intensity. While we seek to enhance our
operations’ average energy intensity through both the development of new projects and
divestments, we have no immediate plans to move to a net-zero emissions portfolio over our
investment horizon of 10-20 years. Although, we have no immediate plans to move to a net-zero
emissions portfolio, in November of 2017, we announced our ambition to reduce our net carbon
footprint in accordance with society’s implementation of the Paris Agreement’s goal of holding
global average temperature to well below 2°C above pre-industrial levels. Accordingly, assuming
society aligns itself with the Paris Agreement’s goals, we aim to reduce our net carbon footprint,
which includes not only our direct and indirect carbon emissions, associated with producing the
energy products which we sell, but also our customers’ emissions from their use of the energy
products that we sell, by 20% in 2035 and by 50% in 2050.
Also, in this press release we may refer to “Shell’s net carbon footprint”, which includes Shell’s
carbon emissions from the production of our energy products, our suppliers’ carbon emissions in
supplying energy for that production and our customers’ carbon emissions associated with their
use of the energy products we sell. Shell only controls its own emissions but, to support society
in achieving the Paris Agreement goals, we aim to help and influence such suppliers and
consumers to likewise lower their emissions. The use of the terminology “Shell’s net carbon
footprint” is for convenience only and not intended to suggest these emissions are those of Shell
or its subsidiaries.
Apr 24, 2018
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final
investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a
forward-looking, break-even price estimated to be less than $35 per barrel. This decision sets in
motion the construction and fabrication of a new, simplified host design and subsea
infrastructure.
Vito will be Shell’s 11th deep-water host in the Gulf of Mexico. The Vito development is
owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P Inc. (36.89%); the
field is located beneath more than 4,000 feet of water, approximately 150-miles southeast
of New Orleans.
Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent
(boe) per day, which represents a significant contribution to our continued growth in the Gulf of
Mexico. The development currently has an estimated, recoverable resource of 300 million boe.
“With a lower-cost developmental approach, the Vito project is a very competitive and attractive
opportunity industry-wide,” said Andy Brown, Shell Upstream Director. “Our ability to advance
this world-class resource is a testament to the skill and ingenuity of our development,
engineering and drilling teams.”
In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70%
from the original concept. Vito’s cost savings are due to the simplified design, in addition to
working collaboratively with vendors in a variety of areas including well design and completions,
subsea, contracting, and topsides design.
The Vito development is owned by Shell Offshore Inc. (63.11% operator) and Statoil USA E&P
Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-
miles southeast of New Orleans.
With 40-years of Shell leadership in deep water, Vito will be Shell’s 11th deep-water host in the
Gulf of Mexico and is currently scheduled to begin producing oil in 2021. With global production
progressing to more than 900,000 boe per day, Shell has deep-water projects and opportunities
in the U.S., Brazil, Nigeria, Malaysia, and Mexico.
Editor’s Note:
▪ Located over four blocks in the Mississippi Canyon area of the Gulf of Mexico, the Vito
development will consist of eight subsea wells with deep (18,000 feet) in-well gas lift.
▪ The forward-looking breakeven price presented above is calculated based on all forward-
looking costs associated from FID. Accordingly, this typically excludes exploration and
appraisal costs, lease bonuses, exploration seismic and exploration team overhead
costs. The forward-looking breakeven price is calculated based on our estimate of
resources volumes that are currently classified as 2p and 2c under the Society of
Petroleum Engineers’ Resource Classification System. As this project is expected to be
multi-decade producing, the less than $35 per barrel projection will not be reflected either
in earnings or cash flow in the next five years.
▪ The estimated peak production and current estimated recoverable resources presented
above are 100% total gross figures.
https://youtu.be/4azNkl6S2Eo
Pivotal moments in the offshore business

Read the transcript
Duration: 1:28 minutes

Description: Pivotal moments in the offshore business.
[Background music plays]
Melodic instrumental music featuring strings.
[Text displays]
Kurt Shallenberger
Vito Project Manager
[Kurt Shallenberger]
In the offshore business there are pivotal moments: Cognac, Bullwinkle, Auger, Perdida. All
ground-breaking moving deep water. Vito is another pivotal moment but not about going deeper
but making it affordable and repeatable.
[Video footage]
View over the sea at Sunrise. In the foreground the hook of a crane rises. Aerial views of
different drilling platforms at sea. Closer shot of part of drilling platform with sign on side with
AUGER in large red letters. Close up side view of Kurt Shallenberger talking. Artist’s impression
of drilling platform in yellow against a vivid blue sky. Front view of Kurt Shallenberger facing
camera talking about Vito.
[Text displays]
Edwin Verdonk
Vice President of Venture Development
[Edwin Verdonk]
Vito is the first primary example of going for more and more competitive resilience.
[Video footage]
Side view of Edwin Verdonk talking about Vito. Shot changes to show a coastline map with New
Orleans pinned in red. An arrow moves from New Orleans to where Vito is to be sited 150 miles
South East of New Orleans.
Vito plays into deep water’s future by learning how to make the possible affordable.
[Video footage]
Front view of Kurt Shallenberger facing camera. Animated view of drilling platform being built.
[Text displays]
Wael Sawan
Executive Vice President, Deep Water
[Wael Sawan]
We’re not just competing with our history, we are competing with the best that the world has to
offer.
[Video footage]
Wael Sawan sits facing camera. A bank of monitors is behind him. Shot changes to a close-up,
side view of him. Animated diagram of drilling platform at sea level showing the depth the drills
go beneath water. Text displays next to diagram: VITO IS MORE THAN 4000 FT BELOW
SURFACE. Animated drawing showing a drilling platform being built.
[Text displays]
Eirik Sorgard
Vito Business Opportunity Manager
[Eirik Sorgard]
There is the philosophy that went into constructing it. This is the minimum scope that is required,
question ourselves have we added functionalities that we really don’t need, and also it is one of
those core beliefs that simpler is safer.
[Video footage]
Animated drawing showing a drilling platform being built. Side view, close-up of Eirik Sorgard
talking about the construction of Vito.
I’m very proud of the Vito family we’ve created. This team has the opportunity to take their
creativity and really be the pace-setters for what’s to come in deep water.
Video footage]
Close-up, side view of Kurt Shallenberger talking about the future of Vito.
[Eirik Sorgard]
For now we have a project that is robust, that we can execute and we can get on production by
2021.
Video footage]
Erik Sorgard, facing camera talking about Vito project. A shot of sun going down, reflected on
surface of sea.
[Audio]
Shell jingle
[Graphic]
Shell Pecten centred on a white background with text displaying below.
Enquiries
Investor Relations
Media Relations
US & Brazil: +1 832 337 4355
Apr 26, 2018
the first quarter of 2018 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
Royal Dutch Shell plc first quarter 2018 interim dividend announcement
Apr 26, 2018
On Thursday, April 26, 2018 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
released its first quarter results and first quarter interim dividend announcement for 2018.
Royal Dutch Shell plc first quarter 2018 results and webcast
Royal Dutch Shell plc first quarter 2018 interim dividend announcement
May 2, 2018
China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce
the official start-up of the second ethylene cracker at their Nanhai petrochemicals complex in
Huizhou, Guangdong Province, China.
Several linked derivative units have also started up and the remaining units will start up
progressively over the next few weeks. These new units were constructed by CNOOC and are
owned and operated by the existing CNOOC and Shell Petrochemical Company (CSPC) joint
venture.
The new ethylene cracker increases ethylene capacity at the complex by around 1.2 million
tonnes per year, more than doubling the capacity of the complex, and benefits from a deep
integration with adjacent CNOOC refineries. The new facility will also include a styrene monomer
and propylene oxide (SMPO) plant, which will be the largest in China when it begins operations.
“The start-up of the new ethylene cracker and derivatives units is a significant milestone for
Shell,” Graham van’t Hoff, Executive Vice President for Royal Dutch Shell plc’s global Chemicals
business, said. “I would like to thank our partner CNOOC for its excellent project delivery. As the
largest single-site ethylene complex in China, CSPC is key to Shell Chemicals’ growth
ambitions.”
He Zhongwen, Chairman and President of CNOOC Oil & Petrochemicals Co. Ltd, said: “The
expansion project demonstrates great synergies between CNOOC’s engineering, construction
and management capabilities, and Shell’s advanced technologies in chemicals. It has been
recognised by the government as a role model for major industrial projects in China. This shows
what we can achieve through effective international partnerships. We can now produce more and
better chemical products for the growing domestic market.”
The new complex utilises Shell’s proprietary OMEGA, SMPO and polyols technologies to
produce ethylene oxide, ethylene glycol, propylene oxide and high-quality polyols, as well as
advanced technologies for polyolefins, phenol and oxo-alcohols production. It is the first time that
Shell’s industry-leading OMEGA and advanced polyols technologies have been applied in China.
With a strong track record of reliable and safe operations, the petrochemicals complex produces
olefins and derivative products that are used in a wide range of industrial and consumer
products, including household appliances, cars, furniture and computers.
Enquiries
China: +86 10 65295185
Notes to Editors
The new cracker is world-scale, and adds more than 1 million tonnes per annum ethylene
capacity to produce high-value petrochemical products.
The complex benefits from deep integration with the adjacent CNOOC refineries. The expansion
enables further monetization of advantaged feedstock from nearby CNOOC refineries,
responding to the anticipated strong Chinese domestic demand in the long term.
About Shell in China
All of Shell’s core businesses have operations in China.
Shell has onshore and offshore gas and oil development projects in partnership with PetroChina
and CNOOC, both inside and outside China, which help to fuel the country’s fast-growing
economy.
Shell’s Downstream business in China consists of 11 joint ventures and eight wholly-owned
companies. Shell is one of the leading international lubricants providers, bitumen manufacturers
and marketers in China. Shell also has a large network of more than 1,300 petrol stations in the
country, operated through joint ventures and a wholly owned company. Shell has four lubricants
blending plants and one grease plant in the country.
Shell Energy (China) is a new addition to the Downstream businesses in China.
About CNOOC
China National Offshore Oil Corporation (CNOOC), the largest offshore oil & gas producer in
China.
The company was founded in 1982 and is headquartered in Beijing. After 30 years of reform and
development, CNOOC has become an international energy company with promising primary
businesses and a complete industrial chain, and its business covers more than 40 countries and
regions. The company has formed five main business segments: oil & gas exploration and
development, engineering and technical services, refining and marketing, natural gas and power
generation, and financial services.
CNOOC’s core operation areas are Bohai, Western South China Sea, Eastern South China Sea
and East China Sea in offshore China. Overseas, the Group has oil and gas assets in Asia,
Africa, North America, South America, Oceania and Europe.
About CSPC
CNOOC and Shell Petrochemicals Company Limited (CSPC) was established in 2000 and
began operations in 2006. It operates a world-scale petrochemical complex (known as Nanhai) in
the Daya Bay Economic and Technological Development Zone, Huizhou, Guangdong Province.
The joint-venture partners are Shell Nanhai B.V., a company within the Royal Dutch Shell
Group, with a 50% stake, and CNOOC Petrochemicals Investment Limited (CPIL), also with
50%. CPIL is owned by China National Offshore Oil Corporation (CNOOC) (94%)
and Guangdong Guangye Investment Group Company Limited (6%). CSPC has more than
2,100 employees.
CSPC has been implementing a strategy of sustainable development and delivering a
responsible care commitment in operating the complex, while striving to be the best
petrochemical company in China. It is a highly successful venture that has been a top performer
in health, safety, environment, reliability and operational excellence.
May 8, 2018
Royal Dutch Shell plc (“Shell”) announces an agreement to sell its entire stake in Canadian
Natural Resources Limited (“Canadian Natural”)
Shell’s subsidiary, Shell Gas B.V. (“SGBV”), has entered into an underwriting agreement with
Goldman Sachs & Co, RBC Capital Markets, Scotiabank and TD Securities, for the sale of
97,560,975 shares in Canadian Natural, representing its entire interest in Canadian Natural
resulting in total pre-tax proceeds of approximately $3.3 billion. Proceeds from the sale will
contribute to reducing net debt. The sale is expected to complete on May 9, 2018.
Enquiries
Linda Szymanski, Company Secretary
Investor Relations
Media Relations
Shell Canada Media Relations: [email protected]
US & Brazil: +1 832 337 4355
May 24, 2018
Shell Offshore, Inc. (“Shell”) today announced a large, deep-water, exploration discovery in the
Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).
Shell’s map of the Dover discovery
The Dover discovery is Shell’s sixth in the Norphlet and encountered more than 800 net feet of
pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host
and is considered an attractive potential tieback. Shell’s Appomattox host has now arrived on
location in the U.S. Gulf of Mexico and is expected to start production before the end of 2019.
“Dover showcases our expertise in discovering new, commercial resources in a heartland helping
deliver our deep water growth priority,” said Andy Brown, Upstream Director for Royal Dutch
Shell. “By focusing on near-field exploration opportunities in the Norphlet, we are adding to our
resource base in a prolific basin that will be anchored by the Appomattox development.”
Shell’s major, deep-water hubs are well positioned for production expansion through near-field
exploration and additional subsea tiebacks. The company expects its global, deep-water
production to exceed 900,000 barrels of oil equivalent per day by 2020, from already discovered,
established areas.
Shell’s Dover discovery was drilled by the Deepwater Poseidon, a new build rig, in the
U.S. Gulf of Mexico.
Editor’s notes
▪ The well was drilled in Mississippi Canyon Block 612, located approximately 170 miles
(273 kilometers) offshore southeast of New Orleans, in a water depth of 7,500 feet (2,280
meters) to a total vertical drilling depth of 29,000 feet (8,839 meters) measured depth.
▪ Appomattox host platform is owned by Shell (79%) and Nexen Petroleum Offshore USA
Inc. (21%).
Enquiries
Investor Relations
Media Relations
US & Brazil: +1 832 337 4355
May 31, 2018
Shell Canada Energy, PetroChina Kitimat LNG Partnership, Diamond LNG Canada Ltd. and
Kogas Canada LNG Ltd. today announced that Petroliam Nasional Berhad (“PETRONAS”) will
take an equity position in LNG Canada, located in Kitimat, British Columbia on the west coast of
Canada, through its wholly owned entity the North Montney LNG Limited Partnership (“NMLLP”),
subject to regulatory approvals and closing conditions.
As a result of this transaction, if approved and upon closing, ownership interests in LNG Canada
would be Shell Canada Energy, a subsidiary of Royal Dutch Shell plc (“Shell”), (40%);
PETRONAS (through NMLLP), (25%); PetroChina Kitimat LNG Partnership, a subsidiary of
PetroChina Canada Ltd., (15%); Diamond LNG Canada Ltd., a subsidiary of Mitsubishi
Corporation, (15%); and Kogas Canada LNG Ltd. (5%).
British Columbia (B.C.) is home to one of the largest and most accessible sources of natural gas
in the world. If constructed, LNG Canada participants will ship natural gas, including from B.C.’s
vast reserves, to various countries where the imported gas could displace more carbon intensive
energy sources, helping to reduce greenhouse gas emissions.
LNG Canada recently selected the joint venture of JGC Corporation (“JGC”) and Fluor
Corporation (“Fluor”) as the Engineering, Procurement and Construction (EPC) contractor for the
project and is currently finalising materials in preparation for a final investment decision (FID) by
joint venture participants.
The transaction announced today does not amount to an FID which remains pending. The timing
and outcome of an FID will be decided by joint venture participants based on global energy
markets, and the overall competitiveness and affordability of the project.
About LNG Canada

The LNG Canada joint venture is proposing to build a liquefied natural gas (LNG) export facility in
Kitimat, British Columbia, Canada, that would initially consist of two world-scale LNG processing
units, referred to as “trains”. The project would include an option to expand to four trains in the
future.
About the Joint Venture Participants

About Shell
Shell has been a pioneer in LNG for more than 50 years and is involved in every stage of the
LNG value chain: from finding the fields, extracting the gas and liquefying it; to shipping LNG and
turning it back into gas; to distributing it to customers. Shell has LNG supply projects around the
world, as well as interests in and long-term capacity access to regasification plants. Shell
Canada Energy is a wholly owned subsidiary of Royal Dutch Shell plc.
About PETRONAS
PETRONAS is a fully integrated energy company with extensive experience in LNG. Through its
wholly owned upstream energy company Progress Energy and its partners, PETRONAS is one
of the largest natural gas reserves owner in Canada – with the majority of these reserves in the
North Montney natural gas formation in northeast British Columbia. The North Montney LNG
Limited Partnership is a wholly-owned entity of PETRONAS.
About Mitsubishi Corporation

Mitsubishi Corporation is Japan’s largest trading company with more than 50% share of LNG
imported into Japan. Mitsubishi has been investing in LNG since 1969 and has an interest in 11
LNG export projects globally, many in conjunction with Shell. Diamond LNG Canada Ltd. is a
wholly owned subsidiary of Mitsubishi Corporation.
About PetroChina Canada Ltd.

PetroChina Kitimat LNG Partnership is a wholly owned subsidiary of PetroChina Canada Ltd., an
integrated oil and gas company, with interests in upstream, midstream and downstream
operations in Alberta and British Columbia. Founded in 2010, PetroChina Canada Ltd. is a wholly
owned subsidiary of PetroChina Company Limited, headquartered in Beijing, People’s Republic
of China.
About Kogas Canada LNG Ltd.

Kogas Canada LNG Ltd.is a wholly owned subsidiary of Korea Gas Corporation, which is Korea’s
only fully-integrated natural gas provider and one of the world’s largest LNG importers.
Enquiries
Media
Investor Relations
May 31, 2018
Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start
of production – around one-year ahead of schedule – at the first phase of Kaikias, an
economically resilient, subsea development in the US. Gulf of Mexico with estimated peak
production of 40,000 barrels of oil equivalent per day (boe/d).
Graphic schematic of Kaikias in the U.S. Gulf of Mexico
Shell has reduced costs by around 30% at this deep-water project since taking the investment
decision in early 2017, lowering the forward-looking, break-even price to less than $30 per barrel
of oil.
“We believe Kaikias is the most competitive subsea development in the Gulf of Mexico and a
prime example of the deep-water opportunities we’re able to advance with our technical expertise
and capital discipline,” said Andy Brown, Upstream Director, Royal Dutch Shell. “In addition to
accelerating production for Kaikias, we reduced costs with a simplified well design and the
incorporation of existing subsea and processing equipment.”
Kaikias is located in the prolific Mars-Ursa basin around 130 miles (210 kilometres) from the
Louisiana coast and is owned by Shell (80% working interest), as operator, and MOEX North
America LLC (20% working interest), a wholly owned subsidiary of Mitsui Oil Exploration Co.,
Ltd.
Royal Dutch Shell pioneered the deep-water industry 40 years ago. In the first quarter of 2018,
Shell deep water produced around 731,000 boe/d, globally. Over the past four years, the
company’s sharp focus on competitive growth has led to planned cuts of around 45% on average
for both global deep-water unit development and operating costs.
Editor's notes
▪ Cycle time from discovery to production for Kaikias phase one is less than four-years.
▪ The Kaikias development, located in around 4,500 feet (1,372 metres) of water, sends
production from its four wells to the Shell-operated (45%) Ursa hub, which is co-owned
by BP (23%), Exxon Mobil (16%), and ConocoPhillips (16%). From the Ursa hub,
volumes ultimately flow into the Mars oil pipeline.
▪ The forward-looking, break-even price presented above is calculated based on all
forward-looking costs associated from final investment decision. Accordingly, this
typically excludes exploration and appraisal costs, lease bonuses, exploration seismic
and exploration team overhead costs. The forward-looking, break-even price is
calculated based on our estimate of resources volumes that are currently classified as 2p
and 2c under the Society of Petroleum Engineers’ Resource Classification System. As
this project is expected to produce over multiple decades, the less than $30 per barrel
projection will not be reflected either in earnings or cash flow in the next five years.
▪ The direct unit operating costs exclude feasibility, research & development,
decommissioning & restoration and idle rig expense.
▪ The estimated peak production presented above are 100% total gross figures.
Enquiries
Investor Relations
Media Relations
US & Brazil: +1 832 337 4355
Jun 4, 2018
equivalent dividend payments in respect of the first quarter 2018 interim dividend, which was
announced on April 26, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinary share
(“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by May 25,
Share. Holders of B Shares who have validly submitted euro currency elections by May 25, 2018
will be entitled to a dividend of €0.4011 per B Share.
This dividend will be payable on June 18, 2018 to those members whose names were on the
Register of Members on May 11, 2018.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax
credit was abolished, and a tax free dividend allowance introduced, this was £5,000 for the
2016/17 and 2017/18 tax years and reduced to £2,000 for the 2018/19 tax year. Dividend income
in excess of the allowance is taxable at the following rates: 7.5% within the basic rate band;
32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.
advisor.

Enquiries:
Investor Relations:
Europe: + 31 (0) 70 377 4540
Media:
International: +44 (0) 207 934 5550
Americas: +1 832 337 4355
Jun 14, 2018
On Thursday July 26, 2018 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc will
release its second quarter results and second quarter interim dividend announcement for 2018.
These announcements will be available on https://www.shell.com/investor.
Webcast
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc will host a live audio webcast
of the second quarter 2018 results on Thursday July 26, 2018 at 12:30 BST (13:30 CEST / 07:30
EDT).
Second quarter 2018 results analysts webcast
Enquiries
Shell Media Relations: +44 (0)207 934 5550
Shell Investor Relations: +31 (0)70 377 4540 or +1 832 337 2034
Jun 20, 2018
Shell Gas Holdings (Malaysia) Limited, a subsidiary of Royal Dutch Shell plc, announced today
that it has completed the sale of its 15% shareholding in Malaysia LNG Tiga Sdn Bhd (MLNG
Tiga) to the Sarawak State Financial Secretary (SFS) for an agreed consideration of $750
million.
The transaction has an economic date of 1 September 2017 and the net final consideration paid
to Shell after adjustments for dividends the company received up to completion is approximately
$640 million. SFS is an existing MLNG Tiga shareholder and with completion of this transaction,
increased its shareholding in MLNG Tiga to 25%.
The other shareholders of MLNG Tiga are PETRONAS with 60% equity, Nippon Oil Finance
(Netherlands) B.V. with 10% equity, and Diamond Gas (Netherlands) B.V., a Mitsubishi
Corporation subsidiary with 5% equity. Malaysia LNG Sdn Bhd, a PETRONAS subsidiary,
operates MLNG Tiga as part of the larger PETRONAS LNG Complex in Bintulu.
This sale is consistent with Shell’s strategy to simplify its portfolio and reshape Shell into a
simpler, more resilient and focused company. Following the expiry of the MLNG Satu and Dua
joint venture agreements, MLNG Tiga was Shell’s only remaining interest in the PETRONAS
LNG complex. Completion of this sale demonstrates the clear momentum behind Shell’s delivery
of its global divestment programme.
Shell continues to have a strong business in Malaysia and remains committed to the country.
Enquiries:
Investor Relations
Media
Jun 20, 2018
Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with
OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for
$556* million (NOK 4,520 million).
The transaction is subject to regulatory approval and is expected to complete in Q4 2018. The
transaction’s expected effective date is 1 January 2018. Upon completion OKEA will become the
new operator of Draugen.
The decommissioning costs associated with the assets are currently estimated to be $120 million
after-tax (NOK 1,000 million); Shell will retain 80% of this liability up to an agreed cap and OKEA
will assume the remaining liability.
The Shell share of the assets’ production amounted to approximately 25 kboe/d in 2017,
representing about 14% of Shell’s Norwegian production in 2017.
“This deal is part of Shell’s global, value-driven $30bn divestment programme and is consistent
with our strategy to high-grade and simplify our portfolio”, said Andy Brown, Shell’s Upstream
Director. “Shell has a long and proud history in Norway. We continue to have strategic, long-term
positions in Troll and Ormen Lange and are actively seeking new growth opportunities.”
On completion, Draugen staff onshore and offshore are expected to transfer to OKEA with full
continuity of service.
“We are pleased to have found a buyer with an experienced leadership team and with a business
strategy that aligns very well with the opportunities offered by Draugen and Gjøa” said Rich
Denny, Managing Director of A/S Norske Shell. “We are happy that OKEA’s ambition is to uphold
and strengthen Draugen’s footprint in mid-Norway. They will also be welcoming transferring staff
in Kristiansund and Stavanger in order to leverage their substantial experience and competence
for the safe and efficient operation of Draugen in the future. This deal is a good strategic move
for both companies. Draugen has been a defining asset for Shell in Norway, and we are
confident it will prove to be similarly important to OKEA as a springboard in further developing
their operating capabilities on the Norwegian Continental Shelf.“
Shell remains committed to Norway, operating Ormen Lange and Knarr and partnering in Troll,
Valemon and Kvitebjørn. In addition, Shell is drilling two exploration wells on the Norwegian
continental shelf this year. A/S Norske Shell continues to be the Technical Service Provider of
the Nyhamna Gas Processing Plant, and partner in the Norwegian full-scale CCS project and
CCS test facility at Mongstad.
Notes to Editors:
The transaction comprises three key elements:
1. Cash consideration of $556 million (NOK 4,520 million),
2. A future payment by Shell to OKEA of $46 million (NOK 375 million) subject to CPI
indexation upon OKEA completing the decommissioning of the assets; and
3. Shell retaining 80% of the decommissioning liability of the two assets up to an after-tax
cap of $78 million (NOK 638 million) subject to CPI indexation.
The amounts in items (2) and (3) are undiscounted.
* The transaction is NOK denominated and all USD figures are based on a NOK/USD exchange
rate of 8.13 (published Norges Bank as of 15 June 2018). All amounts have been rounded to the
nearest million.
Enquiries:
Investor Relations
Media
Shell International Media Relations +44 (0) 20 7934 5550
Shell A/S Norske Communications +47 41 50 3540
Jun 21, 2018
Shell announced today that its affiliates, Shell Integrated Gas Thailand Pte Ltd and Thai Energy
Company Ltd, have completed the sale of their 22.2222% interest in the Bongkot field and
adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited
(PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a
transaction value of $750 million.
This sale, which consists of Shell’s stake in Blocks 15, 16 and 17 and Block G12/48, was
announced on 31 January 2018 and completion follows receipt of the necessary regulatory
approvals. PTTEP is the operator of Bongkot and with completion of this transaction, increased
its stake in Bongkot to 66.6667%. The remaining 33.3333% belongs to Total.
Completion of this deal shows the clear momentum behind Shell’s value-driven $30bn
divestment programme and is in line with Shell’s drive to simplify and refocus its portfolio,
reshaping the company into a world class investment.
This announcement has no impact on Shell’s other business interests in Thailand.
Enquiries:
Investor Relations
Media
Jul 23, 2018
Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production
Mauritania (C-19) B.V. (“Shell”) today signed two Production Sharing Contracts with the
government of Mauritania for the exploration and potential future production of hydrocarbons in
the offshore blocks C-10 and C-19.
“This move represents Shell’s entry into the West African Atlantic Margin exploration basin,
which has significant potential,” said Andy Brown, Shell’s Upstream Director. “We look forward to
working with the government and people of Mauritania as we bring our expertise and technical
capability to help develop the country’s emerging energy sector.”
The Mauritanian Minister of Oil, Energy and Mining, Mohamed Ould Abdel Vetah, said: “Shell’s
new entry in the Mauritania offshore area represents an important added value to the exploration
activities and will contribute to maintain the momentum for developing the energy sector in
Mauritania.”
Following the customary government approvals of the contracts, Shell will set up an office in
Nouakchott and begin exploration activities, starting with reprocessing and analysis of existing
seismic data and acquisition of new data.
Shell will operate the exploration programme with a 90 percent interest. Société Mauritanienne
des Hydrocarbures et de Patrimoine Minier, the national oil company of Mauritania, holds a 10
percent interest.
Additionally, Shell and the government of Mauritania have agreed in a Memorandum of
Understanding to jointly evaluate further offshore exploration opportunities, examine new ways of
meeting the country’s domestic energy needs, and build capability in the energy sector.
Enquiries:
+44 (0) 20 7934 5550
Investor Relations
+31 (0) 70 377 4540
Notes to Editors:
▪ Blocks C-10 and C-19 are located offshore Mauritania in water depths ranging from 20 to
2,000 metres. The total area of two blocks is approximately 23,675 square kilometres.
▪ The new block C-10 consists of three previous blocks – C-10, C-28 and C-29.
▪ Shell Exploration and Production Mauritania (C-19) B.V. has agreed with Chariot Oil &
Gas Investments (Mauritania) Limited, a wholly owned subsidiary of Chariot Oil & Gas
Limited (AIM: CHAR), a back in right for a working interest of between 10% to 20% equity
in the C-19 block at a future date, subject to the customary regulatory approval by the
Mauritanian Ministry of Petroleum, Energy and Mines.

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague
and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have
operations in more than 70 countries and territories with businesses including oil and gas
exploration and production; production and marketing of liquefied natural gas and gas to liquids;
manufacturing, marketing and shipping of oil products and chemicals and renewable energy
projects. For further information, visit www.shell.com.
Jul 26, 2018
the second quarter of 2018 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
Royal Dutch Shell plc second quarter 2018 interim dividend announcement
Jul 26, 2018
On Thursday July 26, 2018 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
released its second quarter results and second quarter interim dividend announcement for 2018.
Royal Dutch Shell plc second quarter 2018 results and webcast
Royal Dutch Shell plc second quarter 2018 interim dividend announcement
Jul 26, 2018
Royal Dutch Shell plc (the ‘company’) today announces the immediate start of a share buyback
programme in accordance with authority granted by shareholders at the company’s 2018 Annual
General Meeting1.
Chief Executive Officer Ben van Beurden commented: “Today we are taking another important
step towards the delivery of our world-class investment case, with the launch of a $25 billion
share buyback programme.
Our financial framework remains unchanged. Our free cash flow outlook and the progress we
have made to strengthen our balance sheet give us the confidence to start our share buyback
programme.
Our intention remains to buy back at least $25 billion of our shares over the period 2018-2020,
subject to further progress with debt reduction and oil price conditions.”
The maximum number of ordinary shares which may be purchased by the company under the
buyback programme is 834 million, which is the maximum pursuant to the authority granted by
shareholders at the company's 2018 Annual General Meeting1.
In the first tranche of this buyback programme (the ‘initial programme’) the company has entered
into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A
ordinary shares and/or B ordinary shares up to and including October 25, 2018. The aggregate
maximum consideration for the purchase of A ordinary shares and B ordinary shares under the
initial programme is $2 billion. The shares bought back under the initial programme will be
whichever of the A ordinary shares and/or B ordinary shares is economically the least expensive
on a given trading day.
The broker will make its trading decisions in relation to the company's securities independently of
the company. The initial programme will be carried out on the London Stock Exchange and/or on
CBOE Europe Equities and will be effected within certain pre-set parameters. It will be conducted
in accordance with the company's general authority to repurchase shares granted by its
shareholders at the company’s Annual General Meeting held on May 22, 20181, and in line with
Chapter 12 of the Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU dealing
with buyback programmes and the Commission Delegated Regulation (EU) 2016/1052.
The purpose of the initial programme is to reduce the issued share capital of the company to
offset the number of shares issued under the Scrip Dividend Programme and to significantly
reduce the equity issued in connection with the company’s combination with BG Group. All
shares repurchased as part of the initial programme will be cancelled.
Any further tranches of the buyback programme, which may be conducted after completion of the
initial programme, will be announced in due course.
1
The existing shareholder authority to buy back shares granted at the company's 2018 Annual
General Meeting expires at the earlier of the close of business on August 22, 2019, and the end
of the date of the company's 2019 Annual General Meeting. The company expects to seek
renewal of shareholder authority to buy back shares at subsequent Annual General Meetings.
Enquiries
Investor Relations
International + 31 (0) 70 377 4540
Media:
International +44 (0) 207 934 5550
USA +1 832 337 4355
Sep 3, 2018
equivalent dividend payments in respect of the second quarter 2018 interim dividend, which was
announced on July 26, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinary share
(“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by August 24,
Share. Holders of B Shares who have validly submitted euro currency elections by August 24,
This dividend will be payable on September 17, 2018 to those members whose names were on
the Register of Members on August 10, 2018.

advisor.
Enquiries
Investor Relations
Europe: + 31 70 377 4540
Media
Americas: +1 832 337 4355
Sep 17, 2018
Royal Dutch Shell plc (Shell) today announced a target to maintain methane emissions intensity
below 0.2% by 2025. This target covers all oil and gas assets for which Shell is the operator.
“This methane target complements Shell’s ambition to cut the Net Carbon Footprint of our energy
products by around half by 2050, which we announced in November 2017,” said Maarten
Wetselaar, Shell’s Integrated Gas & New Energies Director. “It is a further demonstration of our
continued focus on tackling greenhouse gas emissions. Such efforts are a critical part of Shell’s
strategy to thrive during the global energy transition by providing more and cleaner energy.”
To maintain this methane target, Shell is implementing programmes, including using infrared
cameras to scan for methane emissions, deploying advanced technology to repair leaks, and
replacing high-bleed pneumatically-operated controllers with low emission alternatives.
Shell recognises that there remains uncertainty with measuring methane emissions. “This is an
industry wide issue and we need to fix this fast,” said Mr Wetselaar. “We must get a much more
accurate understanding of how much we are emitting.”
The target for methane – which has a higher impact on global warming than carbon dioxide when
released into the atmosphere – will be measured against a baseline Shell leak rate, which is
currently estimated to range from 0.01% to 0.8% across the company’s oil and gas assets.
“Methane is a potent greenhouse gas, but it has a relatively short lifetime in the atmosphere.
That means reducing methane emissions brings immediate climate benefits, buying some time
while we work out longer term solutions,” said Mark Radka, Head of UN Environment’s Energy
and Climate Branch. “This commitment by Shell is encouraging in itself but also because of the
signals it sends to the rest of the industry.”
Shell is involved in a broad range of initiatives focused on reducing the emissions intensity of
methane throughout the full supply chain – from production to the final consumer. For example,
in 2017, Shell brought together industry, international institutions, non-governmental
organisations and academics to develop a set of Methane Guiding Principles, which focus on
continually working to reduce emissions of methane throughout the gas industry and have now
been signed by 16 companies.
Shell has been an active member of the World Bank-sponsored Global Gas Flaring Reduction
partnership since 2002. As part of the partnership, the World Bank has developed the Zero
Routine Flaring by 2030 initiative, which Shell signed in 2015. This encourages governments,
companies and development organisations to work together to end flaring.
For more information regarding Shell’s ongoing work to reduce emissions of methane, read
the Managing Methane Emissions section of our latest Sustainability Report.
International media enquiries: +44 207 934 5550
Investor Relations: + 31 70 377 4540
Methodology:
The intensity baseline and target are presented as percentage figures, which represent the
estimated amount of methane emissions for Shell’s operated gas and oil assets as a percentage
of the amount of the total gas and oil marketed. The methane emissions include those from
fugitives, venting and incomplete combustion, for example in flares and turbines.
Currently, methane emissions are calculated using a combination of standard emission factors
(established emissions rates per throughput or per piece of equipment) and actual measurement.
Increasingly, Shell sites are measuring emissions with infrared cameras and other detection
equipment. By 2025, all Shell operated assets will have implemented robust quantification
methodologies.
Methane target infographic
Disclaimer:
In this announcement we may refer to “Shell’s Net Carbon Footprint”, which includes Shell’s
consumers to likewise lower their emissions. The use of the terminology “Shell’s Net Carbon
Footprint” is for convenience only and not intended to suggest these emissions are those of Shell
or its subsidiaries.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are
separate legal 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 Royal
Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are
also used where no useful purpose is served by identifying the particular entity or entities.
‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to
entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and
unincorporated arrangements over which Shell has joint control are generally referred to as “joint
ventures” and “joint operations”, respectively. Entities over which Shell has significant influence
but neither control nor joint control are referred to as “associates”. The term “Shell interest” is
used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an
entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This announcement contains forward-looking statements (within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995) 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 “aim”,
“ambition’, ‘‘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 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 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. No assurance is provided that future
dividend payments will match or exceed previous dividend payments. All forward-looking
statements contained in this announcement 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, 2017 (available
at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all
forward-looking statements contained in this presentation and should be considered by the
reader. Each forward-looking statement speaks only as of the date of this announcement,
September 17, 2018. 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 announcement.
We may have used certain terms, such as resources, in this announcement that the 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
Sep 24, 2018
BP, Equinor, Shell and Total CEOs announce that they have agreed to join forces to create a
collaborative approach to human rights supplier assessments in the energy industry.
Participating companies recognise the importance of working with suppliers that respect human
rights, in line with the UN Guiding Principles on Business and Human Rights, including the
fundamental conventions of the International Labour Organization (ILO), and that care for their
people.
The objective of this initiative is to create an industry framework for human rights supplier
assessments. Results of conducted assessments will be shared with the participating companies
through an independent third party. Work is currently ongoing to establish the assessment
criteria and sharing mechanism.
The desired outcome is to make it easier and more efficient for suppliers to demonstrate how
they respect human rights and care for their people. The sharing mechanism across the
participating parties aims to support the improvement of working conditions in our companies’
supply chains.
As members of the UN Global Compact, BP, Equinor, Shell and Total, believe this initiative
supports the objectives of Sustainable Development Goal 8, which is to “promote sustained,
inclusive and sustainable economic growth, full and productive employment and decent work for
all”.
The initiative does not include collaboration on selection of suppliers, which continues to remain
the independent decision of each participant.
The four initiators of this collaboration - BP, Equinor, Shell and Total - invite other companies in
the industry to join.
Press contacts:
▪ BP: +44 (0)20 7496 4076, [email protected]
▪ Equinor: Bård Glad Pedersen, +47 91801791, [email protected]
▪ Shell: +31 70 377 8250, [email protected]
▪ Total: +33 1 47 44 46 99, @TotalPress, [email protected]
About BP:
BP is a global energy business, with operations in more than 70 countries. We explore for and
produce oil and gas, manufacture and market fuels, lubricants and petrochemicals, and have
interests in a range of lower carbon activities. BP employs over 74,000 people around the world,
has more than 18,000 retail sites worldwide and in 2017 produced an average of 3.6 million
barrels of oil equivalent oil and gas a day.
About Equinor:
Equinor is an international energy company present in more than 30 countries worldwide,
including several of the world’s most important oil and gas provinces. Founded in 1972 under the
name Den Norske Stats Oljeselskap AS—Statoil (the Norwegian State Oil company), we
changed our name to Equinor in 2018. Our headquarters are in Stavanger, Norway, and we have
over 20,000 employees.
About Royal Dutch Shell plc:
Royal Dutch Shell Plc is a global group of energy and petrochemical companies with an average
of 86,000 employees in more than 70 countries. We use advanced technologies and take an
innovative approach to help build a sustainable energy future. For further information,
visit www.shell.com
About Total:
Total is a global integrated energy producer and provider, a leading international oil and gas
company, a major player in low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and accessible to as many people
as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social and environmental benefits.
Sep 28, 2018
Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium
member Chevron Brasil Óleo & Gás Ltda (“Chevron”), today won a 35-year production sharing
contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell
will pay its share of the total signing bonus for the block, equating to approximately USD $390
million [R$ 1,562 billion].
“We are pleased to add another material, operated exploration position to our leading portfolio in
one of the world’s most prolific deep-water areas” said Andy Brown, Upstream Director, Royal
Dutch Shell. “We continue to grow an exciting and resilient Upstream business of long-term
competitive positions in our heartlands while maintaining strong, capital discipline.”
With the addition of the Saturno block (Shell 50% operating, Chevron 50%) won today at the Fifth
Pre-Salt Bid Round, Shell increases its total net acreage off the coast of Brazil to approximately
2.7 million acres. Shell will engage with Chevron to define specific plans for exploration drilling in
the area won today.
Shell is a major oil and gas producer in Brazil with a clear strategy to continue developing an
industry leading portfolio of pre-salt acreage through exploration. The company plans to drill the
Alto de Cabo Frio West and South Gato do Mato pre-salt fields in the Santos Basin next year and
is proceeding with seismic studies to mature two exploration blocks awarded earlier this year.
Since 2014, Shell has more than doubled its global, deep-water production and expects to
exceed 900,000 barrels of oil equivalent by 2020, coming from previously discovered areas in
Brazil, the U.S. Gulf of Mexico, Nigeria, and Malaysia. The company is also developing deep-
water, exploration plans for its acreage off the coast of Mexico, Mauritania, and in the Western
Black Sea.
INQUIRIES:
Investor Relations:
International: +31 (0) 70 377 4540
Media:
Shell International Media Relations: +44 (0) 207 934 5550
Oct 1, 2018
Shell CAPSA (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its
Downstream business in Argentina to Raízen for US$916 million in cash, subject to final price
adjustments.
The sale includes the Buenos Aires Refinery, around 665 retail stations, liquefied petroleum gas,
marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and
distribution activities in the country.
In addition, the companies acquired by Raízen will continue the relationships with Shell through
various commercial agreements. Completion of the sale follows an agreement announced in
April 2018.
Raízen, a joint venture set up in 2011 between Shell and Cosan, is a leading biofuels producer
and fuels distributor in Brazil, where it already manages around 6,400 Shell service stations.
This sale offers the opportunity to consolidate a regional partnership between Shell and Cosan,
and allows Shell to continue to benefit from Argentina’s growing downstream market. The Shell
brand will remain prominent in Argentina through a licensing agreement with Raízen, meaning
customers will continue to have access to high-quality, Shell-branded products and services.
The sale is consistent with Shell’s strategy to simplify its portfolio through a US$30 billion
divestment programme. It does not include Shell’s Upstream interests in the Vaca Muerta shale
formation. Shell sees substantial long-term growth potential in Argentina’s shale resources.
Notes to Editors:
▪ The total consideration to Shell is US$916 million. Shell received US$470 million by
closing and subject to final price adjustments, additional payments will be made by
December 2019.
▪ Raízen is a joint venture between Shell (50%) and Cosan (50%). It is the leading
producer of sugar, ethanol and bioenergy in Brazil, with 26 production units and 860,000
hectares of cultivated agricultural land, a network of around 6,400 Shell stations, 950
Shell Select convenience stores and more than 2,500 business customers. In Brazil,
Raízen is present in 68 airport supply bases and in 68 fuel distribution terminals and sells
around 25 billion litres of fuel for the transportation, industrial and retail segments.
Raízen’s current turnover is around US$24 billion a year.
▪ Raízen’s results are equity accounted for on Shell’s financial statements.
Enquiries
Media Relations
US: +1 832 337 4355
Investor Relations
Oct 2, 2018
Shell Canada Energy, an affiliate of Royal Dutch Shell plc (“Shell”), today announced it has taken
a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in
Kitimat, British Columbia, Canada, in which Shell has a 40% working interest. With LNG
Canada’s joint venture participants also having taken FID, construction will start immediately with
first LNG expected before the middle of the next decade.
▪ Analyst webcast
▪ Video message Maarten Wetselaar
Shell’s 40% share of the project’s capital cost is within the company’s current overall capital
investment guidance of US$25-$30 billion per year.
“We believe LNG Canada is the right project, in the right place, at the right time,” said Ben van
Beurden, Chief Executive Officer, Royal Dutch Shell. “Supplying natural gas over the coming
decades will be critical as the world transitions to a lower carbon energy system. Global LNG
demand is expected to double by 2035 compared with today, with much of this growth coming
from Asia where gas displaces coal. LNG Canada is well positioned to help Shell meet the
growing needs of customers at a time when we see an LNG supply shortage in our outlook. With
significant integration advantages from the upstream through to trading, LNG Canada is
expected to deliver Shell an integrated internal rate of return of some 13%, while the cash flow it
generates is expected to be significant, long life and resilient.”
“We believe LNG Canada is an attractive investment opportunity in a strong joint venture, with
companies that have deep LNG industry experience,” said Maarten Wetselaar, Integrated Gas
and New Energies Director, Royal Dutch Shell. “In the last two years, LNG Canada has improved
its competitiveness, reduced execution uncertainty and gained significant stakeholder support.
Together with our joint venture participants and contractors, we look forward to working with the
local community, First Nations, government and the LNG Canada team to build and operate this
game changing project for Canada’s energy industry.”
LNG Canada is a long life asset that will initially export LNG from two processing units or “trains”
totaling 14 million tonnes per annum (mtpa), with the potential to expand to four trains in the
future. It is advantaged by access to abundant, low-cost natural gas from British Columbia’s vast
resources and the relatively short shipping distance to North Asia, which is about 50% shorter
than from the US Gulf of Mexico and avoids the Panama Canal. The LNG export facility will be
constructed using proven industry technology on a large, partially developed industrial site with
an existing deep-water port, roads, rail and power supplies.
The project was planned and designed by working closely with local communities, First Nations
and governments to ensure sustainable development was considered in every aspect of the
project. For example, the project has been designed to achieve the lowest carbon intensity of any
LNG project in operation today, aided by the partial use of hydropower.
Webcast
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc and Maarten Wetselaar, Integrated
Gas & New Energies Director, hosted a live audio webcast on Tuesday October 2, 2018 about
the final investment decision on LNG Canada.
Access the archived webcast

▪ Webcast presentation slides
▪ Webcast transcript
Editor’s Notes
▪ LNG Canada is a joint venture comprised of Shell Canada Energy (40%), an affiliate of
Royal Dutch Shell plc, and PETRONAS, through its wholly-owned entity, the North
Montney LNG Limited Partnership (25%); PetroChina Canada Ltd., a subsidiary of
PetroChina Company Limited (15%); Diamond LNG Canada Ltd., a subsidiary of
Mitsubishi Corporation (15%); and Korea Gas Corporation, through its wholly owned
subsidiary Kogas Canada LNG Ltd. (5%). It is operated through LNG Canada
Development Inc.
▪ The cost to deliver LNG into Asia is expected to be structurally advantaged compared to
a greenfield development on the US Gulf coast.
▪ Each joint venture participant will be responsible for providing its own natural gas supply
and will individually offtake and market its own LNG. Shell’s Groundbirch asset in
Northeast British Columbia can provide the majority of Shell’s equity share of natural gas
or Shell will buy gas from the market, depending on which option provides the most
value.
▪ TransCanada Corporation will build, own and operate the Coastal GasLink pipeline that
will be built to connect upstream gas supply to the LNG Canada plant. TransCanada has
more than 65 years of experience as a pipeline owner and operator with over 90,000
kilometres of installed gas pipelines in North America.
▪ The joint venture of JGC-Fluor Corporation has been selected as the project’s
engineering, procurement and construction (EPC) contractor and brings extensive
experience. JGC has delivered 48 LNG trains globally, and Fluor has 60 years of
construction experience on complex hydrocarbon projects in Canada.
▪ The LNG Canada plant will be constructed under a single EPC lump-sum contract at an
estimated cost of some US$1,000 per tonne of LNG.
▪ The construction will be a modular LNG train design using proven technology and built in
Asian yards with recent experience delivering LNG modules on budget and on schedule.
▪ The project has a 40-year export license in place and all major environmental permits are
in place for the plant and the pipeline.
▪ Internal rate of return is defined as the discount factor that will result in a NPV=0 for all
future cash flows from trading, midstream and upstream at a real terms 2018 LNG price
of US$8.50 per million British thermal units (mmbtu) Tokyo delivered ex ship (DES).
Video from Maarten Wetselaar, Integrated Gas & New Energies Director
https://youtu.be/Y-Zra6Ag2fE
Shell LNG Canada | Shell gives green light to invest in LNG Canada
Read the transcript
Accessibility transcript will follow.
Enquiries
Media
Investor Relations
International: +31 (0) 70 377 4540
Oct 8, 2018
On Thursday November 1, 2018 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell
plc will release its third quarter results and third quarter interim dividend announcement for 2018.
These announcements will be available on http://www.shell.com/investors.
Webcast
Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc will host a live audio webcast of the
third quarter 2018 results on Thursday November 1, 2018 at 13:30 GMT (14:30 CET / 09:30
EDT).
Third quarter 2018 results analyst webcast
Enquiries
Oct 17, 2018
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached
an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in
Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion.
SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the
Danish Underground Consortium (DUC).
The sale is subject to regulatory approval and expected to be completed in 2019. The
transaction’s effective date is 1 January 2017.
Andy Brown, Shell’s Upstream Director, said: ‘’Today’s announcement is consistent with Shell’s
strategy to simplify its portfolio through a $30 billion divestment programme, and contributes to
our goal of reshaping the company into a world class investment case.’’
As part of the agreement, Noreco will assume all of Shell’s existing commitments and
obligations, including the Tyra redevelopment and the decommissioning costs associated with
the assets.
The sale represents production of some 67,000 boe/d (Shell share) in 2017. Under the
agreement, Shell Trading and Supply and Shell Energy Europe Limited will continue to have oil
and gas lifting rights from the SOGU assets for a period after completion.
The transaction is a share sale which means that, upon completion, local SOGU staff primarily
dedicated to DUC will continue to be employed by their current entity, which will be owned by
Noreco at completion.
“We are very proud and grateful to have been part of the Danish Underground Consortium since
its inception five decades ago’’ said Shell’s Country Chair, Lee Hodder. ‘’The DUC continues to
provide material tax revenues, jobs and energy security to Denmark, and the Tyra
redevelopment will ensure that this will be the case for decades to come. I would like to pay
tribute to the staff, stakeholders, partners and authorities who have contributed.’’
This transaction has no direct impact on Shell’s other businesses in Denmark. Following
completion, Shell will retain a Downstream presence in Denmark through A/S Dansk Shell, which
includes the Fredericia refinery. The network of Shell-branded retail stations in Denmark
continues to be operated by DCC. Shell will continue to evaluate options to grow new business in
Denmark if relevant opportunities present themselves.
Notes to Editors:
▪ The transaction is an agreement by Shell Overseas Holdings Limited with Altinex AS, a
subsidiary of the Norwegian Energy Company ASA (Noreco).
▪ The transaction includes a 100% interest in Shell Olie-Og Gasudvinding Denmark
Pipelines ApS (“SOGUP”) held by SOGU. SOGUP owns a proportionate interest in the
Tyra West – F3 gas pipeline.
▪ The transaction includes mechanisms to adjust the consideration for actual over-or
underproduction above or below certain thresholds.
Enquiries:
Investor Relations
Media
Shell Denmark Media Spokesperson: +45 50 82 23 56
Oct 24, 2018
New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos
Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and
consortium partners, announces that the FPSO P-69 is now producing.
The FPSO P-69 is a standardized production vessel offshore Brazil with a capacity for
150,000 barrels of oil and 6 million cubic meters of natural gas a day.
Operated by Petrobras, P-69 is a standardized vessel that can process up to 150,000 barrels of
oil and 6 million cubic meters of natural gas daily. It will ramp up production through eight
producing and seven injection wells.
“The Brazilian pre-salt fields are some of the best deep-water provinces in the world,” said Andy
Brown, Upstream Director for Shell. “With significant flow rates, deep-water Brazil projects are
breaking even under $40 per barrel. We commend Petrobras on this production milestone, and
we look forward to progressing additional development plans with our consortium partners as
well as for our recently-acquired, deep-water Brazil blocks.”
Following Lula Extreme South, the next FPSO is P-67 for Lula North. The Libra product sharing
agreement continues to progress with an extended well test as well as the Mero 1 FPSO, and
additional FPSOs are planned. Shell also has development drilling planned for its operated, Gato
do Mato South field in 2019.
Shell has a 25 percent stake in the Lula consortium, operated by Petrobras (65 percent). Galp,
through its subsidiary Petrogal Brasil, holds the remaining 10 percent interest.
Editor’s notes
▪ P-69 is Shell’s 14th deep water FPSO in Brazil, which includes FPSOs in the pre-Salt
Campos and Santos Basin. Shell operates the BC-10 and Bijupira & Salema FPSOs.
▪ Shell’s interest in the Lula field is subject to unitization agreements.
▪ Shell’s deep water business produces approximately 740 thousand barrels of oil
equivalent per day (boe/d) and is expected to reach approximately 900 thousand boe/d
by 2020 from already discovered, established areas.
▪ Recent bid rounds offer Shell significant potential for additional deep-water discoveries,
bringing the company’s total operated presence offshore Brazil to 27 concessions and
approximately 2.7 million acres.
▪ The forward-looking breakeven price presented above is calculated based on all forward-
looking costs associated from FID. Accordingly, this typically excludes exploration and
appraisal costs, lease bonuses, exploration seismic and exploration team overhead
costs. The forward-looking breakeven price is calculated based on our estimate of
resources volumes that are currently classified as 2p and 2c under the Society of
Petroleum Engineers’ Resource Classification System. As this project is expected to be
multi-decade producing, the less than $40 per barrel projection will not be reflected either
in earnings or cash flow in the next five years.
Enquiries
Investor Relations
Media
Nov 1, 2018
On Thursday November 1, 2018 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell
plc released its third quarter results and third quarter interim dividend announcement for 2018.
Royal Dutch Shell plc third quarter 2018 results and webcast
Royal Dutch Shell plc third quarter 2018 interim dividend announcement
Nov 1, 2018
the third quarter of 2018 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
Royal Dutch Shell plc third quarter 2018 interim dividend announcement
Nov 1, 2018
The Board of Royal Dutch Shell plc today announced the intended timetable for the 2019
quarterly interim dividends.
Royal Dutch Shell plc 2019 interim dividend timetable

Nov 1, 2018
Royal Dutch Shell plc (the ‘company’) today announces the commencement of trading in the
second tranche of its share buyback programme previously announced on July 26, 2018. The
company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to
further progress with debt reduction and oil price conditions.
On October 19, 2018 the company completed the first tranche of its share buyback programme
(the ‘initial tranche’). In aggregate between July 26, 2018 and October 19, 2018, the company
repurchased 60,844,806 A ordinary shares for an aggregate consideration of $2 billion.
The maximum number of ordinary shares which may be purchased by the company under the
second tranche of its share buyback programme (the ‘second tranche’) is 773,155,194, which is
the maximum pursuant to the authority granted by shareholders at the company's 2018 Annual
General Meeting[1] minus the number of ordinary shares purchased in the initial tranche.
In the second tranche, the company has entered into an irrevocable, non-discretionary
arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares
for a period up to and including January 28, 2019. The aggregate maximum consideration for the
purchase of A ordinary shares and/or B ordinary shares under the second tranche is $2.5 billion.
The shares bought back under the second tranche will be whichever of the A ordinary shares
and/or B ordinary shares is economically the least expensive on a given trading day.
The broker will make its trading decisions in relation to the company's securities independently of
the company. The second tranche will be carried out on the London Stock Exchange and/or on
CBOE Europe Equities and will be effected within certain pre-set parameters. It will be conducted
in accordance with the company's general authority to repurchase shares granted by its
shareholders at the company’s Annual General Meeting held on May 22, 20181, and in line with
Chapter 12 of the Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU dealing
with buyback programmes and the Commission Delegated Regulation (EU) 2016/1052.
The purpose of the second tranche is to reduce the issued share capital of the company to offset
the number of shares issued under the Scrip Dividend Programme and to significantly reduce the
equity issued in connection with the company’s combination with BG Group. All shares
repurchased as part of the second tranche will be cancelled.
Any further tranches of the buyback programme, which may be conducted after completion of the
second tranche, will be announced in due course.
[1]
The existing shareholder authority to buy back shares granted at the company's 2018 Annual General Meeting expires at the earlier of the
close of business on August 22, 2019, and the end of the date of the company's 2019 Annual General Meeting. The company expects to seek
renewal of shareholder authority to buy back shares at subsequent Annual General Meetings.
Contacts
Investor Relations
Media
USA: +1 832 337 4355
Nov 30, 2018
Shell and Nissan have officially launched their new Formula E partnership at a ceremony at the
Nissan Crossing in Tokyo. This is an exciting new partnership for Shell, which has been involved
in motorsports for more than a century.
The alliance with Nissan and the all-electric racing series will help Shell to further develop its new
energy and mobility solutions. Shell is partnering with Nissan because it shares Shell’s vision to
improve the driving experience for EV drivers, helping to make them more attractive to motorists.
As part of the newly developed partnership, Nissan and Shell plan to explore opportunities to
provide greater performance to the team in their ambition to win championships.
“We share Nissan and Formula E’s desire to deliver technological innovations from the racetrack
to the road, so all electric vehicle drivers can benefit from them,” Istvàn Kapitàny, Executive Vice
President Retail at Royal Dutch Shell said. “We are increasingly charging electric vehicles at
forecourts, homes and workplaces, while developing specialised lubricants for electric motors.
This partnership will help us to develop more and cleaner mobility solutions.”
Shell is exploring how best to serve an increasing number of electric vehicles drivers, both on
and beyond its forecourts. A growing number of our retail stations in the UK, the Netherlands and
China are offering the ‘Shell Recharge’ fast-charging service, which takes only around 30
minutes to fully charge an electric vehicle.
We also acquired NewMotion, one of Europe’s largest electric-vehicle charging providers, in

2017, and we are working with them to develop more flexible charging solutions.
In 2018, we began offering super-fast chargers that take around 10 minutes to charge the next-
generation of electric vehicles, making them up to three times faster than any other charger
currently available. Installing these high-powered fast chargers at 80 stations in Europe, in
partnership with charging network operator IONITY, will also help make electric vehicle drivers’
journeys more convenient and comfortable.
These initiatives are part of Shell’s wider drive to provide more and cleaner energy solutions
around the world.
Nov 30, 2018
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa fields in
Norway for 4,52 Billion NOK (~US$526 million*) to OKEA AS.
With the deal completion, Shell exits its 44.56% operated interest in the Draugen field and 12%
non-operated interest in the Gjøa field, representing approximately 14% of A/S Norske Shell’s
total production in 2017. 153 staff transfer from Shell to OKEA on their contracts of employment
and with full continuity of service.
“Today’s deal completion was achieved despite a tight timeline from the Sales and Purchase
Agreement in June 2018. It was made possible by good collaboration between Shell and OKEA
and with constructive dialogue with the Norwegian Authorities”, said Rich Denny, Managing
Director of A/S Norske Shell.
Shell remains committed to Norway, including as operator of Ormen Lange and Knarr and as
partner in Troll, Valemon and Kvitebjørn. A/S Norske Shell continues to be the Technical Service
Provider of the Nyhamna Gas Processing Plant, and partner in the Norwegian Full Scale CCS
project Northern Lights and CCS test facility at Mongstad.
This deal is part of Shell’s global, value-driven $30 billion divestment programme, and consistent
with the strategy to high-grade and simplify the portfolio.
* The transaction is NOK denominated and all USD figures are based on a NOK/USD exchange rate of 8.59 (updated with FX exchange rate
changes since the announcement in June). All amounts have been rounded.
Notes to Editors:
The transaction comprises three key elements:
1. Cash consideration of US$526 million* (NOK 4,520 million), as per exchange rate Nov
26.
2. A future payment by Shell to OKEA of US$43 million* (NOK 375 million) subject to CPI
indexation upon OKEA completing the decommissioning of the assets; and
3. Shell retaining 80% of the decommissioning liability of the two assets up to an after-tax
cap of US$ 74 million (NOK 638 million) subject to CPI indexation.
The amounts in items (2) and (3) are undiscounted.
Enquiries:
Investor Relations
Media
International Media Relations: +44 207 934 5550
Shell A/S Norske Communications:+47 93 612 222
Nov 30, 2018
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has
completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest
in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings
Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB).
Completion follows receipt of all necessary partner and regulatory consents and the transaction’s
effective date is 1 January 2017.
The transaction includes an initial consideration of $958 million (€840 million), interest of $54
million (€47 million), and additional payments of up to $285 million (€250 million) between 2018-
2025, subject to gas price and production. Completion of the deal represents Shell’s exit from the
upstream sector in Ireland.
The sale will contribute to Shell’s $30 billion divestment target for 2016-2018.
Shell Energy Europe Limited (SEEL) has signed an offtake agreement to purchase Corrib gas
following completion.
Shell retains a presence in Ireland through its aviation joint venture, Shell and Topaz Aviation
Ireland Limited.
Notes to Editors:
The transaction is Euro denominated and all dollar figures are based on a Euro / USD exchange
rate of 1.14.
Enquiries:
Investor Relations
Media
International Media Relations +44 207 934 5550
Dec 3, 2018
This joint statement has been developed between Royal Dutch Shell plc (Shell) and a leadership
group of institutional investors on behalf of the global investor initiative: Climate Action 100+ (CA
100+)1. The investor engagement with Shell has been led by Robeco and the Church of England
Pensions Board and included representatives of Eumedion (the Dutch platform for institutional
investors) and the European Institutional Investors Group on Climate Change (IIGCC)2. APG on
behalf of ABP, the Environment Agency Pension Fund (EAPF) and the Universities
Superannuation Scheme (USS) have also been active participants.
Introductory comments by the Institutional Investors:
As long-term institutional investors who manage retirement savings and investments for millions
of people, we believe climate change to be one of the greatest systemic risks facing society
today. We believe comprehensive and effective government policy is necessary to drive change
across the global economy. All parts of society have a role to play, not least energy-intensive,
publicly listed companies. Any gaps, weaknesses or delays in climate change policies and
responses will increase the risk to society’s ability to limit climate change to well below 2°C
above pre-industrial levels in accordance with the Paris Agreement on climate change. Failure to
act may also increase the cost of adaptation as well as the physical risk posed by climate change
to society and our investments.
In 2017, Shell was the first international oil and gas company to introduce an ambition to reduce
the Net Carbon Footprint of the energy products it sells, expressed as a carbon intensity
measure, taking into account their full lifecycle emissions. These include emissions from its own
operations, from the use of the energy products by its customers, as well as those generated by
third parties in its supply chains. In developing its Net Carbon Footprint ambition, we believe
Shell has taken a significant leadership position within the oil and gas sector. As investors, we
are strongly supportive of this approach.
We also note Shell’s other important actions on climate change such as convening the Methane
Guiding Principles, announcing a methane emissions intensity target, and the important role the
company has played in promoting the implementation of the Taskforce on Climate-related
Financial Disclosures (TCFD) recommendations, and in working with the Oil and Gas Preparers
Forum and the World Business Council for Sustainable Development (WBCSD) to strengthen the
sector’s response in this regard.
As institutional investors and in the context of the Climate Action 100+ initiative, we have
engaged with Shell to further build on its ground-breaking Net Carbon Footprint ambition by
setting short-term Net Carbon Footprint targets consistent with this ambition and integrating
these targets into executive remuneration.
As long-term investors, we share the desire of the Board and management of the company to
seek a positive future for the company which is aligned to the goals of the Paris Agreement on
climate change. This has been our motivation for this engagement.
Introductory comments by Shell:

Tackling climate change is a multi-generational challenge for society, including businesses,
governments and consumers. Shell fully supports the Paris Agreement and believes that society
has the scientific and technical knowledge to achieve a world where global warming is limited to
well below 2°C.
Shell recognises that it has an important role to play and intends to respond to society’s needs
for more and cleaner energy. Shell has three strategic ambitions:
▪ To provide a world-class investment case by growing free cash flow and increasing
returns, all built upon a strong financial framework and resilient portfolio;
▪ To thrive through the energy transition by providing the mix of products its customers
need as the energy system evolves; and
▪ To sustain its societal licence to operate by being a responsible energy company that
operates with care for people and the environment.
Investing in assets that will remain financially resilient in the energy system of the future is key to
delivering a world-class investment case to Shell’s investors. Shell aims to grow its business in
areas that will be essential in the energy transition, and where it sees growth in demand over the
next decades. Shell believes its Net Carbon Footprint ambition has positioned the company well
for the future as it underpins and enables the execution of all three of its strategic ambitions.
Shell appreciates the long-term relationship with its institutional investors and acknowledges the
positive role that can be played by ongoing engagement. The dialogue with, and input from,
investors has always been very constructive. Shell acknowledges and agrees with the
importance attached by its investors to the issue of climate change, and also agrees that Shell’s
future success is contingent on its ability to effectively navigate the risks and the opportunities
presented by climate change.
Joint Statement:
In light of the above, we, the Institutional Investors and Shell, are pleased to jointly announce the
steps below that Shell has decided to take in order to demonstrate further industry leadership
and alignment with the goals of the Paris Agreement on climate change. As Institutional
Investors, we are strongly supportive of the company in taking these important steps.
1. Public short-term Net Carbon Footprint targets

▪ Shell has stated a long-term ambition to reduce its Net Carbon Footprint associated with
the energy products it sells in step with society’s drive to meet the goals of the Paris
Agreement. Shell aims to reduce its Net Carbon Footprint by around half by 2050 and by
around 20% by 2035 as an interim step.
▪ To operationalise this long-term ambition, Shell will start setting specific Net Carbon
Footprint targets for shorter-term periods (three or five years). The target will be set each
year for the next three- or five-year period. The target setting process will start from 2020
and will run to 2050.
2. Targets linked to remuneration

▪ Taking into account the perspectives gained through its engagements with shareholders
and other relevant stakeholders, Shell will incorporate a link between energy transition
and long-term remuneration as part of its revised Remuneration Policy, which will be
subject to a shareholder vote at the 2020 Annual General Meeting (AGM).
▪ If approved at the AGM, the policy will include a Net Carbon Footprint-related measure,
as well as other measures, to have a balance of leading and lagging performance metrics
over a three-or five-year performance period. The measures for each performance period
will be set on an annual rolling basis at the time of the award and will be subject to the
annual remuneration target-setting process as well as to the final plan design. The
measures and targets will evolve as time progresses over the years to 2050.
▪ The final plan design is being discussed with shareholders, including details relating to
the appropriate remuneration structure and appropriate measures and metrics.
3. Review of progress
▪ On an annual basis, Shell will publish an update on its progress towards lowering its Net
Carbon Footprint. In the initial years, this disclosure will be made in the Sustainability
Report, but with a commitment, in line with TCFD best practice, to integrate this into the
Annual Report and Form 20-F as appropriate.
▪ Shell will seek third-party assurance of its reported Net Carbon Footprint and assurance
statements will be published on the Shell website. Shell will also continue to work closely
with reputable institutions, such as the Transition Pathway Initiative (TPI), to help in their
assessment of Shell's progress.
▪ Every five years, Shell will review the updated Nationally Determined Contributions
(NDCs) in line with the Paris Agreement mechanism, the updated scenarios on
decarbonisation trajectories and any other developments to assess societal progress in
the energy transition. The outcome of this review will be used to calibrate Shell’s ambition
and pace of change in line with that of society. The first such review is currently
anticipated to take place after 2022.
4. Alignment with the TCFD recommendations

▪ Shell has been an early supporter of the TCFD and will continue to support and promote
the implementation of respective recommendations.
▪ Shell will continue to disclose at relevant intervals in line with the TCFD
recommendations. This includes the disclosure of its metrics and targets used to assess
and manage relevant climate-related risks and opportunities where such information is
material.
▪ During Management Day 2017, Shell disclosed potential ranges of developments in parts
of its existing portfolio to achieve the NCF ambition. Shell will provide transparent and
relevant updates through future Shell Energy Transition reports (or any related
disclosure) as Shell’s strategy evolves.
5. Corporate climate lobbying

▪ Shell acknowledges the “IIGCC Investor Expectations on Corporate Climate Lobbying”
and recognises the importance of ensuring that its membership in relevant trade
associations does not undermine its support for the objectives of the Paris Agreement on
climate change.
▪ Shell is undertaking a review of these memberships to assess alignment with the

company’s stated positions. The result of this review will be made public in Q1 2019.
▪ Shell will continue to track and provide information about its trade association activities
on climate change-related topics, areas of misalignment and the actions taken in that
regard.
1 Climate
Action 100+
Climate Action 100+ is a five-year initiative led by investors to engage systemically important
greenhouse gas emitters and other companies across the global economy that have significant
opportunities to drive the clean energy transition and help achieve the goals of the Paris
Agreement. To date, 310 investors with more than USD $32 trillion in assets under
management have signed on to the initiative.
2
Institutional Investors Group on Climate Change (IIGCC)
The IIGCC is a network of nearly 150 members, including nine of the 10 largest pension funds
and asset managers in Europe, who represent over €21 Trillion in assets and take a pro-active
approach to managing risks and opportunities related to climate change. IIGCC offers
opportunities to deepen investor understanding of climate risks and opportunities to ensure that
these are reflected in investment practices which will preserve and enhance long-term
investment value.
Download this joint statement in PDF format:

Joint statement between institutional investors on behalf of Climate Action 100+ and
Royal Dutch Shell plc (Shell)
Shell Disclaimer:
separate legal entities. In this statement “Shell”, “Shell group” and “Royal Dutch Shell” are
Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also
used where no useful purpose is served by identifying the particular entity or entities.
Also, in this statement we may refer to “Net Carbon Footprint” or “NCF, which includes Shell’s
consumers to likewise lower their emissions. The use of the terminology “Net Carbon Footprint”
is for convenience only and not intended to suggest these emissions are those of Shell or its
subsidiaries.
This statement contains forward-looking statements (within the meaning of the U.S. Private
those expressed in the forward-looking statements included in this statement, 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
statements contained in this statement 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 20-F for the year ended December 31, 2017 (available
at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all
forward-looking statements contained in this statement and should be considered by the
reader. Each forward-looking statement speaks only as of the date of this statement, 3
December 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any
this statement.
Dec 3, 2018
Royal Dutch Shell plc (Shell) today announces plans to set short-term targets as part of a long-
term ambition to reduce the Net Carbon Footprint of its energy products. The company plans to
link these targets to executive remuneration, subject to shareholder approval.
Shell is announcing the plans in a joint statement developed with institutional investors on behalf
of Climate Action 100+, an initiative led by investors with more than $32 trillion in assets under
management.
“Meeting the challenge of tackling climate change requires unprecedented collaboration and this
is demonstrated by our engagements with investors,” said Shell Chief Executive Officer Ben van
Beurden. “We are taking important steps towards turning our Net Carbon Footprint ambition into
reality by setting shorter-term targets. This ambition positions the company well for the future and
seeks to ensure we thrive as the world works to meet the goals of the Paris Agreement on
climate change.”
In 2017, Shell was the first international oil and gas company to set the ambition to reduce the
Net Carbon Footprint of the energy products it sells, expressed as a measure of carbon intensity,
taking into account their full life-cycle emissions. Shell aims to reduce the Net Carbon Footprint
of its energy products by around half by 2050, and by around 20% by 2035, in step with society’s
drive to meet the goals of the Paris Agreement.
Today, Shell is building on that long-term ambition with the commitment to setting specific Net
Carbon Footprint targets for shorter periods, of three or five years. Shell will set the target each
year, for the following three- or five-year period. The target setting process will start from 2020
and will run to 2050.
Shell plans to link these targets and other measures to its executive remuneration policy. The
revised remuneration policy will be put to shareholders for approval at the company’s Annual
General Meeting in 2020.
The announcement is part of a drive to increase transparency around the topic of climate
change, and to create clear benchmarks for performance.
Shell will publish its progress towards lowering the Net Carbon Footprint of its energy products
initially in the Sustainability Report. In line with the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD), Shell intends to integrate this disclosure into the
Annual Report and Form 20-F as appropriate. The company will seek third-party assurance of
the reported Net Carbon Footprint.
“We applaud the joint statement by Shell and lead investors for Climate Action 100+,” said Anne
Simpson, the inaugural Chair of the Climate Action 100+ Steering Committee and Director of
Board Governance and Strategy at the California Public Employees’ Retirement System
(CalPERS). “The commitment by Shell to fully respond to the engagement shows the value of
dialogue and global partnership to deliver on the goals of the Paris Agreement on climate
change. Shell is setting the pace, and we look forward to other major companies following its
lead.”
Peter Ferket, Chief Investment Officer of Robeco, said: “When it comes to meeting the demands
of the Paris Agreement on climate change, we believe it is necessary to strengthen partnerships
between investors and their investee companies to accelerate progress towards reaching such
an ambitious common goal. This joint statement is an example of such a partnership. As
institutional investors in Shell we continue to support Shell on its journey in the energy transition,
aiming for other companies to follow suit.”
Speaking as the Co-lead of the Climate Action 100+ dialogue with Shell, Adam Matthews,
Director of Ethics and Engagement of the Church of England Pensions Board, and Board
Member of the Institutional Investors Group on Climate Change, said: “Investors like ourselves
will be able to track Shell’s performance through the Transition Pathway Initiative (TPI), an
independent academic tool at the London School of Economics which is supported by funds with
$11 trillion in assets.
“This joint statement is the first of its kind, sets a benchmark for the rest of the oil and gas sector
and shows the benefit of engagement - aligning institutional investors’ long-term interests with
Shell’s desire to be at the forefront of the energy transition.”
Notes to Editors:
▪ The full text of the joint statement is available
here: https://www.shell.com/media/news-and-media-releases/2018/joint-statement-
between-institutional-investors-on-behalf-of-climate-action-and-shell.html
▪ The joint statement was developed between Royal Dutch Shell plc (Shell) and a
leadership group of institutional investors on behalf of the global investor initiative:
Climate Action 100+. The investor engagement with Shell has been led by Robeco and
the Church of England Pensions Board and included representatives of Eumedion (the
Dutch platform for institutional investors) and the European Institutional Investors Group
on Climate Change (IIGCC). APG on behalf of ABP, the Environment Agency Pension
Fund (EAPF) and the Universities Superannuation Scheme (USS) have also been active
participants.
▪ Sacha Sadan, Director of Corporate Governance at Legal & General Investment
Management (LGIM), said: “LGIM very much welcomes this positive result from an open
dialogue between Shell and its shareholders in setting a target that’s in line with the
global Paris goal. The need to finance an orderly and successful transition to a low-
carbon economy is paramount and this shows our mutual commitment to make it a
reality.”
▪ Bill Galvin, Chief Executive Officer of the Universities Superannuation Scheme (USS),
said: “We are delighted that Shell has taken the lead and committed to the process to
steer the company’s transition to a low-carbon future. This outcome clearly demonstrates
the effectiveness of shareholders working together to engage constructively with
companies to achieve meaningful change. We look forward to continuing to work with
Shell to maintain this momentum, which is in the collective interest of all of us.”
▪ Emma Howard Boyd, Chair of the Environment Agency and Chair of the Environment
Agency Pension Fund Investment Committee, said: “The recent IPCC report has shown
that we have 12 years to step up and take action. As the world gathers at COP 24 in
Poland, we hope that this unique joint statement between institutional investors and an oil
and gas major, will inspire other leaders to take bold action. We would encourage the
rest of the sector to follow Shell’s lead.”
▪ Corien Wortmann, Chair of pension fund ABP, said: “This is an important step, as Shell's
management is making further progress towards contributing to meeting the Paris climate
goals. That Shell has now embedded its ambition in its remuneration policy offers
confidence that Shell is really committed to it. As long-term responsible investors and
shareholders in Shell, we will stay in discussion with the company and follow the
progress with interest. We hope that other companies will follow Shell.”
▪ The Archbishop of Canterbury, Justin Welby, said: “As Governments meet at the United
Nations climate negotiations in Poland, I am delighted to see a unique announcement on
climate change between investors and one of the largest companies in the world - Royal
Dutch Shell. This sets Shell on a path to reducing the Net Carbon Footprint of its energy
products. The reduction is supported by a clear framework of targets and transparent
reporting.
“I am pleased that the Church of England Pensions Board has worked in collaboration
with other investors Robeco, APG, the Environment Agency Pension Fund and USS, and
with the management of Shell. Together they have demonstrated to the world what is
possible when we focus our combined energy and creativity in dealing with one of the
most pressing issues facing humanity today.”
Enquiries:
Europe: +31 70 377 4540
Americas +1 832 337 4355
Dec 6, 2018
equivalent dividend payments in respect of the third quarter 2018 interim dividend, which was
announced on November 1, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinary
share (“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by November
30, 2018 will be entitled to a dividend of 36.77p per A Share.
Share. Holders of B Shares who have validly submitted euro currency elections by November 30,
This dividend will be payable on December 19, 2018 to those members whose names were on
the Register of Members on November 16, 2018.

advisor.
Enquiries
Investor Relations:
Europe: + 31 (0) 70 377 4540
Media:
International: +44 (0) 207 934 5550
Americas: +1 832 337 4355
Dec 18, 2018
On Thursday, January 31st 2019 at 07.00 GMT (08.00 CET and 02.00 EST) Royal Dutch Shell
plc will release its fourth quarter and full year results and fourth quarter interim dividend
announcement for 2018.
These announcements will be available on http://www.shell.com/investor.
Webcast
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc will host a live media video
webcast of the 2018 fourth quarter and full year results on Thursday January 31, 2019 at 14:00
GMT (15:00 CET / 09:00 EST).
Fourth quarter 2018 results analyst webcast
Enquiries
Dec 28, 2018
Royal Dutch Shell plc (Shell) has completed the sale of its shares in Shell entities in New
Zealand, to OMV for $578 million. This includes the Māui, Pohokura, and Tank Farm assets, and
the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was
subject to a separate agreement.
The sale is consistent with Shell’s global drive to simplify the upstream portfolio and re-shape the
company into a world class investment.
“We are proud of having worked in New Zealand for more than 100 years and completion of the
sale to OMV marks an important milestone in the company’s history,” said Zoe Yujnovich EVP,
Australia and New Zealand.
“Shell staff in New Zealand, past and present, have been key to building a successful New
Zealand business. I wish our colleagues all the very best as OMV takes the business forward.”
Employees of Shell Taranaki Limited and Shell NZ 2011 Limited are now part of OMV New
Zealand.
Enquiries:
Investor Relations
Media
Shell Australia Media Relations +61 417 007 344
International Media Relations +44 207 934 5550
separate legal entities. In this news release “Shell”, “Shell group” and “Royal Dutch Shell” are
Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also
used where no useful purpose is served by identifying the particular entity or entities.
‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this news release refer to
entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and
unincorporated arrangements over which Shell has joint control are generally referred to as “joint
ventures” and “joint operations”, respectively. Entities over which Shell has significant influence
but neither control nor joint control are referred to as “associates”. The term “Shell interest” is
used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an
entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This news release contains forward-looking statements (within the meaning of the U.S. Private
those expressed in the forward-looking statements included in this news release, including
(without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for
Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves
estimates; (f) loss of market share and industry competition; (g) environmental and physical risks;
(h) risks associated with the identification of suitable potential acquisition properties and targets,
and successful negotiation and completion of such transactions; (i) the risk of doing business in
statements contained in this news release are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section. Readers should not place undue
reliance on forward-looking statements. Additional risk factors that may affect future results are
contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2017 (available
at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all
forward looking statements contained in this news release and should be considered by the
reader. Each forward-looking statement speaks only as of the date of the announcement was
initially released. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any
this news release.
We may have used certain terms, such as resources, in this news release that United States
Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with
the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-
32575, available on the SEC website www.sec.gov.

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Jan 2, 2018

Shell Media Relations:

Shell International Media Relations

This announcement has no impact on Shell's other business interests in Thailand.

▪ International: +31 (0) 70 377 4540

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LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

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