Jessica Uhl, Chief Financial Officer of Royal Dutch Shell plc hosted a live audio webcast of the 2019 first quarter results on Thursday May 2, 2019.

1. Royal Dutch Shell May 2, 2019
Royal Dutch Shell plc
May 2, 2019
First quarter 2019 results
Delivering a world-class investment case
#makethefuture

2. Royal Dutch Shell May 2, 2019
Jessica Uhl
Chief Financial Officer
Royal Dutch Shell

3. Royal Dutch Shell May 2, 2019 3
Definitions &
cautionary note
Gearing is defined as net debt (current and noncurrent debt less cash and cash equivalents, adjusted for fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating
to debt, and associated collateral balances) as a percentage of total capital (net debt plus total equity). Free Cash Flow is defined as the sum of “Cash flow from operating activities” and “Cash flow from investing
activities”. Cash flow from operating activities excluding working capital movements is defined as “Cash flow from operating activities” less the sum of the following items in the Consolidated Statement of Cash
Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Organic free cash flow is defined as free cash flow excluding
inorganic capital investment (acquisitions; Q1 2019 4Q rolling amounting to $0.4 billion) and divestment proceeds (Q1 2019 4Q rolling amounting to $9.6 billion). ROACE on a CCS basis excluding identified
items is defined as the sum of CCS earnings excluding identified items for the current and previous three quarters, adjusted for after-tax interest expense, expressed as a percentage of the average capital
employed for the same period. The after-tax interest expense is calculated using the effective tax rate for the same period. Capital employed consists of total equity, current debt and non-current debt. Earnings on
a current cost of supplies basis (CCS earnings) is the income for the period, adjusted for the after-tax effect of oil-price changes on inventory. Basic CCS earnings per share is calculated by dividing CCS earnings
attributable to shareholders by the average number of shares outstanding over the year. Capital investment comprises Capital expenditure, Investments in joint ventures and associates and Investments in equity
securities, exploration expense excluding well write-offs, leases recognised in the period and other adjustments. Cash capital expenditure is introduced with effect from January 1, 2019, comprising the following
lines from the Consolidated Statement of Cash Flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Reconciliations of the above non-GAAP measures are
included in the Royal Dutch Shell plc Unaudited Condensed Interim Financial Report for three-month period ended March 31, 2019. Also, in this presentation 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.
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 presentation 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 presentation 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 presentation are expressly qualified in their entirety by the cautionary statements
contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F
for the year ended December 31, 2018 (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 presentation, May 2, 2019. 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 presentation. We may have used certain terms, such as resources, in this presentation 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.

4. Royal Dutch Shell May 2, 2019 4
Summary
Divestments: headline as per announcement.
Key messages
◼ Q1 2019
Strong results
Cash flow from operations excl. working capital movements of $12.1 billion
CCS earnings of $5.3 billion
Confidence in delivery of 2020 commitments
◼ Portfolio reshaping
Continued growth in Deep water, Conventional Oil & Gas, Retail
Further $2 billion divestments announced or completed in 2019
◼ Financial framework
Cash priorities, capital discipline unchanged
Next $2.75 billion tranche of share buybacks announced
Thrive in
the energy
transition
World-class
investment case
Strong
license
to operate

5. Royal Dutch Shell May 2, 2019
◼ Of which $3.4 billion organic free cash flow
Disciplined
cash
allocation
Cash
generation
5
Q1 2019
Financial
highlights:
summary
Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019).
Share buybacks: repurchases completed in Q1 2019, tranches announced do not align with quarters. Share buybacks subject to further progress with debt reduction and oil price conditions.
Q1 2019 average Brent
price: $63/bbl
Gearing
Share
buybacks
Capital
investment
◼ Strong cash generation across all businesses
◼ Negative impact of working capital movements ($3.5) billion
Cash flow
from operations
excluding
working capital
Free cash flow
EarningsReturns
◼ IFRS 16 lease recognition resulted in gearing increase by 4.6%
◼ Further negative impact from working capital movements
◼ 2019 capital investment of $25-30 billion (pre-IFRS 16)
◼ Next tranche of up to $2.75 billion announced
◼ Intention to purchase $25 billion by end of 2020
Cash capital
expenditure
$12.1 billion
$4.0 billion
$5.3 billion
26.5%
$2.3 billion
$6.7 billion
$5.6 billion
◼ Compared to capital investment excludes ~$1 billion leases
capitalised in Q1 2019 and $0.2 billion exploration expense
8.4%ROACE ◼ ROACE of 8.6% pre-IFRS 16 change
◼ Higher contributions from LNG optimisation and Downstream
◼ Strong Upstream contribution, mainly from US Gulf of Mexico

6. Royal Dutch Shell May 2, 2019 6
Competitive
performance
Competitive financial data as per company reports. CFFO excl. working capital corrected for interest received (in CFFI) and interest paid (CFFF) for RDS. ROACE according to new definition (updated as of Q1 2019). ROACE: European companies: CCS basis
excluding identified items (or equivalent), US companies: reported earnings excluding special non-operating items, adjusted for after-tax interest expense; Capital employed on gross debt basis, including lease liabilities.
$ billion
◼ Sector-leading cash generation
CFFO excl. working capital – 4 quarters rolling
%
Clean CCS ROACE – 4 quarters rolling
◼ Improving ROACE on clean CCS basis
Shell Peer group
0
10
20
30
40
50
16Q1 16Q3 17Q1 17Q3 18Q1 18Q3 19Q1
Thousands
0
2
4
6
8
10
16Q1 16Q3 17Q1 17Q3 18Q1 18Q3 19Q1

7. Royal Dutch Shell May 2, 2019
No harm
Good
products
Trusted
company
7
Strong societal
licence to
operate
Shell has a long
history of caring

8. Royal Dutch Shell May 2, 2019
◼ Retail growth – in last 2 quarters, 250 sites added in growth markets
◼ V-Power reach – 900 sites in China now offering V-Power
◼ Retail offers – new customer offers including nature-based solutions carbon offsets
◼ SASREF refinery – sale of Shell’s full equity interest (50%) to Saudi Aramco
8
Q3 2018
Other portfolio
developments
◼ P-67 FPSO – first production from Lula North in the Brazilian Santos Basin
◼ Basrah Gas Company – FID on growth programme; to increase capacity by 40%
◼ Blacktip – discovery in Deep water Gulf of Mexico with more than 400 feet of net oil pay
◼ Caesar-Tonga – sale of interest in Deep water Gulf of Mexico asset for $965 million
◼ Prelude – first condensate cargo loaded on 23 March 2019
◼ Greater Sunrise – completed sale of interest in Timor-Leste for $300 million consideration
◼ sonnen – 100% acquisition, a leader in smart energy storage systems and innovative
energy services for households
◼ Limejump – 100% acquisition, a UK-based energy technology company providing
optimised routes to market for customers with electricity generating or consuming assets
◼ Greenlots – 100% acquisition, a US-based leader in electric vehicle (EV) charging and
energy management software and solutions
Portfolio
highlights
Upstream and
Integrated Gas
Downstream
New Energies

9. Royal Dutch Shell May 2, 2019
SASREF refinery, Saudi Arabia
Portfolio rationalisation – SASREF refinery
9
Portfolio highlights
High-grading our
refinery portfolio
◼ Shell to sell its full 50% interest in the SASREF refining
joint venture to Saudi Aramco
◼ SASREF represents a long and successful collaboration
between Shell and Saudi Aramco
◼ Divestment is part of Shell’s drive to focus its refining
portfolio on sites closely integrated with trading hubs
and chemicals facilities
◼ Installation of two crude oil tanks at Bukom refinery
◼ Storage capacity increased by around 1.3 million
barrels of crude oil, offering flexible options leading
up to IMO2020
◼ Strengthens Bukom’s flexibility and enables further
supply and distribution optimisation, secures the best-
value crude for the refinery
Portfolio optimisation – Bukom refinery
Pulau Bukom refinery, Singapore

10. Royal Dutch Shell May 2, 2019
$ billion Q1 2018 Q1 2019
of which
IFRS 16 impact
Integrated Gas 2.4 2.6 +0.06
Upstream 1.6 1.7 +0.04
Downstream (CCS) 1.8 1.8 +0.04
Corporate &
non-controlling interest
(0.4) (0.8) -0.18
CCS earnings 5.4 5.3 -0.04
CCS earnings, $ per
share
0.65 0.65 -0.01
ROACE (%) 7.1 8.4 -0.2
Q1 2019
Financial
highlights:
earnings
Earnings and ROACE on CCS basis, excluding identified items. Graph: Individual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Prices and Margins +$0.2bln, Cost +$0.4bln, DD&A -$0.5bln, Interest -$0.2bln.
$ billion
Earnings Q1 2018 to Q1 2019
5.4 5.3
~0
0.2
0.2
0.4
~(0)
(0.2)
(0.7)
0
2
4
6
8
10

11. Royal Dutch Shell May 2, 2019
$ billion Q1 2018 Q1 2019
of which
IFRS 16 impact
Integrated Gas 2.6 4.2 +0.28
Upstream 3.6 5.3 +0.19
Downstream 3.1 (0.6) +0.45
Corporate 0.2 (0.3) +0.04
Cash flow from
operations 9.5 8.6 +0.95
Cash flow from
operations
excl. working capital
10.4 12.1 +0.81
Cash flow from
investing activities (4.3) (4.6) +0.12
Free cash flow 5.2 4.0 +1.07
Dividend (4.0) (3.9) -
Interest paid (0.9) (1.1) -0.28
Share buybacks - (2.3) -
11
Q1 2019
Financial
highlights:
cash flow
Dividend distributed to RDS shareholders.
$ billion
CFFO excl. working capital Q1 2018 to Q1 2019
10.4
12.1
0.9 0.3 0.3
~(0)
0.8
(0.5)
0
4
8
12
16

12. Royal Dutch Shell May 2, 2019
◼ $1.1 billion, due to higher CFFO and lower
CFFI
Disciplined
cash
allocation
Cash
generation
12
Q1 2019
Financial
highlights:
IFRS 16
Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019).
Share buybacks: repurchases completed in Q1 2019, tranches announced do not align with quarters. Share buybacks subject to further progress with debt reduction and oil price conditions.
Q1 2019 average Brent
price: $63/bbl
◼ Operating lease costs reported as depreciation
and interest; net negative impact of $43 million
- not material
Gearing
Share
buybacks
Capital
investment
$11.3 billion
◼ $0.8 billion, as lease payments now reported in
CFFF
◼ Increase in payables of $0.1 billion (affecting
working capital)
$2.9 billion
Cash flow
from operations
excluding
working capital
Free cash flow
Earnings $5.3 billionReturns
21.9% ◼ 4.6%, as $16.2 billion lease liabilities recorded
on balance sheet
$2.3 billion
$6.0 billion
◼ $0.7 billion to financial leases capitalized in the
quarter
Cash capital
expenditure
$12.1 billion
$4.0 billion
$5.3 billion
26.5%
$2.3 billion
$6.7 billion
$5.6 billion
Pre-IFRS 16Post-IFRS 16
◼ New performance measure; adds capital spend
transparency and allows visibility for underlying
capital costs excluding leases
8.4% 8.6%ROACE ◼ 0.2% on higher closing capital employed, partly
offset by higher after-tax interest

13. Royal Dutch Shell May 2, 2019 13
Summary
Divestments: headline as per announcement.
Key messages
◼ Q1 2019
Strong results
Cash flow from operations excl. working capital movements of $12.1 billion
CCS earnings of $5.3 billion
Confidence in delivery of 2020 commitments
◼ Portfolio reshaping
Continued growth in Deep water, Conventional Oil & Gas, Retail
Further $2 billion divestments announced or completed in 2019
◼ Financial framework
Cash priorities, capital discipline unchanged
Next $2.75 billion tranche of share buybacks announced
Thrive in
the energy
transition
World-class
investment case
Strong
license
to operate

14. Royal Dutch Shell May 2, 2019 14
Questions &
Answers
Jessica Uhl
Chief Financial Officer
Royal Dutch Shell May 2, 2019
Reminder of key dates:
◼ Annual General Meeting May 21, 2019
◼ Management Day 2019 June 4, 2019 London
June 5, 2019 New York
◼ Q2 2019 Results August 1, 2019

15. Royal Dutch Shell May 2, 2019

16. Royal Dutch Shell May 2, 2019
Outlook
Q2 2019
outlook
As of 2019, Salym (Russia) is reported within the Upstream segment. 2018 production: 62 kboe/d Shell share (97% liquids); 2018 net income: $0.1 billion.
Q2 2018 – Q2 2019 OUTLOOK: Year-ago baseline reflects Shell’s earnings seasonality
◼ Integrated Gas
◼ Production volumes: 10-50 thousand boe/d lower, mainly due to divestments, transfer of Salym into the Upstream
segment, partly offset by new field ramp-ups and lower maintenance activities
◼ LNG liquefaction volumes: expected to be at a similar level
◼ Upstream
◼ Production volumes: 150-200 thousand boe/d higher, mainly due to new field ramp-ups, lower maintenance activities
and transfer of Salym, partly offset by divestments and field decline
◼ Downstream
◼ Refinery availability expected to increase, as a result of lower maintenance activity
◼ Chemicals availability expected to decrease, as a result of higher maintenance activity
◼ Oil products sales volumes: 40-70 thousand boe/d lower, mainly as a result of the divestment in Argentina
2019 OUTLOOK:
◼ Corporate segment: net charge of $650-700 million in Q2, and $2.6-2.8 billion for the full year 2019 on a post-IFRS 16
basis, excluding the impact of currency exchange rate effects
16

17. Royal Dutch Shell May 2, 2019 17
Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019). Pricing assumption 2020: $60 per barrel real terms 2016, mid-cycle Downstream.
$ billion
-2
0
2
4
6
8
10
-5
0
5
10
15
20
25
2015 2016 2017 2018 19Q1
4QR
Earnings & ROACE
$ billion
-20
0
20
40
60
2015 2016 2017 2018 19Q1
4QR
Cash flow
$ billion
0
10
20
30
0
25
50
75
100
2015 2016 2017 2018 19Q1
Gearing
◼ 4Q rolling earnings of $21 billion,
negligible impact of IFRS 16
◼ ROACE decreased by 0.3% to 8.4%
compared to Q4 2018, in large part
driven by increased closing capital
employed balance due to IFRS 16
◼ $38 billion free cash flow 4Q rolling
◼ $29 billion organic free cash flow
◼ $1.1 billion help from IFRS 16
◼ On track to deliver 2019-2021
outlook
◼ Gearing increased to 26.5%, mostly
as effect of IFRS 16
◼ Excluding IFRS 16 net debt increased
by $4.7 billion, with gearing up from
20.3% in Q4 2018 to 21.9% in Q1
2019
Q1 2019 (4Q rolling)
average Brent price:
$70/bbl
% %
Upstream
ROACE (RHS)
Downstream
Integrated Gas Corporate + NCI
CFFO
CFFI
FCF
Net debt (at period end)
Gearing (RHS)
Q1 2019
Financial
highlights:
improving
year on year
IFRS 16 impact
Gearing pre-IFRS 16 (RHS)FCF pre-IFRS 16ROACE pre-IFRS 16 (RHS)

18. Royal Dutch Shell May 2, 2019
27
0
5
10
15
20
25
30
35
Q12019
4QR
Price
normalisation
Q12019
4QR,normalised
CFFOfrom
keyprojects
2019-2021
outlook
18
Outlook
Organic free
cash flow
2019-2021 outlook at $60 per barrel real terms 2016, mid-cycle Downstream. Organic free cash flow normalised to stable $60 per barrel real terms 2016 oil price environment in 2020, assuming no working capital or margining movements. Impact of IFRS 16
removed as 2019-2021 outlook provided pre-IFRS 16 implementation. Price effect between current Brent price and 2019-2021 outlook is indicative, calculated using rule-of-thumb.
$ billion
Organic free cash flow bridge to 2019-2021 outlook
◼ On track to deliver 2019-2021 outlook of
$25-30 billion organic free cash flow
◼ Normalised organic free cash flow excludes
effects of IFRS 16 and working capital
movements
◼ New projects provide free cash flow growth
◼ Compared to Q4 2018, normalised organic
free cash flow improved by ~$1 billion
25-30>5
(3)
~29
~24
Organic free cash flow
Working capital movement and IFRS 16 impact

19. Royal Dutch Shell May 2, 2019
Q1 2019
Prices & margins $/barrel
Shell oil & gas realisations
$/barrel
Industry refining margins
$/tonne
Industry chemicals margins
0
1
2
3
4
5
6
0
20
40
60
80
18Q1 18Q2 18Q3 18Q4 19Q1
0
3
6
9
12
15
18
18Q1 18Q2 18Q3 18Q4 19Q1
0
200
400
600
800
1000
18Q1 18Q2 18Q3 18Q4 19Q1
US ethane
Western Europe naphtha
NE/SE Asia naphtha
US West Coast
US Gulf Coast coking
Rotterdam complex
Singapore
Oil
Gas (RHS)
19
$/mscf

20. Royal Dutch Shell May 2, 2019
2.4
2.6
0.3
~0 0.2
0.1
(0.3) (0.1)
(0.1)
0
1
2
3
20
Q1 2019
Integrated Gas
results
$ billion
Earnings Q1 2018 to Q1 2019
Environment Choice
Earnings on CCS basis, excluding identified items. Individual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Prices & margins +$0.16bln, Cost +$0.04bln, DD&A -$0.14bln.

21. Royal Dutch Shell May 2, 2019
1.6
1.7
0.5
0.2
~0
(0.1)
(0.3) ~(0)
(0.1) ~(0)
0
1
2
3
21
Q1 2019
Upstream
results
$ billion
Earnings Q1 2018 to Q1 2019
Environment Choice
Earnings on CCS basis, excluding identified items. Individual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Cost +$0.14bln, DD&A -$0.10bln.

22. Royal Dutch Shell May 2, 2019
1.8 1.8
0.2
0.2 ~0
~(0)
(0.3)
~(0)
0
1
2
3
22
Q1 2019
Downstream
results
Earnings on CCS basis, excluding identified items. Individual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Refining & Trading margins +$0.08bln, Cost +$0.22bln, DD&A -$0.26bln.
$ billion
Earnings Q1 2018 to Q1 2019
$ billion
Earnings mix
0
5
10
2016 2017 2018 Q1 2019
4Q rolling
Marketing
Refining & Trading
Chemicals

23. Royal Dutch Shell May 2, 2019 23
IFRS 16
Impact on
financial metrics
Outlook for 2019
Key metrics change, no
business or value impact
Gearing
Operating
expenses
Segment
earnings
Free cash flow
~4%-5%
increase
◼ Full impact recognised in Q1 2019, in
line with guidance provided
~$2-3 billion
decrease
◼ Q1 2019 impact lower than outlook
◼ Full year impact expected at the lower end
of the range provided
~$1 billion
impact
~$4 billion
increase
◼ CFFO increase of $0.9 billion
◼ CFFI increase of $0.1 billion
◼ Fully offset by CFFF decrease
Outlook for 2019 as provided during the IFRS 16 update call on March 28, 2019.
4.6%
increase
$0.4 billion
decrease
$0.2 billion
impact
$1.1 billion
increase
Q1 2019 impact
◼ Business segments: $140 million
◼ Corporate: $(183) million
◼ Net impact: $(43) million
Capital
investment
Clean CCS
ROACE
~$1-2 billion
increase
~0.5%
decrease
◼ Partial impact recognized in Q1 2019
(higher closing capital employed, partly
offset by one quarter of increased interest
expense after tax)
$0.7 billion
increase
0.2%
decrease
◼ Q1 2019 impact due to finance leases
capitalised in the quarter
◼ Full year outlook unchanged

24. Royal Dutch Shell May 2, 2019 24
Projects
under
construction
[A] Direct and indirect share. [B] The Brazil accumulations are subject to unitisation agreements; production shown is FPSO oil capacity as per operator. [C] Fox Creek and Permian production represents Shell entitlement share of production and is the peak
production expected between 2017 and 2019. [D] Sierras Blancas and Cruz de Lorena at 90% Shell share, Coiron Amargo SO at 80% Shell share.
2019 Shell share:
▪ >300 kboe/d
2020+ Shell share:
▪ >350 kboe/d
▪ 5.6 mtpa LNG
▪ 1.5 mtpa ethylene
Start up Project Country
Shell
share [A]
%
Peak Production
100%
kboe/d
LNG capacity
100%
mtpa Products Theme
Shell
operated
2019 Appomattox United States 79 175  Deep water P
Berbigão and Sururu SW (P-68) [B] Brazil 25 150  Deep water
Forcados Yokri Integrated Project (FYIP) Nigeria 30 40  Conventional oil and gas P
Gumusut-Kakap Ph2 Malaysia 29 50  Deep water P
Permian + Fox Creek [C] United States & Canada various ~250  Shales P
Rabab Harweel Integrated Project Oman 34 35  Conventional oil and gas
Southern Swamp AG Nigeria 30 40  Conventional oil and gas P
Tempa Rossa Italy 25 50  Conventional oil and gas
WDDM 9B Egypt 50 52  Conventional oil and gas
2020+ Arran United Kingdom 45 30  Conventional oil and gas
Assa North Nigeria 30 60  Conventional oil and gas P
Atapu 1 (P-70) [B] Brazil 25 150  Deep water
TBD (P71) [B] Brazil 25 150  Deep water
Bakong / Gorek / Larak (SK408) Malaysia 30 75  Conventional oil and gas P
EA Further Development Nigeria 30 35  Conventional oil and gas
Gorgon backfill PhB1 Australia 25 maintain capacity  Integrated Gas
KBB Phase 2 Malaysia 30 60  Conventional oil and gas
LNG Canada T1-2 Canada 40 14  Integrated Gas
Mero 1 [B] Brazil 20 180  Deep water
Pegaga Malaysia 20 95  Conventional oil and gas
Penguins Redevelopment United Kingdom 50 45  Conventional oil and gas P
Pennsylvania cracker United States 100 1.5 mtpa C2  Chemicals P
Troll Ph3 Norway 8 255  Conventional oil and gas
Tyra Future Denmark 37 80  Conventional oil and gas
Vaca Muerta basin [D] Argentina ~90 ~70  Shales P
Vito United States 63 100  Deep water P

25. Royal Dutch Shell May 2, 2019 25
Pre-FID
options
[A] Direct and indirect share.
Shell share potential:
▪ ~1,000 kboe/d
▪ >24 mtpa LNG
Phase Project Country
Shell
share [A]
%
Peak Production
100%
kboe/d
LNG capacity
100%
mtpa Products Theme
Shell
operated
Define Bonga South West Nigeria 43 175  Deep water P
Gbaran Ph3 Nigeria 30 50  Conventional oil and gas P
Lake Charles LNG United States 50 16.8  Integrated Gas P
NLNG T7 Nigeria 26 7.4  Integrated Gas
Pierce Depressurisation United Kingdom 93 20  Conventional oil and gas P
Powernap United States 100 35  Deep water P
Prelude backfill Australia 82 maintain capacity  Integrated Gas P
Salym Southern Hub Russia 50 65  Conventional oil and gas
Uzu Development Nigeria 30 45  Conventional oil and gas P
Val d’Agri Future Development Italy 39 65  Conventional oil and gas
Assess/
Select
Abadi Indonesia 35 244 9.5  Integrated Gas
Afungi Mozambique 70 1.6 mtpa GTL  Integrated Gas P
Bonga Main Life Extension & Upgrade Nigeria 55 80  Deep water P
Bonga North Tranche 1 Nigeria 55 119  Deep water P
Browse Australia 27 TBD  Integrated Gas
Bukom upgrade Singapore 100 Gasoline  Oil Products P
Cambo United Kingdom 30 40  Conventional oil and gas
Clair South United Kingdom 28 60  Conventional oil and gas
Colibri Trinidad & Tobago 87 35  Integrated Gas P
Dover United States 100 TBD  Deep water P
Gato do Mato Brazil 80 99  Deep water P
Gorgon backfill PhB2 Australia 25 maintain capacity  Integrated Gas
Gorgon backfill PhB3/PhC1/PhC2 Australia 25 maintain capacity  Integrated Gas
(continues) Oman Integrated GTL Oman TBD TBD TBD  Integrated Gas P

26. Royal Dutch Shell May 2, 2019 26
Pre-FID
options
[A] Direct and indirect share. [B] The Brazil accumulations are subject to unitisation agreements; production shown is FPSO oil capacity as per operator.
Shell share potential:
▪ ~1,000 kboe/d
▪ >24 mtpa LNG
Phase Project Country
Shell
share [A]
%
Peak Production
100%
kboe/d
LNG capacity
100%
mtpa Products Theme
Shell
operated
Assess/
Select
(continued)
HA Development Nigeria 30 60  Conventional oil and gas P
HI Development Nigeria 40 75  Conventional oil and gas P
Jackdaw United Kingdom 74 40  Conventional oil and gas P
Jerun Malaysia 30 95  Conventional oil and gas
Kalamkas Kazakhstan 17 55  Conventional oil and gas
Kashagan CFP Kazakhstan 17 65  Conventional oil and gas
KGK Expansion Ph1 Kazakhstan 29 40  Conventional oil and gas
LNG Canada T3-4 Canada 40 14  Integrated Gas
Marjoram/Rosmari Malaysia 75 100  Conventional oil and gas P
Mero 2[B] Brazil 20 180  Deep water
Mero 3[B] Brazil 20 180  Deep water
Mero 4[B] Brazil 20 180  Deep water
Moerdijk NWE efficiency project The Netherlands 100 Ethylene  Chemicals P
Nebras Iraq TBD TBD  Chemicals TBD
Norco upgrade United States 100 Gasoline  Oil Products P
Okpokunou Cluster Development Nigeria 24 85  Conventional oil and gas P
Ormen Lange Phase 3 Norway 18 80  Conventional oil and gas P
Pearls Khazar Kazakhstan 55 40  Conventional oil and gas
QGC backfill (Arrow) Australia 50 maintain capacity  Integrated Gas
Sakhalin T3 Russia 28 5.4  Integrated Gas
Tanzania Tanzania 30 TBD 12  Integrated Gas P
Timi Malaysia 75 40  Conventional oil and gas
Whale United States 60 TBD  Deep water P

27. Royal Dutch Shell May 2, 2019