Brand

#1preferred international oil company brand across 62 countries

Capital investment

$24 billion

continuing to invest for the future

Total shareholder return

30%

Cash flow from operating activities

$35.7 billion

at an average $54/bbl Brent oil price and highest amongst international oil company peers

Dividends announced

$1.88 per share

$3.76 per American depositary share (ADS)

Dividends Distributed

$15.6 billion

of which $4.8 billion settled under the Scrip Dividend Programme

2017 highlights

Investors’ highlights Royal Dutch Shell plc

Its definition and reconciliation can be found hereSource: IPSOS, Global Customer Tracker – Shell analysis

Its definition can be found here

CASH ENGINES GROWTH PRIORITIES EMERGING OPPORTUNITIES

Emerging cash engines

Affordable growth in advantaged positions

Free cash flow and ROACE pathway

Significant future value

Strategic balance

Managed exposure while establishing scale

Funds dividends and balance sheet

Competitive and resilient

Strong free cash flow and returns

CONVENTIONAL OIL & GAS

INTEGRATED GAS

OIL PRODUCTS

DEEP WATER

SHALES

CHEMICALS

NEW ENERGIES

Royal Dutch Shell plc (Shell) is an international energy company with expertise in the exploration, development, production, refining and marketing of oil and natural gas, as well as in the manufacturing and marketing of chemicals. Shell’s purpose is to power progress together with more and cleaner energy solutions.

OUR STRATEGIC AMBITIONSWe have set the following strategic ambitions:

■■ To provide a world-class investment case. This involves growing free cash flow and increasing returns and is built on a strong financial framework and resilient portfolio.

■■ To thrive in the energy transition.

■■ To sustain a strong societal license to operate through a shared value approach to our activities.

OUR PORTFOLIO AND PRIORITIESWe divide our portfolio into strategic themes, each with distinctive capabilities, growth strategies, risk management, capital allocation and expected returns.

Our intention is to be in fundamentally advantaged and resilient positions to drive an optimal free cash flow and returns profile over multiple timelines. We set our plans and goals on the basis of delivering sustained returns over decades.

We aim to leverage our diverse and global business portfolio and customer-focused businesses built around the strength of the Shell brand.

OUR OUTLOOKThrough our drive to create a world-class investment case by the end of the decade we intend to create higher, more predictable returns and growing free cash flow.

We maintain a “lower forever” approach to our cost management and will continue to closely control investment levels, while improving the quality of our portfolio through asset sales and new projects. We expect our annual organic and inorganic capital investment to remain between $25 billion and $30 billion until 2020. We believe we have already significantly high-graded our portfolio and will continue with an annual average outlook of at least $5 billion of divestments over the period 2019 to 2020. We remain on track to deliver new projects and will be highly selective on new investment decisions.

In step with society’s progress towards Paris, we have set a long-term ambition to reduce the net carbon footprint of our energy products (measured in grams of carbon-dioxide equivalent per megajoule consumed) by around 20% by 2035 and around 50% by 2050. This demonstrates leadership in the industry climate change debate.

We intend to reduce our debt, which increased as a result of the BG acquisition, and 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.

We see the potential for free cash flow, plus proceeds from the sale of interests in entities while retaining control, to reach $30-$35 billion, with return on average capital employed of around 10%, by the end of the decade, assuming $60 oil prices (2016 real terms). This potential represents a substantial transformation of the company over the next few years.

“We plan to continue showing leadership in the oil and gas industry while responding to society’s need for more and cleaner energy”Ben van BeurdenChief Executive Officer

Retail sites

44,000Shell-branded retail sites, visited by 30 million customers daily

Liquefied natural gas

66 million tonnes

of liquefied natural gas sold

Countries

70+we operate in

Production

3.7 million BOE/day

Approximately 50% Oil, 50% Gas

Employees

86,000Average number of full-time employees

R&D

$0.9 billion Investment in technology and innovation

Our strategy

Investment priorities and strategic intent

Today

By 2020

Facts

PROJECTS & TECHNOLOGIES Projects & Technology manages the delivery of our major projects and drives research and innovation to develop new technology solutions. It provides technical services and technology capability, and functional leadership in safety and environment, contracting and procurement, wells activities and greenhouse gas management.

Results

Dividend[A] $/share

A and B SharesA and B ADSs[B]

[A] Total announced in respect of the year. [B] RDS has an American Depositary Share (ADS) facility where eachADS is equivalent to two ordinary shares.

2016 2017201520140

1

2

3

4 3.763.76 3.76 3.76

1.881.88 1.88 1.88

10

20

30

40

Cash flow from operations excluding working capital movements[A]$ billion

+60%; +$14.5 billion

[A] Working capital movements in 2014, 2015, 2016, and 2017 (respectively): $6.405, $5.521, $(6.289) and $(3.158) (in billion).

Cash flow from operations excluding working capital movementsAverage Brent oil price ($/bbl)

2015 2016 201720140

99 52 44 54

Capital investment$ billion

ShellBG[A]

[A] Historical BG capital investment based on BG’s published Annual Reports.

Its definition and reconciliation can be found here.

30

20

10

40

50

0 2017 2018–20avg

201620152014

−$12 billion

Underlying operating expenses$ billion

[A] Historical BG operating expenses based on BG’s published Annual Reports.

Its definition and reconciliation can be found here.

ShellBG[A]

30

20

10

40

50

2016 2017 2018E20150 2014

−$6 billion

UPSTREAM Upstream is responsible for Shell’s conventional oil and gas businesses around the world, including deepwater as well as shale oil and gas. It explores for and recovers crude oil and natural gas, and develops major new projects.

INTEGRATED GAS & NEW ENERGIES Integrated Gas manages Shell’s manufacturing and distribution of liquefied natural gas (LNG) and gas-to-liquids products. It includes natural gas exploration and extraction and the operation of the upstream and midstream infrastructure necessary to deliver gas to market. The New Energies business pursues two main areas of opportunity. The first is new fuels for transport such as advanced biofuels, hydrogen, and charging for battery-electric vehicles. The second is power including low-carbon sources such as wind, solar, and natural gas.

DOWNSTREAM Downstream manages Shell’s refining and marketing activities for oil products which are sold around the world for domestic, industrial and transport use. It also produces and sells chemicals for industrial customers.

Business Overview

Royal Dutch Shell has a large business portfolio across a fully-integrated value chain.

“We are improving Shell’s competitiveness with a stronger focus on performance management, simplicity, and costs”Jessica UhlChief Financial Officer

CONVENTIONAL OIL & GAS, DEEP WATER, SHALES

INTEGRATED GAS, NEW ENERGIES

OIL PRODUCTS, CHEMICALS

About this publication

DEFINITIONS & CAUTIONARY NOTEDividend yield: Total dividends announced during the calendar year divided by average share price for the same calendar year.

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this document “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to 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 document 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.

Also, in this document 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.

This document 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 document, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward-looking statements contained in this document and should be considered by the reader. Each forward-looking statement speaks only as of the date of this document, August 27, 2018 update. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.

We may have used certain terms, such as resources, in this document that 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.

SHAREHOLDER RELATIONS

The Netherlands +31 (0)70 377 1365UK +44 (0)20 7934 3363royaldutchshell.shareholders@shell.comwww.shell.com/shareholder

SHARE REGISTRATION EQUINITI

UK 0800 169 1679International +44 (0)121 415 7073www.shareview.co.uk

INVESTOR RELATIONS

The Netherlands +31 (0)70 377 4540USA +1 832 337 2034ir-europe@shell.comir-usa@shell.comwww.shell.com/investor

AMERICAN DEPOSITARY SHARES (ADSs)

BNY Mellon Shareowner ServicesUSA +1 888 737 2377International +1 201 680 6825 shrrelations@cpushareownerservices.comwww.mybnymdr.com

Listing information[A]A shares B shares

Ticker symbol London RDSA RDSBTicker symbol Amsterdam RDSA RDSBTicker symbol New York (ADS[B]) RDS.A RDS.BISIN Code GB00B03MLX29 GB00B03MM408CUSIP G7690A100 G7690A118SEDOL Number London B03MLX2 B03MM40SEDOL Number Euronext B09CBL4 B09CBN6Weighting on FTSE as at 31/12/17 4.87% 5.79%Weighting on AEX as at 31/12/17 15.92% not included[A] Royal Dutch Shell has A shares and B shares. Click here for more information regarding the differences between the two. [B] Each A ADS represents two A shares of €0.07 each and each B ADS represents two B shares of €0.07 each.

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■■ Comprehensive financial information on our activities throughout 2017

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