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(RDSB.L) Royal Dutch Shell PLC Buy/Sell
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| 09-11-09 | PRN |
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Royal Dutch Shell plc (the "Company") received notice on 8th November 2009 from Hans Wijers, a Non-executive Director of the Company, that on 5th November 2009 he purchased 5,000 Royal Dutch Shell A Ordinary shares at a price of Euro19,96 per share. His total current holding is now 5,000 Royal Dutch Shell A Ordinary shares. 9th November 2009
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| 04-11-09 | PRN |
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Royal Dutch Shell plc (the "Company") received notice on 3rd November 2009 from Lawrence Ricciardi, a Non-executive Director of the Company, that on 3rd November 2009 he purchased 5,000 Royal Dutch Shell A ADRs at a price of $59.70 per ADR. His total current holding is now 15,000 Royal Dutch Shell A ADRs. 4th November 2009
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| 03-11-09 | PRN |
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Royal Dutch Shell plc (the "Company") today received notice from Lord Kerr of Kinlochard, a non-executive Director of the Company, that he today purchased 1,000 Royal Dutch Shell B shares of Euro 0.07 each at a price of £17.63888 per share. His total current holding is now 15,000 Royal Dutch Shell plc B shares. 3rd November 2009
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| 30-10-09 | PRN |
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Voting Rights and Capital In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following: Royal Dutch Shell plc's capital consists of 3,545,663,973 A shares and 2,695,808,103 B shares, each with voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury. The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA's Disclosure and Transparency Rules.
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| 29-10-09 | PRN |
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Royal Dutch Shell plc - 2010 Interim Dividend Timetable The Board of Royal Dutch Shell plc today announced the intended timetable for the 2010 quarterly interim dividends. 2010 interim dividend timetable
2010
2010
2010 All dividend currency elections must be received the day before the announcement date. Please find the dividend timetable also on www.shell.com/dividend October 29, 2009 For more information please contact: Royal Dutch Shell plc Investor Relations
Europe: +31 70 377 4540 www.shell.com/investor
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| 29-10-09 | PRN |
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THIRD QUARTER 2009 INTERIM DIVIDEND The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend in respect of the third quarter of 2009 of US$0.42 per A and B ordinary share, an increase of 5% over the US dollar dividend for the same quarter last year. Dividends declared on A ordinary shares ("A shares") will be paid by default in euro, although holders of A shares will be able to elect to receive dividend in pounds sterling. Dividends declared on B ordinary shares ("B shares") will be paid by default in pounds sterling, although holders of B shares will be able to elect to receive dividend in euro. Dividends declared on American Depository Receipts ("ADRs") will be paid in US dollars. Details relating to the third quarter 2009 interim dividend This dividend will be payable on December 9, 2009 to those members whose names are on the Register of Members on November 6, 2009. The shares will become ex-dividend on November 4, 2009. It is expected that the dividends on the B shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell Group.
Dividends on A shares will be paid, by default, in euro at the rate of Euro0.2845 per A share. Holders of A shares who have validly submitted pounds sterling currency elections by October 28, 2009 will be entitled to a dividend of 25.65p per A share. Dividends on B shares will be paid, by default, in pounds sterling at the rate of 25.65p per B share. Holders of B shares who have validly submitted euro currency elections by October 28, 2009 will be entitled to a dividend of Euro 0.2845 per B share. Holders of A or B shares in ADR form will be entitled to a dividend of US$0.84 per ADR. Taxation Dividends on A shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Shareholders resident in the United Kingdom, receiving dividends on B shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area. The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third quarter 2009 interim dividend of US$0.42 (25.65p or Euro 0.2845) is US$0.05 (2.85p or Euro0.0316) per ordinary share and the dividend and tax credit together amount to US$0.47 (28.5p or Euro0.3161). Dividend reinvestment plan ABN AMRO Bank N.V. trading under the name RBS ("RBS") and Equiniti (formerly known as Lloyds TSB Registrars) each have established a dividend reinvestment facility which enables RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them. The dividend reinvestment plans (the "DRIPs") are provided by RBS in respect of shares held through Euroclear Nederland and by Equiniti in respect of all other shares (but not ADRs). DRIPs for the ADRs (both Class A ADRs and Class B ADRs) traded on the NYSE are available through The Bank of New York Mellon. Enquiries about the DRIPs, including how to elect to participate and information about the reinvestment mechanisms under the respective plans should, in the case of shareholders holding through Euroclear Nederland, be directed to their bank or broker and in the case of all other shareholders (other than holders of ADRs) to Equiniti. Enquiries relating to the DRIPs for ADRs (both Class A ADRs and Class B ADRs) should be made to The Bank of New York Mellon. October 29, 2009
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| 29-10-09 | PRN |
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3RD QUARTER 2009 UNAUDITED RESULTS * Royal Dutch Shell's third quarter 2009 earnings, on a current cost of supplies (CCS) basis, were $3.0 billion compared to $10.9 billion a year ago. Basic CCS earnings per share decreased by 72% versus the same quarter a year ago. * Cash flow from operating activities for the third quarter 2009 was $7.3 billion, and excluding net working capital movements, was $7.7 billion. * Net capital investment for the quarter was $7.4 billion. Total dividends paid to shareholders during the third quarter 2009 were $2.7 billion. * Gearing at the end of the third quarter 2009 was 13.7%. * A third quarter 2009 dividend has been announced of $0.42 per share, an increase of 5% over the US dollar dividend per share for the same period in 2008.
SUMMARY OF UNAUDITED RESULTS
Q3 Q2
1 Q3 on Q3 change Royal Dutch Shell Chief Executive Officer Peter Voser commented: "Our third quarter results were affected by the weak global economy. Upstream and Downstream profitability has been sharply reduced compared to year-ago levels. We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery. Despite Shell's good operating performance in this difficult environment, we have embarked on an ambitious programme of stringent measures to further improve our performance." "We continue to focus on improving our competitive cost position, simplifying Shell, and increasing personal accountabilities. The Transition 2009 programme, which I announced earlier this year, is progressing well, and will be completed by the end of 2009. Some 5,000 employees are leaving Shell as a result of these changes. This represents around a 10% reduction in employees in the redesigned divisions and corporate functions." "We have reduced operating costs by some $1.0 billion in the first nine months of 2009 compared to the same period in 2008. This reduction excludes the impact of exchange rate movements and non-cash pension costs." "I am pleased with the portfolio progress in the third quarter. In Russia, production ramp-up of the Sakhalin II LNG project has been achieved ahead of schedule. In Australia, we have launched the Gorgon project, which will supply global LNG markets for decades to come." Voser concluded: "Our strategy remains on track, although the near-term industry outlook remains challenging. We are taking steps to improve our performance, to bridge the company, and our shareholders, into a period of significant growth in the coming years."
THIRD QUARTER PORTFOLIO DEVELOPMENTS In Australia, Shell and its partners took Final Investment Decision (FID) for the Gorgon LNG project (Shell share 25%). Gorgon will supply global gas markets to at least 2050, with capacity of 15 million tonnes (100% basis) of Liquefied Natural Gas (LNG) per year and a major carbon capture and storage (CCS) scheme. Shell has announced a Front-End Engineering and Design (FEED) study for a Floating Liquefied Natural Gas (FLNG) project, with the potential to deploy these facilities at the Prelude offshore gas discovery in Australia (Shell share 100%). In the USA, Gulf of Mexico, Shell participated in an oil discovery at the Vito well (Shell share 55%), in sub-salt Miocene reservoirs. In offshore western Australia, Shell participated in the Achilles gas discovery (Shell share 25%). In the North America Haynesville and Groundbirch tight gas areas there is ongoing encouragement from exploration and appraisal well test results. In Canada, the Government of Alberta and Government of Canada jointly announced their intent to contribute $0.8 billion of funding towards the Quest CCS project. Quest, which is at the feasibility study stage, could capture CO2 from the Athabasca Oil Sands Project at the Scotford Upgrader, for underground storage. In Russia, the Sakhalin II project (Shell share 27.5%) achieved peak production of some 400 thousand barrels of oil equivalent per day (boe/d), and successfully ramped up production at the two LNG trains, ahead of schedule. Shell continues with its strategy to refocus its Downstream footprint, and to make selective new investments in its larger, integrated refining sites and growth markets. Some 15% of Shell's worldwide refining capacity, or some 600 thousand barrels per day, is earmarked for possible disposal or conversion to oil terminals. In the Netherlands, Shell started construction this October of a new hydrodesulphurisation plant at the Pernis refinery to manufacture cleaner-burning oil products. In Greece, Shell, as part of its strategy to concentrate its global Downstream portfolio, agreed to sell its activities for some $0.4 billion. The retail network will continue to operate under the Shell brand. This transaction is subject to regulatory approvals.
KEY FEATURES OF THE THIRD QUARTER 2009 * Third quarter 2009 CCS earnings were $2,990 million, 73% lower than in the same quarter a year ago. * Third quarter 2009 reported earnings were $3,247 million compared to earnings of $8,448 million in the same quarter a year ago. * Basic CCS earnings per share decreased by 72% versus the same quarter a year ago. * Cash flow from operating activities for the third quarter 2009 was $7.3 billion, compared to $12.6 billion in the same quarter last year. Excluding net working capital movements of $0.4 billion, cash flow from operating activities was $7.7 billion in the third quarter 2009, compared to $10.4 billion for the third quarter 2008 on the same basis. * Total dividends paid to shareholders during the third quarter 2009 were $2.7 billion. * Capital investment for the third quarter 2009 was $7.8 billion. Net capital investment (capital investment, less divestment proceeds) for the third quarter 2009 was $7.4 billion. * Return on average capital employed (ROACE), on a reported income basis (see Note 3), was 4.9%. * Gearing was 13.7% at the end of the third quarter 2009 versus 6.0% at the end of the third quarter 2008. Upstream * Oil and gas production for the third quarter 2009 was 2,926 thousand boe/d, in line with the same quarter last year. Underlying production increased, compared to the third quarter 2008, with new field start-ups and the continuing ramp-up of fields more than offsetting the impact of field declines. * LNG sales volumes of 3.49 million tonnes were 13% higher than in the same quarter a year ago. Downstream * The weak global economy continued to impact downstream volumes. Oil Products marketing sales volumes were 4% lower than in the third quarter 2008. Chemical product sales volumes in the third quarter 2009 decreased by 5% compared to the third quarter 2008. * Oil Products refinery availability was 94% compared to 88% in the third quarter 2008. Chemicals manufacturing plant availability was 95%, 9% higher than in the third quarter 2008. Third quarter 2008 availability, in both Oil Products and Chemicals, was adversely impacted by hurricanes in the USA. * Supplementary financial and operational disclosure for the third quarter 2009 is available at www.shell.com/investor.
SUMMARY OF IDENTIFIED ITEMS Earnings in the third quarter 2009 reflected the following items, which in aggregate amounted to a net gain of $371 million (compared to a net gain of $2,813 million in the third quarter 2008), as summarised in the table below: * Upstream earnings included a net charge of $123 million, reflecting charges related to asset impairments and restructuring provisions. These were partly offset by gains related to tax credits, mark-to-market valuation of certain gas contracts and the estimated fair value accounting of commodity derivatives (see Note 7). Earnings for the third quarter 2008 included a net gain of $2,368 million. * Downstream earnings included a net gain of $536 million, reflecting gains related to the estimated fair value accounting of commodity derivatives (see Note 7) and tax credits, which were partly offset by charges related to asset impairments and restructuring provisions. Earnings for the third quarter 2008 included a gain of $445 million. * Corporate and Minority interest earnings included a charge of $42 million, related to restructuring provisions and tax charges.
SUMMARY OF IDENTIFIED ITEMS1
Q3 2009 Q2 2009 Q3 2008 2009 2008
1 As from the second quarter 2009, the summary of identified items includes the estimated fair value accounting of commodity derivatives related to operational activities (see Note 7). For comparison purposes, the third quarter 2008 was reclassified by a gain of $400 million in the Upstream segment and by a gain of $350 million in the Downstream segment. These identified items generally relate to events with an impact of more than $50 million on Royal Dutch Shell's earnings and are shown to provide additional insight into its segment earnings, CCS earnings and income attributable to shareholders. Further additional comments on the business segments are provided in the section 'Earnings by Business Segment' on page 5 and onwards.
EARNINGS BY BUSINESS SEGMENT
UPSTREAM
Q3 Q2 Q3
4,168 4,006 12,496 -67 Upstream cash flow from operations 13,952 34,482 -60
1 Q3 on Q3 change 2 Includes oil sands bitumen production Third quarter Upstream earnings were $1,543 million compared to $8,647 million a year ago. Earnings included a net charge of $123 million related to identified items, compared to a net gain of $2,368 million in the third quarter 2008 (see page 4). Upstream earnings compared to the third quarter 2008 reflected the impact of significantly lower oil and gas prices. These impacts were partially offset by increased gas sales volumes, including the effect of the successful start-up of the Sakhalin II project, and lower royalty and tax expenses compared to the third quarter 2008. Third quarter 2009 oil prices increased from second quarter 2009 levels. However mainly due to contractual time lag effects the third quarter 2009 global natural gas realisations remained similar to second quarter 2009 levels. A generally weak environment for natural gas marketing and trading activities also affected the third quarter 2009 earnings. Global liquids realisations were 43% lower than in the third quarter 2008. Global gas realisations were 42% lower than a year ago. In the Americas, gas realisations decreased by 64% whereas outside the Americas, gas realisations decreased by 29%. LNG realised prices compared to the third quarter 2008 decreased following trends in LNG price markers. Third quarter 2009 production was 2,926 thousand boe/d compared to 2,931 thousand boe/d a year ago. Crude oil production was down 2% and natural gas production increased by 3% compared to the third quarter 2008. Underlying production, compared to the third quarter 2008, increased by some 180 thousand boe/d from new field start-ups and the continuing ramp-up of fields over the last 12 months, more than offsetting field declines. LNG sales volumes of 3.49 million tonnes were 13% higher than in the same quarter a year ago. Volumes reflected the ramp-up in sales volumes from the Sakhalin II LNG project and Train 5 at the North West Shelf project, which were partly offset by lower volumes from Nigeria LNG and reduced Asia Pacific LNG demand.
DOWNSTREAM
Q3
1 Q3 on Q3 change Third quarter Downstream CCS earnings were $1,292 million compared to $2,419 million in the third quarter 2008. Earnings included net gains of $536 million related to identified items, compared to a gain of $445 million in the third quarter 2008 (see page 4). Downstream CCS earnings compared to the third quarter 2008 reflected substantially lower realised refining margins and lower refinery plant intake volumes, and lower marketing and chemicals margins which were partly offset by lower costs. Oil Products marketing CCS earnings compared to the same period a year ago increased due to higher lubricants contributions and higher retail earnings, which were partly offset by lower B2B and trading contributions. Oil Products sales volumes decreased by 4% compared to the same quarter last year, mainly because of lower B2B volumes, partly offset by increased retail sales volumes, mostly in the Americas and in the Asia Pacific region. Industry refining margins significantly declined on a worldwide basis compared to the same period a year ago resulting in reduced realised margins. Reduced demand for refined products led to lower refinery plant intake volumes. Refinery plant intake volumes decreased by 8% compared to the same quarter last year. Refinery availability was 94% compared to 88% in the third quarter 2008, which was impacted by hurricanes in the USA. Chemicals CCS earnings compared to the third quarter 2008 reflected improved income from equity accounted investments and lower realised chemicals margins. Chemicals sales volumes decreased by 5% compared to the same quarter last year. Chemicals manufacturing plant availability increased to 95%, some 9% higher than in the third quarter 2008, which was impacted by hurricanes in the USA.
CORPORATE AND MINORITY INTEREST
Q3 2009 Q2 2009 Q3 2008 2009 2008
Third quarter Corporate earnings and Minority interest were $155 million compared to a loss of $163 million for the same period last year. Earnings for the third quarter 2009 included a charge of $42 million related to identified items (see page 4). Corporate earnings compared to the third quarter 2008 reflected mainly currency exchange gains, which were partly offset by lower net interest income. Currency exchange gains in the third quarter 2009 were $160 million compared to losses of $264 million in the third quarter 2008.
FORTHCOMING EVENTS Fourth quarter and full year 2009 results, and fourth quarter 2009 dividend, are expected to be announced on February 4, 2010. First quarter 2010 results and first quarter 2010 dividend, are expected to be announced on April 28, 2010. Second quarter 2010 results and second quarter 2010 dividend, are expected to be announced on July 29, 2010. Third quarter 2010 results and third quarter 2010 dividend, are expected to be announced on October 28, 2010. A Shell strategy update is planned on March 16, 2010. APPENDIX: ROYAL DUTCH SHELL FINANCIAL REPORT AND TABLES
STATEMENT OF INCOME3
Q3
BASIC EARNINGS PER SHARE3
Q3 2009 Q2 2009 Q3 2008 2009 2008
DILUTED EARNINGS PER SHARE3
Q3 2009 Q2 2009 Q3 2008 2009 2008
SHARES2,3
Q3 2009 Q2 2009 Q3 2008 2009 2008
1 Q3 on Q3 change. 2 Royal Dutch Shell ordinary shares of euro 0.07 each. 3 See notes 1, 2 and 6, where applicable. 4 Includes impairment charges of $1,208 million for the third quarter 2009, $310 million for the second quarter 2009 and $144 million for the third quarter 2008. 5 Includes gains/(losses) on sale of assets. 6 Includes inventory movements.
SUMMARISED BALANCE SHEET (SEE NOTES 1 AND 5)
Assets
Non-current assets:
Investments: Deferred tax 4,309 4,144 3,978
Current assets:
Liabilities
Non-current liabilities:
Current liabilities:
Equity attributable to Royal Dutch Shell
SUMMARISED STATEMENT OF CASH FLOWS (SEE NOTE 1)
Q3 2009 Q2 2009 Q3 2008 2009 2008
4,341 3,279 3,387 amortisation1 10,710 9,972
(384) (2,835) 2,215 working capital (3,584) (6,752)
(746) (1,535) (2,000) equity-accounted investments (3,209) (7,096)
993 1,242 2,604 equity-accounted investments 3,212 6,803
(401) (951) (95) provisions (987) 75
(2,656) (2,852) (2,290) shareholders (7,913) (7,108)
(17) (49) 36 dividends received 70 478
1 Includes impairment charges of $1,208 million for the third quarter 2009, $310 million for the second quarter 2009 and $144 million for the third quarter 2008. EQUITY (SEE NOTE 5)
At December 31,
Income for the
Other comprehensive
Capital
contributions/
(repayments) from/
to minority
shareholders and
other changes in
Treasury shares:
net sales/
(purchases) and
Repurchases of
Share-based
At September 30,
At December 31,
Income for the
Other comprehensive
Capital
contributions/
(repayments) from/
to minority
shareholders and
other changes in
Treasury shares:
net sales/
(purchases) and
Repurchases of
Share-based
At September 30,
EXPLANATORY NOTES 1. Accounting policies and basis of presentation The quarterly financial report and tables are prepared in accordance with the accounting policies set out in Note 2 to the Consolidated Financial Statements of Royal Dutch Shell plc in the Annual Report and Form 20-F for the year ended December 31, 2008 on pages 118 to 122. The accounting policies are in accordance with IFRS as adopted by the European Union. This publication is unaudited and does not comprise statutory accounts. Statutory accounts for the year ended December 31, 2008 were approved by the Board of Directors on March 11, 2009 and delivered to the Registrar of Companies. The report of the auditors on those accounts was unqualified, did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying the report, and did not contain any statement under sections 237(2) or (3) of the Companies Act 1985. The presentation of the Statement of Income has been changed to provide additional information for the evaluation of Shell's performance. This change provides additional information in relation to our costs and more alignment with industry practice. The main changes are the disclosure of purchases, production and manufacturing expenses and research and development separately (previously disclosed within cost of sales). Depreciation, depletion and amortisation charges previously included in cost of sales, selling, distribution and administrative expenses and exploration are now disclosed separately. Gains and losses on sale of assets are now included in interest and other income. Purchases are all costs related to the acquisition of supplies, including those used for conversion into finished or intermediary products. Production and manufacturing expenses are the costs of operating, maintaining and managing production and manufacturing assets. Selling, distribution and administrative expenses include direct and indirect costs of marketing and selling products. 2. Earnings on an estimated current cost of supplies (CCS) basis To facilitate a better understanding of underlying business performance, the financial results are also analysed on an estimated current cost of supplies (CCS) basis as applied for the Downstream segment earnings. Earnings on an estimated current cost of supplies basis provides useful information concerning the effect of changes in the cost of supplies on Shell's results of operations and is a measure to manage the performance of the Downstream segment but is not a measure of financial performance under IFRS. On this basis, the purchase price of the volumes sold during the period is based on the cost of supplies during the same period after making allowance for the estimated tax effect, instead of the first-in, first-out (FIFO) method of inventory accounting. Earnings calculated on this basis do not represent an application of the last-in, first-out (LIFO) inventory basis and do not reflect any inventory drawdown effects. 3. Return on average capital employed (ROACE) ROACE is defined as the sum of the current and previous three quarters' income adjusted for interest expense, after tax, divided by the average capital employed for the period. 4. Segmental reporting Segmental reporting has been changed with effect from the third quarter 2009, in line with the change in the way Shell's businesses are managed. Shell now reports its business through three (previously six) reporting segments, Upstream (previously Exploration & Production, Gas & Power and Oil Sands), Downstream (previously Oil Products and Chemicals) and Corporate. Corporate represents the key support functions, comprising holdings and treasury, headquarters, central functions and Shell insurance companies. Prior period financial information has been reclassified accordingly. Upstream and Downstream results are presented before deduction of minority interest and also exclude interest and other income of a non-operational nature, interest expense, non-trading currency exchange effects and tax on these items, which are included in the Corporate results. With effect from the third quarter 2009, insurance premium costs (excluding external insurance) and self insured claims are reported within the Corporate segment; previously they were reported within the relevant business segments. The impact of this change in allocation is a reduction of $167 million (pre-tax) of the Corporate result in the third quarter 2009, with no effect on Shell's income for the period. Prior period segment results are not reclassified (the insurance costs were $143 million (pre-tax) in the second quarter 2009 and $20 million (pre-tax) in the third quarter 2008). Segment results include equity-accounted investments and are after tax. 5. Equity Total equity comprises equity attributable to Royal Dutch Shell plc shareholders and to the minority interest. Other reserves comprise the capital redemption reserve, share premium reserve, merger reserve, share plan reserve and accumulated comprehensive income (currency translation differences, unrealised gains/(losses) on securities and unrealised gains/(losses) on cash flow hedges). 6. Earnings per share Basic earnings per share is calculated by dividing the income attributable to Royal Dutch Shell plc shareholders for the period by the weighted average number of Class A and B ordinary shares outstanding during the period. To calculate the diluted earnings per share the weighted average number of shares outstanding is adjusted for the number of shares related to share option schemes. 7. Accounting for Derivatives IFRS require that derivative instruments be recognised in the financial statements at fair value. Any change in the current period between the period-end market price and the contract settlement price is recognised in income where hedge accounting is either not permitted or not applied to these contracts. The physical crude oil and related products held by the Downstream business as inventory are recorded at historical cost or net realisable value, whichever is lower, as required under IFRS. Consequently, any increase in value of the inventory over cost is not recognised in income until the sale of the commodity occurs in subsequent periods. In the Downstream business, the buying and selling of commodities includes transactions conducted through the forward markets using commodity derivatives to reduce economic exposure. Some derivatives are associated with a future physical delivery of the commodities. Differences in the accounting treatment for physical inventory (at cost or net realisable value, whichever is lower) and derivative instruments (at fair value) have resulted in timing differences in the recognition of gains or losses between reporting periods. Similarly, earnings from long-term contracts held in the Upstream business are recognised in income upon realisation. Associated commodity derivatives are recognised at fair value as of the end of each quarter. These differences in accounting treatment for long-term contracts (on accrual basis) and derivative instruments (at fair value) have resulted in timing differences in the recognition of gains or losses between the reporting periods. The aforementioned timing differences for Downstream and Upstream are reported as identified items in the quarterly results and are estimates derived from the overall portfolio of derivatives. Certain UK gas contracts held by Upstream contain embedded derivatives or written options, for which IFRS requires recognition at fair value, even though they are entered into for operational purposes. The impact of the mark-to-market calculation is also reported as an identified item in the quarterly results. Contacts: * Investor Relations: Europe: + 31 (0)70 377 4540; USA: +1 212 218 3113 * Media: Europe: + 31 (0)70 377 3600
CAUTIONARY STATEMENT All amounts shown throughout this Report are unaudited. Fourth quarter and full year 2009 results are expected to be announced on February 4, 2010. First quarter 2010 results are expected to be announced on April 28, 2010, second quarter 2010 results are expected to be announced on July 29, 2010 and third quarter 2010 results are expected to be announced on October 28, 2010. There will be a Shell strategy update on March 16, 2010. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this document "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this document refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this document, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''intend'', ''may'', ''plan'', ''objectives'', ''outlook'', ''probably'', ''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'', ''should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this document, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell's Annual Report and Form 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this document, October 29, 2009. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document. The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this document that SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov . You can also obtain these forms from the SEC by calling 1-800-SEC-0330. October 29, 2009
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| 30-09-09 | PRN |
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Voting Rights and Capital In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following: Royal Dutch Shell plc's capital consists of 3,545,663,973 A shares and 2,695,808,103 B shares, each with voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury. The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA's Disclosure and Transparency Rules.
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| 28-09-09 | PRN |
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New accounting segmentation The Hague, 28 September 2009. Royal Dutch Shell plc ("Shell") has implemented, as from 1 July, 2009, a series of changes to senior management roles and responsibilities. Accounting disclosure segmentation, as from the third quarter 2009, will reflect the new organisational structure. These changes will reduce Shell's administrative costs, simplify the presentation of Shell's financial results, and at the same time provide additional information for investors. Financial results will be presented in three segments: Upstream, Downstream and Corporate & Minority Interest. This will simplify the accounts presentation, which up to the second quarter 2009 was comprised of six business segments. Upstream will include earnings from the previous Exploration Production, Gas & Power and Oil Sands segments. Downstream will include earnings from the previous Oil Products and Chemicals segments, and Alternative Energy, with the exception of Wind, which will be consolidated into Upstream. Shell will provide a financial supplement disclosure, on a quarterly basis, which will include expanded geographical disclosures for Upstream, financial information on Integrated Gas, which includes the LNG business, and an Oil Products and Chemicals split for Downstream. Please refer to the Shell Investor Relations website for an overview of the unaudited financial and operational data based on the new accounting disclosure segmentation. [www.shell.com/investor]
Shell Investor Relations:
Shell Media Relations: International, US, UK, European Press +31 70 377 3600 The Netherlands Press +31 70 377 8750 Cautionary Note The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ``anticipate'', ``believe'', ``could'', ``estimate'', ``expect'', ``intend'', ``may'', ``plan'', ``objectives'', ``outlook'', ``probably'', ``project'', ``will'', ``seek'', ``target'', ``risks'', ``goals'', ``should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press 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 factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov - opens in new window). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release - 28 September 2009. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
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| 25-09-09 | PRN |
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25 September 2009
ROYAL DUTCH SHELL PLC Notice of Results At 07.00 GMT (08.00 CET and 03.00 EDT) on Thursday 29 October, 2009 Royal Dutch Shell plc will release its third quarter results and third quarter interim dividend announcement for 2009. These announcements will be available on http://www.shell.com/investor.
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| 11-09-09 | PRN |
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Royal Dutch Shell plc announces Board Committee changes The Hague, 11 September 2009. The Board of Royal Dutch Shell today announced that Mr Hans Wijers steps down from the Corporate and Social Responsibility Committee and joins the Remuneration Committee where he will succeed Sir Peter Job as Chairman of that Committee with effect from 1 October 2009. Sir Peter will remain a member of the Committee until his retirement from the Board at the next Annual General Meeting in May 2010, at which time he will have served 9 years as a Non-Executive Director. Lord Kerr of Kinlochard steps down from the Remuneration Committee and joins the Audit Committee to fill the vacancy arising from Mr Lawrence Ricciardi's resignation from the Audit Committee. Mr Lawrence Ricciardi joins the Nomination and Succession Committee until his retirement from the Board at the next Annual General Meeting, at which time he will have served 9 years as a Non-Executive Director. Lord Kerr and Mr Nick Land will in addition to the other Board Committees also join the Corporate and Social Responsibility Committee. All appointments and resignations are with immediate effect, except as stated otherwise. Contacts
Shell Investor Relations:
Shell Media Relations: International, US, UK, European Press +31 70 377 3600 The Netherlands Press +31 70 377 8750 Cautionary Note The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ``anticipate'', ``believe'', ``could'', ``estimate'', ``expect'', ``intend'', ``may'', ``plan'', ``objectives'', ``outlook'', ``probably'', ``project'', ``will'', ``seek'', ``target'', ``risks'', ``goals'', ``should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press 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 factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2008 (available at www.shell.com/ investor <http://www.shell.com/investor> and www.sec.gov <http://www.sec.gov> ). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 11 September 2009. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. Ends
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| 11-09-09 | PRN |
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NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND CONNECTED PERSONS NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R. Name of Issuer: Royal Dutch Shell plc Date of transaction ("DATE"): 09 September 2009 Nature of the transaction: Rollover of dividends into Royal Dutch Shell plc shares RDSA and RDSB (as given below) under the Long-Term Incentive Plan, Performance Share Plan, Deferred Bonus Plan and Restricted Share plan. The values are as follows: Peter Voser Euro141,675.98 Malcolm Brinded £148,591.22 Simon Henry £ 21,307.04 The number of shares is as follows: Peter Voser 7,141 RDSA Malcolm Brinded 8,767 RDSB Simon Henry 1,257 RDSB Note Long Term Incentive Plan ("LTIP") The LTIP is a performance based share plan under which Directors receive a conditional award of shares ("performance shares"). The actual number of performance shares which Directors could finally receive under the plan ranges from nil to two times the conditional award, subject to the performance of the Company over a period of at least three years. For the purposes of disclosure and maintenance of certain statutory records, the number of performance shares is taken to be one times the number of performance shares conditionally awarded. Performance shares attract dividends in the form of shares ("dividend shares") and, whilst Directors could finally receive dividend shares based on two times the conditional award, such dividend shares are disclosed and recorded on the basis of the number of shares conditionally awarded. Further details of the LTIP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2008. Performance Share Plan ("PSP") When awards are made under the LTIP other than to the Executive Directors the plan is called the Performance Share Plan. Simon Henry received awards under the PSP prior to his appointment as an Executive Director with effect from May 20, 2009. Further details of the PSP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2008. Deferred Bonus Plan ("DBP") The DBP provides for Directors to accrue dividends in the form of shares ("dividend shares") on their deferred bonus shares and, provided certain conditions are met, to receive one guaranteed matching share for every four deferred bonus and dividend shares. Additional performance related matching shares can be earned depending on the performance of the Company, the number of such additional matching shares ranging from nil to three for every four deferred bonus shares and dividend shares held. For the purposes of disclosure and maintenance of certain statutory records, the number of shares is taken to be the number of deferred bonus shares, dividend shares on such deferred bonus shares, and the guaranteed matching shares. Further details of the DBP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2008. Restricted Share Plan ("RSP") The RSP is a share plan under which certain employees and Directors may receive a conditional award of shares. The shares vest three years after the award date subject to the employee or the Director being employed by a Shell Group company at that time. The participation of Directors in this plan was approved at the Annual General Meeting of Royal Dutch Shell plc on 20 May 2008. The conditional shares awarded under the RSP attract dividends in the form of shares ("dividend shares") during the vesting period. Further details of the RSP can be found in the Royal Dutch Shell Annual Report and Form 20-F for the year ended December 31, 2008. 11 September 2009 Name of Contact: Mark Edwards Phone number of contact: 020 7934 2817
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| 28-08-09 | PRN |
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Filing of unaudited Interim Accounts 2009 with the UK Listing Authority US$25 billion Debt Securities Programme (Issuers: Shell International Finance B.V. and Royal Dutch Shell plc; Guarantor: Royal Dutch Shell plc) A copy of the interim report and accounts for: Shell International Finance B.V has been submitted to the UK Listing Authority and is available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Telephone No: +44 20 7066 1000 The accounts can also be viewed on the shell website at: http://www.shell.com/home/content/investor/financial_information/faoi/ dir_faoi_index.html
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| 28-08-09 | PRN |
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Voting Rights and Capital In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following: Royal Dutch Shell plc's capital consists of 3,545,663,973 A shares and 2,695,808,103 B shares, each with voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury. The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA's Disclosure and Transparency Rules.
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