Shell updates on fourth quarter 2013 and full year 2013 unaudited results

The Hague, 17 January 2014

Royal Dutch Shell plc ("Shell") today updates on its expected 2013 results.
Fourth quarter 2013 figures, which are expected to be published on January 30,
2014 , are expected to be significantly lower than recent levels of
profitability, considering current oil and gas prices and the downstream oil
products industry environment.

Shell's fourth quarter 2013 earnings on a current cost of supplies ("CCS")
basis excluding identified items are expected to be approximately $2.9 billion
and were impacted by weak industry conditions in downstream oil products,
higher exploration expenses and lower upstream volumes.

Chief Executive Officer Ben van Beurden commented: "Our 2013 performance was
not what I expect from Shell. Our focus will be on improving Shell's financial
results, achieving better capital efficiency and on continuing to strengthen
our operational performance and project delivery."

When Shell announces its results on January 30, 2014, fourth quarter 2013 CCS
earnings (see Note 1) are expected to be approximately $2.2 billion, and full
year 2013 CCS earnings are expected to be approximately $16.8 billion.

Fourth quarter 2013 identified items are expected to be a net charge of
approximately $0.7 billion, mainly reflecting impairments in Upstream. Full
year 2013 identified items are expected to be a net charge of approximately
$2.7 billion, also mainly reflecting impairments in Upstream.

Excluding identified items, fourth quarter 2013 CCS earnings are expected to be
approximately $2.9 billion, reflecting lower results in each of Upstream,
Downstream and Corporate compared with the fourth quarter 2012.

Full year 2013 CCS earnings excluding identified items are expected to be
approximately $19.5 billion, reflecting lower results in both Upstream and
Downstream compared with the full year 2012.

Compared with the fourth quarter 2012, Upstream earnings excluding identified
items were impacted by higher exploration expenses and lower volumes. A high
level of maintenance activity during the fourth quarter 2013 affected high
value oil and gas production volumes, including gas-to-liquids, as well as LNG
sales volumes. Earnings were also impacted by the weakening of the Australian
dollar. Upstream Americas continued to incur a loss. The security situation in
Nigeria remained challenging.

Compared with the fourth quarter 2012, Downstream CCS earnings excluding
identified items were mainly impacted by significantly weaker industry refining
conditions, in particular in Asia Pacific and Europe. Marketing and trading
contributions were lower. Chemicals earnings increased as a result of improved
industry conditions and operating performance.

Cash flow from operating activities for the fourth quarter 2013 is expected to
be approximately $6.0 billion. Full year 2013 cash flow from operating
activities is expected to be approximately $40.4 billion.

Excluding working capital movements, cash flow from operating activities for
the fourth quarter 2013 is expected to be approximately $7.7 billion, and
approximately $37.5 billion for the full year 2013.

Net capital investment (see Note 1) for the fourth quarter 2013 is expected to
be approximately $15.8 billion. Full year 2013 net capital investment is
expected to be approximately $44.3 billion.

Gearing is expected to be approximately 16% at the end of 2013.

SUMMARY OF EXPECTED RESULTS (UNAUDITED)

      Quarter                 $ billion                         Full Year

Q4 2013       Q4 20121                                    2013          20121

Approximately                                             Approximately

                        Income attributable to
1.8           6.7       shareholders                      16.4          26.7

                        Current cost of supplies (CCS)
0.4           0.6       adjustment for Downstream         0.4           0.5

2.2           7.3       CCS earnings                      16.8          27.2

(0.7)         1.7       Less: Identified items            (2.7)         1.9

                        CCS earnings excluding identified
2.9           5.6       items                             19.5          25.3

                         Of which:

2.5           4.4         Upstream                        15.1          20.1

0.5           1.2         Downstream                      4.5           5.4

                          Corporate and Non-controlling
(0.1)         -         interest                          (0.1)         (0.2)

                        Cash flow from operating
6.0           9.9       activities                        40.4          46.1

15.8          10.9      Net Capital Investment            44.3          29.8

16            9.8       Gearing (%)                       16            9.8

1 Prior restatement for accounting policy change


Shell's fourth quarter and full year 2013 results and fourth quarter 2013
dividend are scheduled to be announced on January 30, 2014. Shell's annual
Management Day is scheduled for March 13, 2014 in London, United Kingdom, and
will also be webcast on www.shell.com/investor. On March 17, 2014 a Management
Day will be held in New York, United States.

Note 1

Segment earnings are presented on a current cost of supplies basis (CCS
earnings). On this basis, the purchase price of volumes sold during the period
is based on the current cost of supplies during the same period after making
allowance for the tax effect. CCS earnings therefore exclude the effect of
changes in the oil price on inventory carrying amounts.

Net capital investment is defined as capital expenditure as reported in the
Condensed Consolidated Statement of Cash Flows, adjusted for: proceeds from
disposals (excluding those in the Corporate segment relating to other
investments); exploration expense excluding exploration wells written off;
investments in joint ventures and associates; and leases and other items.

CCS earnings and net capital investment information are the dominant measures
used by the Chief Executive Officer for the purposes of making decisions about
allocating resources and assessing performance.

CAUTIONARY STATEMENT

All amounts shown throughout this Release are unaudited.

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 over which Royal Dutch Shell plc either directly or
indirectly has control. Companies over which Shell has joint control are
generally referred to as "joint ventures" and companies over which Shell has
significant influence but neither control nor joint control are referred to as
"associates". In this document, joint ventures and associates may also be
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 23% 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'', ''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. 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, 2012 (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, January
17, 2014. 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. You can also obtain this form from the SEC by
calling 1-800-SEC-0330.

January 17, 2014

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