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Royal Dutch Shell Plc: 3rd Quarter 2012 UNAUDITED Results

THE HAGUE, The Netherlands, November 1, 2012 /PRNewswire/ --

Royal Dutch Shell's (NYSE:RDS.A) (NYSE:RDS.B) third quarter 2012 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $6.1 billion compared with $7.2 billion in the same quarter a year ago.

Third quarter 2012 CCS earnings, excluding identified items (see page 6), were $6.6 billion compared with $7.0 billion in the third quarter 2011, a decrease of 6%. Basic CCS earnings per share excluding identified items decreased by 6% versus the same quarter a year ago.

Cash flow from operating activities for the third quarter 2012 was $9.5 billion. Cash flow from operating activities excluding movements in working capital was $11.7 billion in the third quarter 2012.

Net capital investment (see Note 1) for the third quarter 2012 was $8.0 billion. Capital investment for the third quarter 2012 was some $8.8 billion and proceeds from divestments were $0.8 billion.

Total dividends distributed in the quarter were $2.8 billion, of which some $0.8 billion were settled under the Scrip Dividend Programme. During the third quarter 4.3 million shares were bought back for cancellation for a consideration of some $0.1 billion.

Gearing at the end of the third quarter 2012 was 8.6%.

A third quarter 2012 dividend has been announced of $0.43 per ordinary share and $0.86 per American Depository Share (ADS), an increase of 2.4% compared with the third quarter 2011.

    SUMMARY OF UNAUDITED RESULTS

              Quarters                   $ million              Nine months
    Q3 2012 Q2 2012 Q3 2011 %[1]                             2012   2011     %
 
                                 Income attributable to
      7,139   4,063   6,976  +2  shareholders               19,921  24,418  -18
                                 Current cost of supplies
                                 (CCS) adjustment for
     (1,012)  1,901     270      Downstream                   (171) (2,252)
      6,127   5,964   7,246 -15  CCS earnings               19,750  22,166  -11
       (432)    245     245      Less: Identified items[2]     193   2,325
                                 CCS earnings excluding
      6,559   5,719   7,001  -6  identified items           19,557  19,841   -1
                                 Of which:
      4,888   4,507   5,435      Upstream                   15,648  15,493
      1,731   1,296   1,818      Downstream                  4,148   4,552
                                 Corporate and
        (60)    (84)   (252)     Non-controlling interest     (239)   (204)
 
                                 Cash flow from operating
      9,483  13,305  11,645 -19  activities                 36,227  30,306  +20
 
                                 Basic CCS earnings per
       0.98    0.95    1.16 -16  share ($)                    3.16    3.57  -11
                                 Basic CCS earnings per ADS
       1.96    1.90    2.32      ($)                          6.32    7.14
                                 Basic CCS earnings per
                                 share excl. identified
       1.05    0.91    1.12  -6  items ($)                    3.13    3.20   -2
                                 Basic CCS earnings per ADS
       2.10    1.82    2.24      excl. identified items ($)   6.26    6.40
 
       0.43    0.43    0.42  +2  Dividend per share ($)       1.29    1.26   +2
       0.86    0.86    0.84      Dividend per ADS ($)         2.58    2.52

    [1] Q3 on Q3 change.
    [2] See page 6.

Royal Dutch Shell Chief Executive Officer Peter Voser commented:

"Shell is driving a long-term and consistent strategy, against a backdrop of volatile energy markets. Our profits pay for substantial investments in new energy supplies, and they pay dividends for our shareholders.

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