RDS 4th Quarter And Full Year 2012 Unaudited Results

THE HAGUE, The Netherlands, January 31, 2013 /PRNewswire/ --



Royal Dutch Shell's (NYSE:RDS.A)(NYSE:RDS.B) fourth quarter 2012 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $7.3 billion compared with $6.5 billion in the same quarter a year ago. Full year 2012 CCS earnings were $27.0 billion compared with $28.6 billion in 2011.

Fourth quarter 2012 CCS earnings, excluding identified items (see page 4), were $5.6 billion compared with $4.8 billion in the fourth quarter 2011, an increase of 15%. Full year 2012 CCS earnings excluding identified items were $25.1 billion compared with $24.7 billion in 2011, an increase of 2%.

Basic CCS earnings per share excluding identified items increased by 14% versus the same quarter a year ago. Basic CCS earnings per share excluding identified items for the full year 2012 increased by 1% versus 2011.

Cash flow from operating activities was $9.9 billion in the fourth quarter 2012 and $46.1 billion for the full year. Excluding movements in working capital, cash flow from operating activities was $8.9 billion in the fourth quarter 2012 and $42.7 billion for the full year.

Gearing at the end of 2012 was 9.2% versus 13.1% at the end of 2011.

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

The first quarter 2013 dividend is expected to be declared at $0.45 per share and $0.90 per ADS, an increase of 4.7% compared with the first quarter 2012.

    Summary of unaudited results
             Quarters                    $ million              Full year
                      Q4
    Q4 2012 Q3 2012  2011  %[1]                              2012   2011    %
 
                                Income attributable to
      6,671   7,139  6,500  +3  shareholders                26,592  30,918 -14
                                Current cost of supplies
                                (CCS) adjustment for
        623 (1,012)   (41)      Downstream                     452 (2,293)
      7,294   6,127  6,459 +13  CCS earnings                27,044  28,625  -6
      1,712   (432)  1,613      Less: Identified items[2]    1,905   3,938
                                CCS earnings excluding
      5,582   6,559  4,846 +15  identified items            25,139  24,687  +2
                                Of which:
      4,377   4,888  5,107      Upstream                    20,025  20,600
      1,163   1,731  (278)      Downstream                   5,311   4,274
                                Corporate and
         42    (60)     17      Non-controlling interest     (197)   (187)
 
                                Cash flow from operating
      9,913   9,483  6,465 +53  activities                  46,140  36,771 +25
 
                                Basic CCS earnings per
       1.16    0.98   1.04 +12  share ($)                     4.32    4.61  -6
                                Basic CCS earnings per ADS
       2.32    1.96   2.08      ($)                           8.64    9.22
                                Basic CCS earnings per
                                share excl. identified
       0.89    1.05   0.78 +14  items ($)                     4.02    3.97  +1
                                Basic CCS earnings per ADS
       1.78    2.10   1.56      excl. identified items ($)    8.04    7.94
 
       0.43    0.43   0.42  +2  Dividend per share ($)        1.72    1.68  +2
       0.86    0.86   0.84      Dividend per ADS ($)          3.44    3.36
    
    [1] Q4 on Q4 change.
 
    [2] See page 4.

Royal Dutch Shell Chief Executive Officer Peter Voser commented:

"With the first year of our 2012-2015 growth targets completed, Shell is on track for plans we set out in early 2012, despite headwinds last year.

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