REG-Royal Dutch Shell: Half-yearly Report

Royal Dutch Shell plc

Half-yearly financial report 2009

Period January 1, 2009 - June 30, 2009 (unaudited)

All amounts shown throughout this report 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 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, July 30, 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.

Contacts

- Investor Relations: Europe: +31 70 377 4540; USA: +1 212 218 3113 (USA
investors)

- Media: Europe: +31 70 377 3600

Half-yearly financial report 2009

Business Review for the six month period ended June 30, 2009

Presented under IFRS (unaudited)

$ million
Six months ended
June 30,
2009 2008

Income for the period 7,419 20,955
Attributable to minority interest 109 316
Income attributable to
Royal Dutch Shell plc shareholders 7,310 20,639

Earnings for the first six months of 2009 were $7,310 million compared to
$20,639 million for the same period last year. Lower earnings mainly reflect
the macro environment impacts on the Exploration & Production and Oil Products
business segments.

Exploration & Production

Segment earnings for the first six months of 2009 were $3,031 million compared
to $11,024 million for the same period last year. Earnings in the first six
months of 2009 included a net gain of $236 million reflecting gains from tax
credits of $235 million, a gain related to a lease litigation settlement of
$229 million and gains from divestments of $135 million, partly offset by a
charge of $293 million related to the mark-to-market valuation of certain UK
gas contracts, a charge of $51 million related to pension adjustment for
inflation in USA and a charge of $19 million related to a retirement
healthcare plan modification in the USA. Earnings for the same period last
year included a net gain of $32 million mainly from gains from divestments of
$571 million, partly offset by a charge of $462 million related to the
mark-to-market valuation of certain UK gas contracts and net tax charges of
$77 million.

Earnings for the first six months of 2009 mainly reflected lower oil and gas
prices on revenues, lower oil and gas production volumes and higher
exploration expenses and non-cash pension charges, which were partly offset by
lower royalty and tax expenses.

Global liquid realisations were 53% lower than a year ago, compared to a
decrease in Brent of 53% and WTI of 54%. Outside the USA, gas realisations
decreased by 21% whereas in the USA, gas realisations decreased by 60%
compared to a decrease in Henry Hub of 58%.

Oil and gas production (excluding oil sands bitumen production) was 3,100
thousand barrels of oil equivalent per day (boe/d), a decrease of 4% compared
to 3,246 thousand boe/d for the same period last year.

Production in the first six months of 2009 compared to the same period last
year was mainly impacted by field decline, OPEC restrictions, lower natural
gas demand, Nigeria security issues and divestments, partly offset by
production sharing contracts pricing effects, new fields start-ups and
continued ramp-up of fields started up over the last 12 months.

In Nigeria, the security situation remains a significant challenge. As a
consequence, the Shell Petroleum Development Company of Nigeria Ltd's onshore
and shallow water oil and gas production declined from some 220 thousand boe/d
(Shell share) in the first half of 2008 to approximately 130 thousand boe/d
(Shell share) in the first six months of 2009.

Gas & Power

Segment earnings for the first six months of 2009 were $1,219 million to
compared to $1,573 million for the same period last year. Earnings included
charges of $21 million related to a pension adjustment for inflation in the
USA of $14 million, a charge of $6 million related to a retirement healthcare
plan modification in the USA and a charge of $1 million related to the
mark-to-market valuation of certain gas contracts. In the first six months of
2008 earnings included a charge of $311 million reflecting charges related to
the estimated fair value accounting of commodity derivatives relating to
operational activities of $300 million and a charge of $11 million related to
the mark-to-market valuation of certain gas contracts.

Excluding these items earnings compared to the same period last year
reflecting lower oil prices on revenues, lower LNG sales volumes and reduced
dividends received from an LNG joint venture.

In the first six months of 2009, LNG sales volumes of 5.95 million tonnes were
10% lower compared to the same period last year, mainly as a consequence of
lower contributions from Nigeria LNG due to continued natural gas supply
disruptions, which were partly offset by the ramp-up in sales volumes from
Train 5, at the North West Shelf project, and the Sakhalin II LNG project.

Oil Sands

Segment earnings for the first six months of 2009 were $8 million compared to
$600 million for the same period last year. Compared to the first six months
of 2008, earnings mainly reflected the impact of significantly lower oil
prices on revenues and higher operating costs.

Bitumen production was 76 thousand barrels per day (b/d) compared to 78
thousand b/d in the same period last year. Upgrader availability was 92%
compared to 94% for the same period last year.

Oil Products

Segment earnings for the first six months of 2009 were $2,559 million compared
to $6,906 million for the same period last year. In the first six months of
2009 earnings benefited from the impact of increasing crude prices on
inventory by $1,722 million compared to a benefit of $4,637 million in the
same period last year. Earnings included charges of $797 million, reflecting
non-cash charges related to the estimated fair value accounting of commodity
derivatives relating to operational activities of $500 million, a pension
adjustment for inflation in the USA of $80 million, tax charges of $56
million, an asset impairment of $120 million and a charge of $41 million
related to a retirement healthcare plan modification in the USA. In the first
six months of 2008 earnings included a net charge of $269 million, reflecting
non-cash charges related to fair value accounting of commodity derivatives of
$450 million, a divestment gain of $167 million and a tax credit of $14
million.

After taking into account the impact of rising crude prices on our inventory,
earnings reflected significantly lower refining earnings, which were partly
offset by higher marketing contributions.

Industry refining margins declined worldwide compared to the same period a
year ago. Refinery availability increased to 93% compared to 92% in the same
period last year, mainly due to lower planned and unplanned maintenance
activities.

Significantly lower refining earnings mainly reflected lower worldwide
realised refining margins and reduced demand for refined products.

Marketing earnings increased from a year ago, reflecting higher retail, B2B
and lubricant earnings and improved trading contributions.

Oil Products (marketing and trading) sales volumes declined by 9% compared to
the same period last year. Marketing sales volumes were 5% lower than in the
same period last year and, excluding the impact of divestments, 3% lower,
mainly because of lower commercial fuels sales.

Chemicals

Segment results for the first six months of 2009 were a loss of $79 million
compared to earnings of $505 million for the same period last year. Results in
the first six months of 2009 included charges of $86 million reflecting an
impairment charge of $57 million, a $19 million pension adjustment for
inflation in the USA and a $10 million retirement healthcare plan modification
in the USA. In the first six months of 2008 earnings included a net charge of
$206 million, reflecting impairment of assets and provisions of $265 million,
which was partly offset by a divestment gain of $59 million.

In the first six months of 2009 earnings benefited from the effect of
increasing feedstock prices on inventory by $13 million in 2009 compared to
$446 million for the same period last year. After taking into account the
impact of change in feedstock prices, the loss was $92 million compared to
earnings of $59 million last year, reflecting lower sales volumes, lower
realised margins and non-cash pension charges, which were partly offset by
higher income from equity-accounted investments and lower operating costs.

Sales volumes decreased by 19% compared to the first six months of 2008,
mainly as a result of reduced global demand.

Chemicals manufacturing plant availability was 90%, 5% points lower than in
the first six months of 2008. The reduced global demand for chemical products
has significantly impacted the chemicals manufacturing plant utilisation rate,
which dropped to 66% from 85% in the first six months of 2008.

Corporate

Segment earnings for the first six months of 2009 were $681 million compared
to $347 million for the same period last year. Earnings in the first six
months of 2009 included a net gain of $145 million, reflecting tax credits of
$162 million and a charge of $17 million related to a retirement healthcare
plan modification in the USA.

Compared to the first six months of 2008, earnings mainly reflected higher
currency exchange gains combined with lower net interest income and increased
tax credits.

PORTFOLIO DEVELOPMENTS

Exploration & Production

In Russia, the Sakhalin II project (Shell share 27.5%) delivered first gas
production from the Lunskoye A platform and also commenced LNG exports. The
Sakhalin II project is expected to deliver 395 thousand boe/d of peak
production (100% basis) after full ramp-up.

In the USA, the final investment decision (FID) was taken on the Caesar Tonga
project (Shell share 22.4%), with estimated peak production of 40 thousand
boe/d (100% basis).

Also in the USA, Shell was the apparent highest bidder on 39 of 54 blocks in
Lease Sale 208 in the Gulf of Mexico.

In Guyana, Shell acquired a 25% interest in the Stabroek exploration license
covering an area of some 47 thousand km2.

In Abu Dhabi, Shell signed an agreement with Abu Dhabi National Oil Company
(ADNOC) to extend the GASCO Joint Venture for a further twenty years. GASCO's
operations are mainly focused on gas processing and natural gas liquid (NGL)
extraction.

During the first half of 2009, Shell made 6 notable discoveries in the US Gulf
of Mexico, Australia, Malaysia and Norway. Shell also increased its overall
acreage position through acquisitions of new exploration licences in Guyana,
Italy, Brazil, USA, Norway, Egypt and Jordan.

In Brazil, on July 13, 2009, production started from the multi-field Parque
das Conchas (BC-10) project (Shell share 50%). Production wells, which are
some 2 kilometres deep, are linked to a Floating Production, Storage and
Offloading (FPSO) vessel with a capacity to process 100 thousand barrels of
oil and 50 million cubic feet of natural gas a day (100% basis).

Gas & Power

In Russia, following the start-up of LNG production, the first LNG cargo was
lifted from the Sakhalin II project (Shell share 27.5%), which will have an
LNG capacity of 9.6 million tonnes per annum (100% basis) after full ramp-up.

LIQUIDITY AND CAPITAL RESOURCES

Net cash from operating activities in the first six month of 2009 was $8.5
billion compared to $21.0 billion for the same period last year. In the first
six months of 2009 the net cash from operating activities was impacted by cash
contributions to pension funds of over $3.6 billion. Cash and cash equivalents
amounted to $10.6 billion at June 30, 2009 (June 30, 2008: $9.0 billion).

Total short and long-term debt increased to $30.1 billion at June 30, 2009
from $16.4 billion at June 30, 2008. During the first six months of 2009,
Shell issued $13.1 billion of new debt with maturity periods ranging from 2012
through 2018. All debt was issued by Shell International Finance B.V. and
guaranteed by Royal Dutch Shell plc.

Capital investment in the first six month 2009 was $15.1 billion of which $8.0
billion was invested in the Exploration & Production, $2.7 billion in Oil
Products and $1.9 billion in Gas & Power. This included new loans to
equity-accounted investments of $1.4 billion mainly in the Oil Products
segment. Capital investment in the same period of 2008 was $16.1 billion of
which $10.1 billion was invested in the Exploration & Production, $1.5 billion
in Oil Products and $2.1 billion in Gas & Power.

Gross proceeds from divestments in the first six months of 2009 were $0.5
billion compared to $2.7 billion for the same period last year. Dividends of
$0.42 per share were declared on April 29, 2009 and July 30, 2009 totaling
$0.84 per share in respect of the first and second quarters of 2009.

PRINCIPAL RISK AND UNCERTAINTIES

The principal risks and uncertainties affecting Shell are described in the
Risk Factors section of the Annual Report and Form 20-F for the year ended
December 31, 2008 (pages 14 to 16) and are summarised below. There are no
material changes in those Risk Factors with the exception that the Nigerian
government is contemplating new legislation to govern the petroleum industry
which, if passed into law, would likely have an impact on Shell's existing and
future activities in that country.

A summary of the Risk Factors described in the Annual Report and Form 20-F for
the year ended December 31, 2008 is set out below:

- Shell 's operating results and financial condition are exposed to
fluctuating prices for oil, natural gas, oil products and chemicals.

- Shell's future hydrocarbon production depends on the delivery of capital
projects, some of them large and complex, as well as the ability to replace
oil and gas and oil sands reserves.

- Shell's ability to achieve its strategic objectives depends on our reaction
to competitive forces.

- An erosion of Shell's business reputation would adversely impact our licence
to operate, our brand, our ability to secure new resources and our financial
performance.

- Rising climate change concerns could lead to additional regulatory measures
that may result in project delays and higher cost.

- The nature of Shell's operations exposes us to a wide range of significant
health, safety, security and environment (HSSE) risks.

- Shell operates in more than 100 countries, with differing degrees of
political stability. This exposes us to a wide range of political developments
and resulting changes to laws and regulations.

- Our investment in joint ventures and associated companies may reduce our
degree of control as well as our ability to identify and manage risks.

- Reliable information technology (IT) systems are a critical enabler of our
operations.

- Shell's future performance depends on successful development and deployment
of new technologies.

- Skilled employees are essential to the successful delivery of Shell's
strategy.

- Shell is subject to many legal regimes, with different fiscal and regulatory
systems, as well as to changes in legislation.

- Economic and financial market conditions affect our profitability.

- The estimation of reserves is not an exact calculation and involves
subjective judgements based on available information.

- Shell's Articles of Association determine the jurisdiction for shareholder
disputes. This might limit shareholder remedies.

- Violations of antitrust and competition law pose a financial risk for Shell
and expose Shell or our employees to criminal sanctions.

- An erosion of the business and operating environment in Nigeria could
adversely impact our earnings and financial position.

- Shell has investments in Iran and Syria, countries against which the US
government imposed sanctions. We could be subject to sanctions or other
penalties in connection with these activities.

- Shell faces property and liability risks and does not insure against all
potential losses.

- Shell's business model involves trading, treasury and foreign exchange
risks.

- Shell has substantial pension commitments, whose funding is subject to
capital market risks.

- Shell companies face the risk of litigation and disputes worldwide.

- Shell is currently under investigation by the United States Securities and
Exchange Commission and the United States Department of Justice for violations
of the US Foreign Corrupt Practices Act.

Unaudited Condensed Consolidated Interim Financial Statements

Condensed Consolidated Statement of Income

$ million
Six months ended June 30,
2009 2008

Revenue[A] 122,104 245,721
Cost of sales 104,660 206,041
Gross profit 17,444 39,680
Selling, distribution and
administrative expenses 7,646 8,413
Exploration 1,102 733
Share of profit of equity-
accounted investments 2,463 5,096
Net finance costs and
other (income)/expense (418) (193)
Income before taxation 11,577 35,823
Taxation 4,158 14,868
Income for the period 7,419 20,955

Income attributable to minority interest 109 316
Income attributable to
Royal Dutch Shell plc shareholders 7,310 20,639

$
Six months ended June 30,
2009 2008

Basic earnings per share (see Note 3) 1.19 3.34
Diluted earnings per share (see Note 3) 1.19 3.33

[A] Revenue is stated after deducting sales taxes, excise duties and similar
levies of $36,806 million in 2009 and $48,382 million in 2008.

Condensed Consolidated Statement of Comprehensive Income

$ million
Six months ended June 30,
2009 2008

Income for the period 7,419 20,955
Other comprehensive income, net of tax:
Currency translation differences 3,583 1,963
Unrealised gains/(losses) on securities 105 (249)
Unrealised gains/(losses) on cash flow hedges 140 21
Share of other comprehensive income
of equity-accounted investments 57 8
Other comprehensive income 3,885 1,743
Comprehensive income 11,304 22,698
Comprehensive income
attributable to minority interest (112) (206)

Comprehensive income attributable
to Royal Dutch Shell plc shareholders 11,192 22,492

The Notes on pages 10 to 11 are an integral part of these Condensed
Consolidated Interim Financial Statements.

Condensed Consolidated Balance Sheet

$ million
June 30, 2009 Dec 31, 2008
ASSETS
Non-current assets
Intangible assets 5,197 5,021
Property, plant and equipment 121,708 112,038
Investments:
equity-accounted investments 29,986 28,327
financial assets 4,130 4,065
Deferred tax 4,144 3,418
Pre-paid pension costs 9,640 6,198
Other 8,886 6,764
183,691 165,831
Current assets
Inventories 24,921 19,342
Accounts receivable 72,529 82,040
Cash and cash equivalents 10,596 15,188
108,046 116,570
Total assets 291,737 282,401

LIABILITIES
Non-current liabilities
Debt 25,469 13,772
Deferred tax 13,726 12,518
Retirement benefit obligations 5,787 5,469
Other provisions 13,259 12,570
Other 4,619 3,677
62,860 48,006
Current liabilities
Debt 4,621 9,497
Accounts payable and accrued liabilities 76,298 85,091
Taxes payable 10,205 8,107
Retirement benefit obligations 410 383
Other provisions 2,221 2,451
93,755 105,529
Total liabilities 156,615 153,535

EQUITY
Equity attributable to 133,509 127,285
Royal Dutch Shell plc shareholders
Minority interest 1,613 1,581
Total equity 135,122 128,866
Total liabilities and equity 291,737 282,401

The Notes on pages 10 to 11 are an integral part of these Condensed
Consolidated Interim Financial Statements.

Condensed Consolidated Statement of Changes in Equity

$ million
Equity attributable to Royal Dutch Shell plc shareholders
Ordinary
share Treasury Other Retained Minority Total
capital shares reserves[A] earnings Total interest equity

At January 1, 2009 527 (1,867) 3,178 125,447 127,285 1,581 128,866

Comprehensive income - - 3,882 7,310 11,192 112 11,304
Capital contributions from - - - 3 3 19 22
minority shareholders and
other changes in minority interest
Dividends paid - - - (5,257) (5,257) (99) (5,356)
Treasury shares: net - 234 - - 234 - 234
sales/(purchases) and
dividends received
Repurchases of shares - - - - - - -
Share-based compensation - - (175) 227 52 - 52

At June 30, 2009 527 (1,633) 6,885 127,730 133,509 1,613 135,122

At January 1, 2008 536 (2,392) 14,148 111,668 123,960 2,008 125,968

Comprehensive income - - 1,853 20,639 22,492 206 22,698
Capital contributions from - - - 59 59 52 111
minority shareholders and
other changes in minority interest
Dividends paid - - - (4,818) (4,818) (166) (4,984)
Treasury shares: net - 442 - - 442 - 442
sales/(purchases) and
dividends received
Repurchases of shares (5) - 5 (2,237) (2,237) - (2,237)
Share-based compensation - - (107) 18 (89) - (89)
At June 30, 2008 531 (1,950) 15,899 125,329 139,809 2,100 141,909
[A] See Note 2.

The Notes on pages 10 to 11 are an integral part of these Condensed
Consolidated Interim Financial Statements.

Condensed Consolidated Statement of Cash Flows

$ million
Six months ended June 30,
2009 2008
Cash flow from operating activities:
Income for the period 7,419 20,955
Adjustment for:
Current taxation 4,211 15,106
Interest (income)/expense 700 447
Depreciation, depletion and amortisation 6,369 6,585
(Gains)/losses on sale of assets (285) (1,038)
Decrease/(increase) in net working capital (3,200) (8,967)
Share of profit of equity-accounted investments (2,463) (5,096)
Dividends received from
equity-accounted investments 2,219 4,199
Deferred taxation and other provisions (586) 170
Other (1,790) 104
Net cash from operating activities (pre-tax) 12,594 32,465
Taxation paid (4,116) (11,435)
Net cash from operating activities 8,478 21,030
Cash flow from investing activities:
Capital expenditure (12,791) (14,781)
Investments in equity-accounted investments (1,854) (1,137)
Proceeds from sale of assets 478 2,471
Proceeds from sale of equity-accounted investments 220 333
Proceeds from sale of/(additions to) financial assets (52) 285
Interest received 170 554
Net cash used in investing activities (13,829) (12,275)
Cash flow from financing activities:
Net Increase/(decrease) in debt with
maturity period within three months (5,634) (24)
Other debt:
New borrowings 13,928 316
Repayments (1,816) (2,143)
Interest paid (524) (667)
Change in minority interest 19 27
Dividends paid to:
Royal Dutch Shell plc shareholders (5,257) (4,818)
Minority interest (99) (166)
Repurchases of shares - (2,423)
Treasury shares: net sales/(purchases)
and dividends received 87 442
Net cash from/(used in) financing activities 704 (9,456)
Currency translation differences
relating to cash and cash equivalents 55 35
Increase/(decrease) in cash
and cash equivalents (4,592) (666)
Cash and cash equivalents at January 1 15,188 9,656
Cash and cash equivalents at June 30 10,596 8,990

The Notes on pages 10 to 11 are an integral part of these Condensed
Consolidated Interim Financial Statements.

Notes to the Condensed Consolidated Interim Financial Statements

1. Basis of preparation

These Condensed Consolidated Interim Financial Statements of Royal Dutch Shell
plc and its subsidiaries (collectively known as "Shell" or the "Shell group")
are prepared on the same accounting principles as, and should be read in
conjunction with, the Annual Report on Form 20-F for the year ended December
31, 2008 (pages 118 to 122), except for the adoption of revised IAS 1
"Presentation of Financial Statements" with effect from January 1, 2009.
Revised IAS 1 requires the presentation of a statement of comprehensive income
and minor changes to the statement of changes in equity; there is no impact on
Shell's reported income or equity.

The six-month period ended June 30, 2009 Condensed Consolidated Interim
Financial Statements of Royal Dutch Shell plc and its subsidiaries have been
prepared in accordance with International Accounting Standard 34 "Interim
Financial Reporting".

In accordance with DTR 4.2.9(2) of the UK Disclosure and Transparency Rules
(DTRs), it is confirmed that this publication has not been audited or reviewed
by auditors pursuant to the Auditing Practices Board guidance on Review of
Interim Financial Information.

The Condensed Consolidated Interim Financial Statements do 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.

2. Other reserves

$ million
Accumulated
Capital Share Share other
Merger redemption premium plan comprehensive
reserve[A] reserve reserve reserve income Total

At January 1, 2009 3,444 57 154 1,192 (1,669) 3,178

Other comprehensive income attributable - - - - 3,882 3,882
to Royal Dutch Shell plc shareholders
Repurchases of shares - - - - - -
Share-based compensation - - - (175) - (175)

At June 30, 2009 3,444 57 154 1,017 2,213 6,885

At January 1, 2008 3,444 48 154 1,122 9,380 14,148

Other comprehensive income attributable - - - - 1,853 1,853
to Royal Dutch Shell plc shareholders
Repurchases of shares - 5 - - - 5
Share-based compensation - - - (107) - (107)
At June 30, 2008 3,444 53 154 1,015 11,233 15,899

[A] The merger reserve was established in 2005, when Royal Dutch Shell plc
("Royal Dutch Shell") became the single parent company of Royal Dutch
Petroleum Company ("Royal Dutch") and of The Shell Transport and Trading
Company Limited (previously known as The "Shell" Transport and Trading
Company, p.l.c.) ("Shell Transport") the two former public parent companies of
the Group. It relates primarily to the difference between the nominal value of
Royal Dutch Shell shares issued and the nominal value of Royal Dutch and Shell
Transport shares received.

3. Earnings per share

Six months ended June 30,
2009 2008

Income attributable to Royal 7,310 20,639
Dutch Shell plc
shareholders ($ million)
Basic weighted average
number of ordinary shares 6,124,153,494 6,182,927,817
Diluted weighted average
number of ordinary shares 6,126,901,303 6,199,685,973

4. Information by business segment

Six months ended June 30, 2009
$ million
Exploration
& Gas & Oil
Production Power Oil Sands Products Chemicals Corporate Total
Revenue
Third party 4,892 9,163 7 98,059 9,944 39 122,104
Inter-segment 12,661 292 870 806 1,339 -

Segment earnings 3,031 1,219 8 2,559 (79) 681 7,419

Six months ended June 30, 2008

$ million
Exploration
& Gas & Oil
Production Power Oil Sands Products Chemicals Corporate Total
Revenue
Third party 10,654 11,979 614 197,442 25,013 19 245,721
Inter-segment 25,184 726 1,621 2,255 3,236 -

Segment earnings 11,024 1,573 600 6,906 505 347 20,955

5. Ordinary share capital

$ million
June 30, 2009 June 30, 2008

Allotted, called up and fully paid
Class A ordinary shares 300 300
Class B ordinary shares 227 231
Sterling deferred [A] [A]
527 531
[A] Less than $1 million.

Responsibility statement

It is confirmed that to the best of our knowledge: (a) the condensed set of
financial statements has been prepared in accordance with IAS 34 `Interim
Financial Reporting'; (b) the interim management report includes a fair review
of the information required by DTR 4.2.7R (indication of important events
during the first six months of the financial year and description of principal
risks and uncertainties for the remaining six months of the financial year);
and (c) the interim management report includes a fair review of the
information required by DTR 4.2.8R (disclosure of related parties transactions
and changes thereto).

The Directors of Royal Dutch Shell plc are as listed in the Annual Report and
Form 20-F for the year ended December 31, 2008 except that:

- Maarten van den Bergh retired as a Director on May 19, 2009;

- Linda Cook resigned as a Director on June 1, 2009; and

- Simon Henry was appointed as a Director with effect from May 20, 2009.

Peter Voser Simon Henry

Chief Executive Officer Chief Financial Officer

July 30, 2009 July 30, 2009

END