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ROYALDUTCHSHELLPLCINVESTORDAYNEWYORKSEPTEMBER2011 1 CopyrightofRoyalDutchShellplc 9September2011 3 CopyrightofRoyalDutchShellplc 9September2011 DEFINITIONSANDCAUTIONARYNOTEResources Ouruseoftheterm resources inthispresentationincludesquantitiesofoilandgasnotyetclassifiedasSECprovedoilandgasreservesorSECprovenminingreserves ResourcesareconsistentwiththeSocietyofPetroleumEngineers2Pand2Cdefinitions ThecompaniesinwhichRoyalDutchShellplcdirectlyandindirectlyownsinvestmentsareseparateentities Inthispresentation Shell Shellgroup and RoyalDutchShell aresometimesusedforconveniencewherereferencesaremadetoRoyalDutchShellplcanditssubsidiariesingeneral Likewise thewords we us and our arealsousedtorefertosubsidiariesingeneralortothosewhoworkforthem Theseexpressionsarealsousedwherenousefulpurposeisservedbyidentifyingtheparticularcompanyorcompanies Subsidiaries Shellsubsidiaries and Shellcompanies asusedinthispresentationrefertocompaniesinwhichRoyalDutchShelleitherdirectlyorindirectlyhascontrol byhavingeitheramajorityofthevotingrightsortherighttoexerciseacontrollinginfluence ThecompaniesinwhichShellhassignificantinfluencebutnotcontrolarereferredtoas associatedcompanies or associates andcompaniesinwhichShellhasjointcontrolarereferredtoas jointlycontrolledentities Inthispresentation associatesandjointlycontrolledentitiesarealsoreferredtoas equity accountedinvestments Theterm Shellinterest isusedforconveniencetoindicatethedirectand orindirect forexample throughour24 shareholdinginWoodsidePetroleumLtd ownershipinterestheldbyShellinaventure partnershiporcompany afterexclusionofallthird partyinterest Thispresentationcontainsforward lookingstatementsconcerningthefinancialcondition resultsofoperationsandbusinessesofRoyalDutchShell Allstatementsotherthanstatementsofhistoricalfactare ormaybedeemedtobe forward lookingstatements Forward lookingstatementsarestatementsoffutureexpectationsthatarebasedonmanagement scurrentexpectationsandassumptionsandinvolveknownandunknownrisksanduncertaintiesthatcouldcauseactualresults performanceoreventstodiffermateriallyfromthoseexpressedorimpliedinthesestatements Forward lookingstatementsinclude amongotherthings statementsconcerningthepotentialexposureofRoyalDutchShelltomarketrisksandstatementsexpressingmanagement sexpectations beliefs estimates forecasts projectionsandassumptions Theseforward lookingstatementsareidentifiedbytheiruseoftermsandphrasessuchas anticipate believe could scheduled estimate expect goals intend may objectives outlook plan probably project risks seek should target will andsimilartermsandphrases ThereareanumberoffactorsthatcouldaffectthefutureoperationsofRoyalDutchShellandcouldcausethoseresultstodiffermateriallyfromthoseexpressedintheforward lookingstatementsincludedinthispresentation including withoutlimitation a pricefluctuationsincrudeoilandnaturalgas b changesindemandforShell sproducts c currencyfluctuations d drillingandproductionresults e reservesestimates f lossofmarketshareandindustrycompetition g environmentalandphysicalrisks h risksassociatedwiththeidentificationofsuitablepotentialacquisitionpropertiesandtargets andsuccessfulnegotiationandcompletionofsuchtransactions i theriskofdoingbusinessindevelopingcountriesandcountriessubjecttointernationalsanctions j legislative fiscalandregulatorydevelopmentsincludingregulatorymeasuresaddressingclimatechange k economicandfinancialmarketconditionsinvariouscountriesandregions l politicalrisks includingtherisksofexpropriationandrenegotiationofthetermsofcontractswithgovernmentalentities delaysoradvancementsintheapprovalofprojectsanddelaysinthereimbursementforsharedcosts and m changesintradingconditions Allforward lookingstatementscontainedinthispresentationareexpresslyqualifiedintheirentiretybythecautionarystatementscontainedorreferredtointhissection Readersshouldnotplaceunduerelianceonforward lookingstatements AdditionalfactorsthatmayaffectfutureresultsarecontainedinRoyalDutchShell sAnnualPresentation Form20 FfortheyearendedDecember31 2010 ENERGYOUTLOOKGLOBALENERGYMIXMlnBoe d 400300 IndustryoutlookHydrocarbonsdominateoutlookGrowthrequiredinallsectorsofenergymix Energypolicy sustainedinvestment200Shell 0 100 1990 2000 2050 Crudeoil oilprod