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1 First quarter 2019 results Delivering a world - class investment case Royal Dutch Shell plc May 2, 2019 #makethefuture Royal Dutch Shell May 2, 2019

2 Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell May 2, 2019

3 Gearing is defined as net debt (current and noncurrent debt less cash and cash equivalents, adjusted for fair value of deriva e financial instruments used to hedge foreign exchange and interest rate risks relating tiv to debt, and associated collateral balances) as a percentage of total capital (net debt plus total equity). Free Cash Flow is de fined as the sum of “Cash flow from operating activities” and “Cash flow from investing activities”. Cash flow from operating activities excluding working capital movements is defined as “Cash flow from operating act ivities” less the sum of the following items in the Consolidated Statement of Cash Definitions & Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Organic free cash flow is defined as free cash flow excluding inorganic capital investment (acquisitions; Q1 2019 4Q rolling amounting to $0.4 billion) and divestment proceeds (Q1 2019 4Q ro lling amounting to $9.6 billion). ROACE on a CCS basis excluding identified items is defined as the sum of CCS earnings excluding identified items for the current and previous three quarters, adjusted for after - tax interest expense, expressed as a percentage of the average capital cautionary note employed for the same period. The after tax interest expense is calculated using the effective tax rate for the same period. Cap ital employed consists of total equity, current debt and non - current debt. Earnings on - - a current cost of supplies basis (CCS earnings) is the income for the period, adjusted for the after - price cha nges on inventory. Basic CCS earnings per share is calculated by dividing CCS earnings tax effect of oil attributable to shareholders by the average number of shares outstanding over the year. Capital investment comprises Capital exp enditure, Investments in joint ventures and associates and Investments in equity securities, exploration expense excluding well write - offs, leases recognised in the period and other adjustments. Cash capital expenditure is introduced with effect from January 1, 2019, comprising the fo llowing lines from the Consolidated Statement of Cash Flows: Capital expenditure, Investments in joint ventures and associates and In ves - GAAP measures are tments in equity securities. Reconciliations of the above non - month period ended March 31, 2019. included in the Royal Dutch Shell plc Unaudited Condensed Interim Financial Report for three Also, in this presentation we may refer to “Shell’s Net Carbon Footprint”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supply ing energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions but, to support society in achieving the Pari s A greement goals, we aim to help and influence such suppliers and consumers to likewise lower their emissions. The use of the terminology “Shell’s net carbon footprint” is for convenience only and not intended to sug gest these emissions are those of Shell or its subsidiaries. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this pr ntation “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for ese convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us ” a nd “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particu lar entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this presentation refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entit ies and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither con trol nor joint control are referred to as “associates”. The term “Shell interest” is used for ment, after exclusion of all third convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arra nge - party interest. This presentation contains forward - f 1995) concerning the financial condition, results of operations and businesses of looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act o - looking statemen - looking statements are statements of future expectations that are based Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward ts. Forward ctu on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause a al 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 exposur e of Royal Dutch Shell to market risks and statements expressing management’s - looking statements are identified by the expectations, beliefs, estimates, forecasts, projections and assumptions. These forward ir use of terms and phrases such as “aim”, “ambition’, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘p ect’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There roj mat looking statements included in this - are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ erially from those expressed in the forward presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for ll’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves She estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with th e 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 or of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement f shared costs; and (m) changes in trading conditions. No assurance is provided that - looking statements contained in this prese ntation are expressly qualified in their entirety by the cautionary statements future dividend payments will match or exceed previous dividend payments. All forward - looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20 - F contained or referred to in this section. Readers should not place undue reliance on forward for the year ended December 31, 2018 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qu alify all forward - looking statements contained in this presentation and should be considered by the reader. Each forward looking statement speaks only as of the date of this presentation, May 2, 2019 . 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 l ight of these risks, results could differ materially from those stated, implied or inferred from the forward - looking statements contained in this presentation. We may have used certain terms, such as resources, in this p resentation that the United States Securities and Exchange Commission (SEC) F, File No 1 - 32575, available on the SEC website www.sec.gov. 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 - 3 May 2, 2019 Royal Dutch Shell

4 Summary Key messages Thrive in the energy Q1 2019 ◼ transition Strong results Cash flow from operations excl. working capital movements of $12.1 billion CCS earnings of $5.3 billion Confidence in delivery of 2020 commitments - World class investment case ◼ Portfolio reshaping Continued growth in Deep water, Conventional Oil & Gas, Retail Further $2 billion divestments announced or completed in 2019 Strong Financial framework ◼ license Cash priorities, capital discipline unchanged to operate Next $2.75 billion tranche of share buybacks announced Divestments: headline as per announcement. 4 May 2, 2019 Royal Dutch Shell

5 Q1 2019 Cash flow Cash Financial Strong cash generation across all businesses ◼ from operations $12.1 billion generation ◼ Negative impact of working capital movements ($3.5) billion excluding highlights: working capital summary Of which $3.4 billion organic free cash flow ◼ $4.0 billion Free cash flow and Downstream Higher contributions from LNG optimisation ◼ $5.3 billion Earnings Returns ◼ Strong Upstream contribution, mainly from US Gulf of Mexico ◼ ROACE of 8.6% pre - IFRS 16 change 8.4% ROACE IFRS 16 lease recognition resulted in gearing increase by 4.6% ◼ Gearing 26.5% Disciplined ◼ Further negative impact from working capital movements cash Capital allocation 30 billion (pre - IFRS 16) ◼ 2019 capital investment of $25 - billion $6.7 investment Cash capital billion leases Compared to capital investment ex ~$1 ◼ cludes $5.6 billion capitalised in Q1 2019 and $0.2 billion exploration expense expenditure Q1 2019 average Brent billion announced $2.75 Next tranche of up to ◼ Share $2.3 billion $63 price: bbl / Intention to purchase $25 billion by end of 2020 ◼ buybacks Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019). er progress with debt reduction and oil price conditions. rth Share buybacks: repurchases completed in Q1 2019, tranches announced do not align with quarters. Share buybacks subject to fu 5 May 2, 2019 Royal Dutch Shell

6 CFFO excl. working capital – Clean CCS ROACE 4 quarters rolling – 4 quarters rolling Competitive % $ billion performance 50 10 40 8 Thousands 30 6 20 4 10 2 0 0 17Q1 16Q3 18Q3 18Q1 17Q3 19Q1 16Q1 18Q3 16Q1 16Q3 17Q1 17Q3 18Q1 19Q1 Peer group Shell Improving ROACE on clean CCS basis leading cash generation - Sector ◼ ◼ rest paid (CFFF) for RDS. ROACE according to new definition (updated as of Q1 2019). ROACE: European companies: CCS basis nte Competitive financial data as per company reports. CFFO excl. working capital corrected for interest received (in CFFI) and i operating items, adjusted for - excluding identified items (or equivalent), US companies: reported earnings excluding special non tax interest expense; Capital employed on gross debt basis, including lease liabilities. - after 6 May 2, 2019 Royal Dutch Shell

7 Strong societal licence to operate Shell has a long Good Trusted history of caring products No harm company 7 May 2, 2019 Royal Dutch Shell

8 Q3 2018 Po rtfolio first production from Lula North in the Brazilian Santos Basin – - P ◼ 67 FPSO Upstream and Other portfolio ◼ FID on growth programme; to increase capacity by 40% – Basrah Gas Company highlights Integrated Gas developments Deep water Gulf of Mexico discovery in – Blacktip ◼ with more than 400 feet of net oil pay - sale of interest in Deep water Gulf of Mexico asset for $965 million – Tonga Caesar ◼ first condensate cargo loaded on 23 March 2019 – Prelude ◼ ◼ - completed sale of interest in Timor – Greater Sunrise Leste for $300 million consideration Downstream Retail growth ◼ – in last 2 quarters, 250 sites added in growth markets - ◼ V – 900 sites in China now offering V - Power Power reach Retail offers - ◼ new customer offers including nature based solutions carbon offsets – ◼ SASREF refinery – sale of Shell’s full equity interest (50%) to Saudi Aramco ◼ sonnen – 100% acquisition, a leader in smart energy storage systems and innovative New Energies energy services for households 100% acquisition, a UK based energy technology company providing - – Limejump ◼ optimised routes to market for customers with electricity generating or consuming assets - based leader in electric vehicle (EV) charging and ◼ Greenlots – 100% acquisition, a US energy management software and solutions 8 May 2, 2019 Royal Dutch Shell

9 Portfolio highlights Portfolio optimisation Portfolio rationalisation – SASREF refinery – Bukom refinery - grading our High refinery portfolio Pulau Bukom refinery, Singapore SASREF refinery, Saudi Arabia Shell to sell its full 50% interest in the SASREF refining Installation of two crude oil tanks at ◼ refinery Bukom ◼ ◼ Storage capacity increased by around 1.3 million joint venture to Saudi Aramco ◼ barrels of crude oil, offering flexible options leading SASREF represents a long and successful collaboration up to IMO2020 between Shell and Saudi Aramco Strengthens Bukom’s flexibility and enables further Divestment is part of Shell’s drive to focus its refining ◼ ◼ - , secures the best optimisation portfolio on sites closely integrated with trading hubs supply and distribution and chemicals facilities value crude for the refinery 9 May 2, 2019 Royal Dutch Shell

10 of which $ billion Q1 2018 Q1 2019 Q1 2019 Earnings Q1 2018 to Q1 2019 IFRS 16 impact Financial $ billion +0.06 2.4 Integrated Gas 2.6 8 highlights: +0.04 Upstream 1.6 1.7 earnings +0.04 1.8 Downstream (CCS) 1.8 0.2 6 0.2 ~0 0.4 (0.2) Corporate & - 0.18 (0.4) (0.8) ~(0) (0.7) non controlling interest - 4 0.04 - 5.3 5.4 CCS earnings CCS earnings, $ per 5.4 5.3 - 0.01 0.65 0.65 share 2 - 0.2 8.4 7.1 ROACE (%) 0 - $0.2bln. ost +$0.4bln, DD&A , C I Earnings and ROACE on CCS basis, excluding identified items. Graph: - $0.5bln, Interest ndividual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Prices and Margins +$0.2bln 10 May 2, 2019 Royal Dutch Shell

11 of which $ billion Q1 2019 Q1 2018 Q1 2019 CFFO excl. working capital Q1 2018 to Q1 2019 IFRS 16 impact Financial $ billion +0.28 Integrated Gas 4.2 2.6 16 highlights: +0.19 5.3 3.6 Upstream cash flow +0.45 (0.6) 3.1 Downstream 0.8 0.3 0.3 12 +0.04 (0.3) 0.2 Corporate 0.9 (0.5) ~(0) Cash flow from +0.95 8.6 9.5 operations 8 Cash flow from operations 12.1 +0.81 10.4 12.1 10.4 excl. working capital 4 Cash flow from +0.12 (4.6) (4.3) investing activities 0 Free cash flow +1.07 5.2 4.0 - (4.0) Dividend (3.9) - 0.28 Interest paid (0.9) (1.1) - - (2.3) Share buybacks Dividend distributed to RDS shareholders. 11 May 2, 2019 Royal Dutch Shell

12 - Pre IFRS 16 IFRS 16 - Post Q1 2019 Cash flow Cash $0.8 billion, as lease payments now reported in ◼ Financial from operations CFFF $11.3 billion $12.1 billion generation excluding ◼ Increase in payables of $0.1 billion (affecting highlights: working capital) working capital IFRS 16 $1.1 billion, due to higher CFFO and lower ◼ $4.0 billion billion $2.9 Free cash flow CFFI ◼ Operating lease costs reported as depreciation $5.3 billion $5.3 billion and interest; net negative impact of $43 million Earnings Returns - not material ◼ 0.2% on higher closing capital employed, partly 8.6% 8.4% ROACE offset by higher after tax interest - 4.6%, as $16.2 billion lease liabilities recorded ◼ Gearing 21.9% 26.5% Disciplined on balance sheet cash Capital ◼ $0.7 billion to financial leases capitalized in the allocation $6.0 billion $6.7 billion quarter investment New performance measure; adds capital spend ◼ Cash capital transparency and allows visibility for underlying billion $5.6 expenditure capital costs excluding leases Q1 2019 average Brent Share billion billion $2.3 $2.3 bbl price: / $63 buybacks Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019). rth Share buybacks: repurchases completed in Q1 2019, tranches announced do not align with quarters. Share buybacks subject to fu er progress with debt reduction and oil price conditions. 12 May 2, 2019 Royal Dutch Shell

13 Summary Key messages Thrive in the energy Q1 2019 ◼ transition Strong results Cash flow from operations excl. working capital movements of $12.1 billion CCS earnings of $5.3 billion Confidence in delivery of 2020 commitments - World class investment case ◼ Portfolio reshaping Continued growth in Deep water, Conventional Oil & Gas, Retail Further $2 billion divestments announced or completed in 2019 Strong Financial framework ◼ license Cash priorities, capital discipline unchanged to operate Next $2.75 billion tranche of share buybacks announced Divestments: headline as per announcement. 13 May 2, 2019 Royal Dutch Shell

14 Questions & Answers Reminder of key dates: May 21, 2019 Annual General Meeting ◼ June 4, 2019 London Management Day 2019 ◼ June 5, 2019 New York Q2 2019 Results ◼ August 1, 2019 Jessica Uhl Chief Financial Officer 14 May 2, 2019 2019 , May 2 Royal Dutch Shell Royal Dutch Shell

15 Royal Dutch Shell May 2, 2019

16 Outlook Q2 2018 – Q2 2019 OUTLOOK: Year - ago baseline reflects Shell’s earnings seasonality Q2 2019 ◼ Integrated Gas - ◼ P roduction volumes: 10 into the Upstream 50 thousand boe /d lower, mainly due to divestments, transfer of Salym outlook segment, partly offset by new field ramp - ups and lower maintenance activities ◼ LNG liquefaction volumes: expected to be at a similar level ◼ Upstream Production volumes: 150 ups, lower maintenance activities - /d higher, mainly due to new field ramp boe 200 thousand ◼ - , partly offset by divestments and field decline Salym and transfer of ◼ Downstream ◼ Refinery availability expected to increase , as a result of lower maintenance activity ◼ Chemicals availability expected to decrease, as a result of higher maintenance activity ◼ Oil products sales volumes: 40 - 70 thousand boe /d lower, mainly as a result of the divestment in Argentina 2019 OUTLOOK: 2.8 billion for the full year 2019 on a post - 700 million in Q2, and $2.6 IFRS 16 - - ◼ Corporate segment: net charge of $650 basis, excluding the impact of currency exchange rate effects /d Shell share (97% liquids); 2018 net income: $0.1 billion. As of 2019, Salym (Russia) is reported within the Upstream segment. 2018 production: 62 kboe 16 May 2, 2019 Royal Dutch Shell

17 Q1 2019 Earnings & ROACE Cash flow Gearing Financial % $ billion $ billion $ billion % 60 10 25 30 100 highlights: 20 8 75 40 improving 20 15 6 50 year on year 4 10 20 10 25 2 5 0 0 0 0 0 -5 -2 19Q1 2017 2016 2018 2015 2017 19Q1 2018 2016 2015 2018 2016 2017 2015 19Q1 -20 4QR 4QR Downstream Net debt (at period end) Upstream CFFO IFRS 16 impact Integrated Gas CFFI Corporate + NCI Gearing ( ) ROACE RHS ( ) RHS FCF Gearing pre - IFRS 16 (RHS) ROACE pre IFRS 16 IFRS 16 (RHS) FCF pre - - Gearing increased to 26.5%, mostly $38 billion free cash flow 4Q rolling ◼ ◼ 4Q rolling earnings of $21 billion, ◼ negligible impact of IFRS 16 ◼ $29 billion organic free cash flow as effect of IFRS 16 Q1 2019 (4Q rolling) ◼ $1.1 billion help from IFRS 16 ◼ ROACE decreased by 0.3% to 8.4% Excluding IFRS 16 net debt increased ◼ average Brent price: by $4.7 billion, with gearing up from compared to Q4 2018, in large part 2021 - On track to deliver 2019 ◼ $70/ bbl outlook 20.3% in Q4 2018 to 21.9% in Q1 driven by increased closing capital employed balance due to IFRS 16 2019 Earnings and ROACE on CCS basis, excluding identified items. ROACE according to new definition (updated as of Q1 2019). Prici cycle Downstream. - assumption 2020: $60 per barrel real terms 2016, mid ng 17 May 2, 2019 Royal Dutch Shell

18 Outlook 2021 outlook Organic free cash flow bridge to 2019 - Organic free $ billion 2021 outlook of On track to deliver 2019 ◼ - 35 cash flow 30 billion organic free cash flow $25 - >5 30 25 - ~29 30 Normalised organic free cash flow excludes ◼ 25 ~24 (3) effects of IFRS 16 and working capital 20 movements 15 27 10 ◼ New projects provide free cash flow growth 5 Compared to Q4 2018, organic ◼ normalised 0 free cash flow improved by ~$1 billion 4QR Price Q1 2019 outlook CFFO from 2019-2021 key projects Q1 2019 normalisation 4QR, normalised Organic free cash flow Working capital movement and IFRS 16 impact act of IFRS 16 to stable $60 per barrel real terms 2016 oil price environment in 2020, assuming no working capital or margining movements. I normalised cycle Downstream. Organic free cash flow - 2021 outlook at $60 per barrel real terms 2016, mid - 2019 mp - 2021 outlook is indicative, calculated using rule - of - thumb. removed as 2019 - 2021 outlook provided pre - IFRS 16 implementation. Price effect between current Brent price and 2019 18 May 2, 2019 Royal Dutch Shell

19 Q1 2019 Industry chemicals margins Shell oil & gas realisations Industry refining margins Prices & margins $/barrel mscf $/ tonne $/barrel $/ 6 80 18 1000 5 15 800 60 4 12 600 40 3 9 400 2 6 20 200 1 3 0 0 0 0 18Q3 18Q4 19Q1 18Q1 18Q2 18Q1 18Q2 18Q3 18Q4 19Q1 19Q1 18Q2 18Q1 18Q3 18Q4 Oil US ethane US West Coast Western Europe naphtha US Gulf Coast coking ) RHS Gas ( NE/SE Asia naphtha Rotterdam complex Singapore 19 May 2, 2019 Royal Dutch Shell

20 Q1 2019 Earnings Q1 2018 to Q1 2019 Integrated Gas $ billion Choice Environment results 3 0.3 0.1 0.2 ~0 (0.1) (0.3) (0.1) 2 2.6 2.4 1 0 - st +$0.04bln, DD&A $0.14bln. Earnings on CCS basis, excluding identified items. I ndividual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Prices & margins +$0.16bln, Co 20 May 2, 2019 Royal Dutch Shell

21 Q1 2019 Earnings Q1 2018 to Q1 2019 Upstream $ billion Choice Environment results 3 0.5 2 0.2 ~0 (0.1) (0.3) ~(0) ~(0) (0.1) 1 1.7 1.6 0 . - $0.10bln Earnings on CCS basis, excluding identified items. I ndividual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Cost +$0.14bln, DD&A 21 May 2, 2019 Royal Dutch Shell

22 Q1 2019 Earnings mix Earnings Q1 2018 to Q1 2019 Downstream $ billion $ billion 3 10 results 0.2 2 ~0 0.2 ~(0) ~(0) (0.3) 5 1 1.8 1.8 0 0 2018 Q1 2019 2016 2017 4Q rolling Marketing Refining & Trading Chemicals Earnings on CCS basis, excluding identified items. I ndividual categories presented excluding IFRS 16 impact; IFRS 16 impact on individual categories: Refining & Trading margins +$0 .08bln, Cost +$0.22bln, DD&A - $0.26bln. 22 May 2, 2019 Royal Dutch Shell

23 IFRS 16 Q1 2019 impact Outlook for 2019 Impact on ◼ Full impact recognised in Q1 2019, in 5% - ~4% 4.6% Gearing financial metrics increase increase line with guidance provided Q1 2019 impact lower than outlook ◼ Operating ~$2 - 3 billion $0.4 billion ◼ Full year impact expected at the lower end decrease decrease expenses of the range provided ◼ Business segments: $140 million Segment ~$1 billion $0.2 billion ◼ Corporate: $(183) million impact impact earnings Net impact: $(43) million ◼ CFFO increase of $0.9 billion ◼ ~$4 billion $1.1 billion Free cash flow CFFI increase of $0.1 billion ◼ increase increase ◼ Fully offset by CFFF decrease ◼ Q1 2019 impact due to finance leases Capital 2 billion - ~$1 $0.7 billion in the quarter capitalised increase increase investment Full year outlook unchanged ◼ ◼ Partial impact recognized in Q1 2019 Key metrics change, no (higher closing capital employed, partly Clean CCS ~0.5% 0.2% decrease decrease offset by one quarter of increased interest business or value impact ROACE expense after tax) Outlook for 2019 as provided during the IFRS 16 update call on March 28, 2019. 23 May 2, 2019 Royal Dutch Shell

24 LNG capacity Peak Production Shell Shell 100% 100% share [A] Projects /d kboe Products mtpa Start up Project % operated Theme Country P  United States 79 175 Appomattox Deep water 2019 under  Brazil [B] 68) Deep water - SW (P Sururu and Berbigão 150 25  P 40 and Conventional oil Forcados gas 30 Nigeria Integrated Project (FYIP) Yokri construction P  50 Deep water 29 Gumusut - Kakap Ph2 Malaysia P  ~250 various United States & Canada Shales Permian + Fox Creek [C]  Rabab Oman Conventional oil and 34 35 Integrated Project Harweel gas P  Conventional oil 30 Nigeria Southern Swamp AG 40 and gas  50 and gas 25 Italy Rossa Tempa Conventional oil  and gas 50 52 Egypt Conventional oil WDDM 9B  United Arran gas and Conventional oil 45 30 Kingdom 2020+  P Conventional oil Assa 60 30 Nigeria and North gas  Brazil [B] Deep water 70) - 1 (P Atapu 150 25  Deep water TBD (P71) [B] Brazil 25 150  P and Malaysia (SK408) Larak / Gorek / Bakong 30 gas 75 Conventional oil  EA Further Development Nigeria 30 35 Conventional oil and gas  Gorgon backfill PhB1 Integrated Gas 25 maintain capacity Australia 2019 Shell share:  gas and Conventional oil 60 30 Malaysia KBB Phase 2  /d ▪ kboe >300 - 14 40 Canada 2 Integrated Gas LNG Canada T1  Mero 1 [B] Brazil Deep water 20 180  Conventional oil gas 95 20 Malaysia Pegaga and P  Penguins Redevelopment 45 50 United Kingdom Conventional oil and gas 2020+ Shell share: P  1.5 mtpa C2 100 Pennsylvania cracker Chemicals United States  and Conventional oil gas 255 8 Norway Troll Ph3 kboe >350 ▪ /d  and Tyra Future 80 gas Conventional oil 37 Denmark P  Vaca ~70 Argentina [D] Shales Muerta ~90 basin ▪ 5.6 mtpa LNG P  Deep water 100 63 United States Vito 1.5 ▪ ethylene mtpa lement share of production and is the peak it agreements; production shown is FPSO oil capacity as per operator. [C] Fox Creek and Permian production represents Shell ent unitisation [A] Direct and indirect share. [B] The Brazil accumulations are subject to production expected between 2017 and 2019. [D] Sierras Blancas Coiron Amargo SO at 80% Shell share. and Cruz de Lorena at 90% Shell share, 24 May 2, 2019 Royal Dutch Shell

25 Peak Production Shell LNG capacity 100% share [A] 100% Shell - FID Pre kboe /d Phase Project mtpa Products Theme % Country operated  P Bonga South West 43 175 Deep water Nigeria Define options  P Conventional oil Ph3 Gbaran and gas 30 50 Nigeria  P Lake Charles LNG United States 50 Integrated Gas 16.8  26 7.4 Integrated Gas Nigeria NLNG T7  P 93 gas 20 Pierce Depressurisation Conventional oil and United Kingdom  P 100 35 United States Deep water Powernap  P Prelude backfill Australia 82 maintain capacity Integrated Gas  gas Salym Southern Hub Russia 50 65 and Conventional oil P  and gas Uzu Development Nigeria 30 45 Conventional oil  Val d’Agri Future Development gas and Conventional oil 39 65 Italy  Integrated Gas Abadi Indonesia 35 244 9.5 Assess/ P  Afungi Mozambique 70 1.6 mtpa GTL Integrated Gas Select P  Deep water Nigeria 55 80 Bonga Main Life Extension & Upgrade P  Deep water Bonga North Tranche 1 Nigeria 55 119  Browse Australia 27 TBD Integrated Gas P  Oil Products upgrade Gasoline 100 Bukom Singapore  Cambo United Kingdom 30 40 Conventional oil and gas  and gas Clair South United Kingdom 28 60 Conventional oil P  Colibri Trinidad & Tobago 87 35 Integrated Gas P  Dover United States 100 TBD Deep water P  Deep water 99 Brazil Gato do Mato 80  Shell share potential: 25 Australia Gorgon backfill PhB2 Integrated Gas maintain capacity  25 Integrated Gas Gorgon backfill PhB3/PhC1/PhC2 maintain capacity Australia ▪ ~1,000 kboe /d P  Oman Integrated GTL Integrated Gas TBD TBD TBD (continues) Oman mtpa ▪ >24 LNG [A] Direct and indirect share. 25 May 2, 2019 Royal Dutch Shell

26 Shell LNG capacity Peak Production 100% Shell 100% share [A] FID Pre - kboe /d % Country Project Products Theme Phase operated mtpa  P Assess/ HA Development Nigeria 30 60 Conventional oil and gas options P  gas HI Development Nigeria 40 75 and Conventional oil Select (continued)  P 74 40 Conventional oil United Kingdom gas Jackdaw and  30 95 Jerun Conventional oil and gas Malaysia  Kalamkas Kazakhstan gas 55 17 Conventional oil and  gas Kazakhstan 17 65 Conventional oil and Kashagan CFP  KGK Expansion Ph1 Kazakhstan 29 40 gas Conventional oil and  4 Integrated Gas Canada 14 LNG Canada T3 - 40  P gas and Conventional oil 75 100 Malaysia Rosmari Marjoram/  Mero 2[B] Brazil 20 180 Deep water  Deep water Mero 3[B] Brazil 20 180  Deep water 4[B] Brazil 20 180 Mero P  The Netherlands 100 Ethylene Moerdijk NWE efficiency project Chemicals  TBD TBD Chemicals Iraq Nebras TBD P  Norco upgrade Oil Products United States Gasoline 100 P  and Conventional oil gas 85 24 Okpokunou Cluster Development Nigeria P  3 Norway gas Ormen Lange Phase 18 Conventional oil and 80  40 Conventional oil and gas Kazakhstan Pearls Khazar 55  maintain capacity 50 QGC backfill (Arrow) Integrated Gas Australia  5.4 28 Russia Sakhalin T3 Integrated Gas  P 12 Integrated Gas 30 Tanzania Tanzania TBD Shell share potential:  40 gas 75 Malaysia Timi Conventional oil and  P Deep water TBD 60 Whale United States /d kboe ~1,000 ▪ >24 ▪ LNG mtpa [A] Direct and indirect share. [B] The Brazil accumulations are subject to unitisation agreements; production shown is FPSO oil capacity as per operator. 26 May 2, 2019 Royal Dutch Shell

27 Royal Dutch Shell May 2, 2019

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