3RD QUARTER 2014 UNAUDITED RESULTS
* Royal Dutch Shell's third quarter 2014 earnings, on a current cost of
supplies (CCS) basis (see Note 2), were $5.3 billion compared with $4.2
billion for the same quarter a year ago.
* Third quarter 2014 CCS earnings excluding identified items (see page 5)
were $5.8 billion compared with $4.5 billion for the third quarter 2013, an
increase of 31%.
* Compared with the third quarter 2013, CCS earnings excluding identified
items benefited from improved Downstream and Upstream results. In
Downstream, earnings benefited from increased contributions from refining
including improved operating performance, and trading. In Upstream,
earnings increased due to the impact of new, higher-margin production,
lower exploration expenses, and higher earnings from Integrated Gas,
despite the effect of lower oil prices and volumes overall. The increase of
a deferred tax liability as a result of the weakening Australian dollar
reduced earnings by some $400 million compared with the third quarter 2013.
* Basic CCS earnings per share excluding identified items increased by 30%
versus the third quarter 2013.
* Cash flow from operating activities for the third quarter 2014 was $12.8
billion, compared with $10.4 billion for the same quarter last year.
Excluding working capital movements, cash flow from operating activities
for the third quarter 2014 was $11.1 billion, compared with $9.9 billion
for the third quarter 2013.
* Capital investment for the third quarter 2014 was $8.5 billion. Net capital
investment (see Note 2) for the third quarter was $4.8 billion, compared
with $9.4 billion for the same period a year ago.
* Total cash dividends paid to shareholders in the third quarter 2014 were
$3.0 billion. During the third quarter some 18.5 million shares were bought
back for cancellation for a consideration of $0.8 billion.
* Gearing at the end of the third quarter 2014 was 11.7%.
* A third quarter 2014 dividend has been announced of $0.47 per ordinary
share and $0.94 per American Depositary Share ("ADS"), an increase of 4%
compared with the third quarter 2013.