LONDON, July 30 /PRNewswire-FirstCall/ --

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

All amounts shown throughout this report are unaudited.

The companies in which Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) 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 http://www.shell.com/investor and http://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 http://www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.

    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



                                                                   $ million
                                                    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 found near the end of this release 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 Royal Dutch Shell plc     133,509          127,285
    shareholders
    Minority interest                                  1,613            1,581
    Total equity                                     135,122          128,866
    Total liabilities and equity                     291,737          282,401

The Notes found near the end of this release 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
                                capital   shares      reserves[A]  earnings

    At January 1, 2009            527     (1,867)      3,178        125,447

    Comprehensive income            -          -       3,882          7,310
    Capital contributions
    from minority
    shareholders and other
    changes in minority
    interest                        -          -           -              3
    Dividends paid                  -          -           -         (5,257)
    Treasury shares: net
    sales/(purchases) and
    dividends received              -        234           -              -
    Repurchases of shares           -          -           -              -
    Share-based compensation        -          -        (175)           227
    At June 30, 2009              527     (1,633)      6,885        127,730

    At January 1, 2008            536     (2,392)     14,148        111,668

    Comprehensive income            -          -       1,853         20,639
    Capital contributions
    from minority
    shareholders and other
    changes in minority
    interest                        -          -           -             59

    Dividends paid                  -          -           -         (4,818)
    Treasury shares:
    net sales/(purchases)
    and dividends received          -        442           -              -
    Repurchases of shares          (5)         -           5         (2,237)
    Share-based compensation        -          -        (107)            18
    At June 30, 2008              531     (1,950)     15,899        125,329


    [A] See Note 2.

    Condensed Consolidated Statement of Changes in Equity (cont.)
                                                                    $ million
                Equity attributable to Royal Dutch Shell plc shareholders
                                                          Minority    Total
                                               Total      interest    equity
    At January 1, 2009                       127,285       1,581     128,866

    Comprehensive income                      11,192         112      11,304
    Capital contributions from minority
    shareholders and other changes in minority
    interest                                       3          19          22

    Dividends paid                            (5,257)        (99)     (5,356)
    Treasury shares: net sales/(purchases)
    and dividends received                       234           -         234
    Repurchases of shares                          -           -           -
    Share-based compensation                      52           -          52
    At June 30, 2009                         133,509       1,613     135,122

    At January 1, 2008                       123,960       2,008     125,968

    Comprehensive income                      22,492         206      22,698
    Capital contributions from minority
    shareholders and other changes in minority
    interest                                      59          52         111
    Dividends paid                            (4,818)       (166)     (4,984)
    Treasury shares: net sales/(purchases)
    and dividends received                       442           -         442
    Repurchases of shares                     (2,237)          -      (2,237)
    Share-based compensation                     (89)          -         (89)
    At June 30, 2008                         139,809       2,100     141,909

The Notes found near the end of this release 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 found near the end of this release 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
                                                Capital
                                 Merger         redemption      Share premium
                                 reserve[A]     reserve         reserve
    At January 1, 2009            3,444             57             154

    Other comprehensive income
    attributable to Royal Dutch
    Shell plc shareholders            -              -               -
    Repurchases of shares             -              -               -
    Share-based compensation          -              -               -
    At June 30, 2009              3,444             57             154

    At January 1, 2008            3,444             48             154

    Other comprehensive income
    attributable to Royal Dutch
    Shell plc shareholders            -              -               -
    Repurchases of shares             -              5               -
    Share-based compensation          -              -               -
    At June 30, 2008              3,444             53             154

[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

    2. Other reserves (cont.)
                                                                 $ million

                                                  Accumulated
                                    Share         other
                                    plan          comprehensive
                                    reserve       income               Total
    At January 1, 2009              1,192        (1,669)               3,178

    Other comprehensive income
    attributable to Royal Dutch
    Shell plc shareholders              -         3,882                3,882
    Repurchases of shares               -             -                    -
    Share-based compensation         (175)            -                 (175)
    At June 30, 2009                1,017         2,213                6,885

    At January 1, 2008              1,122         9,380               14,148

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



    3. Earnings per share
                                          Six months ended June 30,
                                              2009            2008
    Income attributable to Royal
    Dutch Shell plc shareholders
    ($ million)                              7,310          20,639

    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    Oil
              Production     Power  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    Oil
              Production     Power  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.

SOURCE Royal Dutch Shell plc

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