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6-K

FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For July 2008

Commission File Number: 1-32575

Royal Dutch Shell plc

(Exact name of registrant as specified in its charter)

England and Wales

(Jurisdiction of incorporation or organization)

30, Carel van Bylandtlaan, 2596 HR The Hague

The Netherlands

Tel No: (011 31 70) 377 9111

(Address of principal executive officers)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-

2ND QUARTER 2008 UNAUDITED RESULTS

•		Royal Dutch Shell’s second quarter 2008 earnings, on a current cost of supplies (CCS) basis, were $7.9 billion compared to $7.6 billion a year ago. Basic CCS earnings per share increased by 7% versus the same quarter a year ago.

•		A second quarter 2008 dividend has been announced of $0.40 per share, an increase of 11% over the US dollar dividend for the same period in 2007.

•		Cash flow from operating activities for the second quarter 2008, excluding net working capital movements, was $15.9 billion. Net capital investment for the quarter was $5.7 billion. Total distribution to shareholders, in the form of dividends and share repurchases, was $3.8 billion and gearing was 14.5% at the end of the second quarter.

•		On July 17, 2008, Royal Dutch Shell, through its wholly owned subsidiary Shell Canada Limited, launched an offer to acquire all of the outstanding shares of Duvernay Oil Corp. at a total price of C$5.9 billion, including debt. The offer is subject to certain conditions and regulatory approvals.

Royal Dutch Shell Chief Executive Jeroen van der Veer commented:
“This is another set of competitive earnings for Shell shareholders. Good operating performance, combined with increased oil and gas prices, offset the impact of weaker downstream conditions in the second quarter 2008. Shell is making substantial, targeted investments to grow the company for shareholders and help ensure that energy markets remain well supplied. Spending is increasing on new acreage and selective acquisitions as we refresh the portfolio with new options for future growth. Our strategy is on track.”

SUMMARY UNAUDITED RESULTS

Quarters

$ million

Six Months

Q2 2008

Q1 2008

Q2 2007

%¹

2008

2007

11,556

9,083

8,667

+33

Income attributable to shareholders

20,639

15,948

+29

3,654

1,307

1,111

Less: Estimated CCS adjustment for Oil

4,961

1,460

Products and Chemicals (see note 2)

7,902

7,776

7,556

CCS earnings

15,678

14,488

1.87

1.47

1.38

+36

Basic earnings per share ($)

3.34

2.54

+31

0.59

0.21

0.18

Less: Estimated CCS adjustment per share ($)

0.80

0.23

1.28

1.26

1.20

Basic CCS earnings per share ($)

2.54

2.31

+10

0.40

0.40

0.36

+11

Dividend per ordinary share ($)

0.80

0.72

+11


¹		Q2 on Q2 change

The information in these quarterly results reflects the consolidated financial position and results of Royal Dutch Shell plc (“Royal Dutch Shell”). All amounts shown throughout this report are unaudited. Registered Office: England, Company No. 4366849, Shell Centre, London, SE1 7NA, UK

Royal Dutch Shell plc 2

KEY FEATURES OF THE SECOND QUARTER 2008

•		Second quarter 2008 CCS earnings were $7,902 million or 5% higher than in the same quarter a year ago.

•		Second quarter 2008 reported income was $11,556 million or 33% higher than in the same quarter a year ago.

•		As a result of strong increases in oil and related product prices during the second quarter 2008, Oil Products earnings were reduced by some $450 million of non-cash charges related to fair value accounting of commodity derivatives. In addition, strong increases in natural gas and power prices resulted in Gas & Power earnings being reduced by non-cash charges of some $300 million related to fair value accounting of commodity derivatives associated with long-term contracts. (see Note 8)

•		Basic CCS earnings per share increased by 7% versus the same quarter a year ago.

•		Total cash returned to shareholders in the form of dividends and share repurchases in the second quarter 2008 was $3.8 billion.

•		Cash flow from operating activities, excluding net working capital movements, was $15.9 billion compared to $10.6 billion for the same quarter last year. Including net working capital movements, cash flow from operating activities was $4.2 billion compared to $8.8 billion in the second quarter 2007.

•		Capital investment for the second quarter 2008 was $8.0 billion, with net capital investment (capital investment, less divestment proceeds) of $5.7 billion. As the portfolio focus continues, asset sales proceeds in 2008 are expected to increase from around $4 billion to some $5 billion. Acquisitions in 2008 are estimated at around $10 billion, including new growth positions such as new exploration and Australia coal bed methane assets and the offer to acquire Duvernay Oil Corp. Net capital investment for the full year 2008 is expected to be in the range of $35-36 billion, including these acquisitions.

•		Return on average capital employed (ROACE), on a reported income basis (see note 3), was 25.8%.

•		Gearing (see Note 5) was 14.5% at the end of the second quarter 2008 versus 12.0% at the end of the second quarter 2007.

•		Oil and gas production, including oil sands bitumen production, for the second quarter 2008 was 3,126 thousand barrels of oil equivalent per day (boe/d), compared to 3,178 thousand boe/d in the same quarter last year. Excluding the impact of divestments and production sharing contracts (PSC) pricing effects, second quarter 2008 production was in line with the same quarter last year.

•		Liquefied Natural Gas (LNG) sales volumes of 3.08 million tonnes were 5% lower than in the same quarter a year ago.

•		Oil Products refinery availability was 92%, at the same level as in the second quarter 2007. Chemicals manufacturing plant availability increased to 95% from 93% in the second quarter 2007. Oil Sands upgrader availability was 96%, unchanged compared to the same quarter last year.

•		Oil Products sales volumes in the second quarter 2008 increased by 2% compared to the same quarter last year. Chemical product sales volumes decreased by 5% compared to the second quarter 2007.

SUMMARY UNAUDITED RESULTS


Quarters									$ million	Six Months
Q2 2008	Q1 2008			Q2 2007			%¹			2008			2007			%
5,881		5,143			3,099				Exploration & Production²		11,024			6,492
625		948			779				Gas & Power		1,573			1,582
351		249			202				Oil Sands²		600			317
1,075		1,194			2,936				Oil Products (CCS basis)		2,269			4,424
(142)		201			494				Chemicals (CCS basis)		59			974
201		146			177				Corporate		347			978
(89)		(105	)		(131	)			Minority interest		(194	)		(279	)

7,902		7,776			7,556			+5	CCS earnings		15,678			14,488			+8


¹		Q2 on Q2 change

		² As from the fourth quarter 2007, the earnings of the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production earnings up to the third quarter 2007 have been reclassified by the amounts reported under the Oil Sands segment.

Royal Dutch Shell plc 3

SUMMARY OF IDENTIFIED ITEMS

Earnings in the second quarter 2008 reflected the following items, which in aggregate amounted to a net gain of $73 million (compared to a net gain of $660 million in the second quarter 2007), as summarised in the table below:

•		Exploration & Production earnings included a net gain of $98 million, reflecting a gain from divestments of $487 million, which was partly offset by a charge of $312 million related to the mark-to-market valuation of certain UK gas contracts and net tax charges of $77 million. Earnings for the second quarter 2007 included a net gain of $153 million reflecting a gain from divestment of $226 million and a gain of $19 million related to the mark-to-market valuation of certain UK gas contracts, which were partly offset by tax charges of $92 million.

•		Gas & Power earnings for the second quarter 2007 included a gain from divestments of $247 million.

•		Oil Products earnings included a gain of $181 million, reflecting a divestment gain of $167 million and a tax credit of $14 million. Earnings for the second quarter 2007 included a divestment gain of $205 million.

•		Chemicals earnings included a net charge of $206 million, reflecting asset impairments and provisions of $265 million, which were partly offset by a divestment gain of $59 million.

•		Corporate earnings for the second quarter 2007 included a gain of $55 million related to the sale of property in the United Kingdom.

SUMMARY OF IDENTIFIED ITEMS


Quarters						$ million	Six Months
Q2 2008	Q1 2008			Q2 2007			2008			2007

						Segment earnings impact of identified items:
98		(66	)		153	Exploration & Production		32			257
-		(11	)		247	Gas & Power		(11	)		286
-		—			—	Oil Sands		—			—
181		—			205	Oil Products (CCS basis)		181			29
(206)		—			—	Chemicals (CCS basis)		(206	)		—
-		—			55	Corporate		—			459
-		—			—	Minority interest		—			—
73		(77	)		660	CCS earnings impact		(4	)		1,031

These identified items generally relate to events with an impact of greater than $50 million on Royal Dutch Shell’s earnings and are shown to provide additional insight into its segment earnings, CCS earnings and income attributable to shareholders. Further additional comments on the business segments are provided in the section ‘Earnings by business segment’ on page 4 and onwards.

Commodity price effects

During the second quarter 2008 worldwide oil and gas related commodity marker prices significantly increased.

As a consequence, net working capital increased by $11.8 billion during the second quarter 2008, mainly due to the higher cost-valued inventory in Oil Products and increased net accounts receivable.

Second quarter 2008 Gas and Power marketing and trading earnings were reduced by non-cash charges of around $300 million as a result of fair value accounting of commodity derivatives associated with long-term contracts, as required under the International Financial Reporting Standards (IFRS).

Second quarter 2008 Oil Products marketing and trading earnings were reduced by non-cash charges of around $450 million as a result of fair value accounting of commodity derivatives. As required under IFRS, physical crude oil and oil products inventories were recorded at cost although their market value was higher. Commodity derivatives were recorded at market prices (see Note 8).

Royal Dutch Shell plc 4

EARNINGS BY BUSINESS SEGMENT

EXPLORATION & PRODUCTION


Quarters							$ million	Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%

5,881		5,143		3,099		+90	Segment earnings²		11,024		6,492		+70

1,711		1,756		1,817		-6	Crude oil production (thousand b/d)³		1,733		1,841		-6
7,789		9,755		7,367		+6	Natural gas production available for sale (million scf/d)		8,772		8,170		+7
3,054		3,438		3,087		-1	Barrels of oil equivalent (thousand boe/d)³		3,246		3,250		-


¹		Q2 on Q2 change

²		As from the fourth quarter 2007, the earnings of the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production earnings up to the third quarter 2007 have been reclassified by the amounts reported under the Oil Sands segment.

³		Excludes oil sands bitumen production

Second quarter Exploration & Production segment earnings were $5,881 million compared to $3,099 million a year ago. Earnings included a net gain of $98 million related to identified items, compared to a net gain of $153 million in the second quarter 2007 (see page 3 for details).

Earnings compared to the second quarter 2007 reflected higher gas production volumes and the benefit of higher oil and gas prices on revenues, which were partly offset by lower oil production volumes, higher royalty expenses and higher operating costs.

Global liquids realisations were 74% higher than in the second quarter 2007, compared with marker crudes Brent and WTI increases of 76% and 91% respectively. Global gas realisations were 54% higher than a year ago. Outside the USA gas realisations increased by 57% whereas in the USA gas realisations increased by 53%.

Second quarter 2008 production (excluding oil sands bitumen production) was 3,054 thousand barrels of oil equivalent per day (boe/d) compared to 3,087 thousand boe/d a year ago. Crude oil production was down 6% and natural gas production was up 6% compared to the second quarter 2007.

Production compared to the second quarter 2007 included additional volumes principally from Ormen Lange (Shell share 17%) in Norway, West Salym (Shell share 50%) in Russia, Stybarrow (Shell share 17.1%) in Australia, Changbei (Shell share 50%) in China, Deimos (Shell share 71.5%) in the USA, Starling (Shell share 28%), Caravel (Shell share 71%) and Shamrock (Shell share 100%) in the United Kingdom and Champion West Phase 3B/C (Shell share 50%) in Brunei.

Second quarter portfolio developments

In Australia, Shell signed a preliminary agreement with Arrow Energy Ltd. to acquire a 30% stake in Arrow’s coal bed methane acreage in Queensland, and a 10% stake in Arrow International, for a cost of up to $0.7bn . Shell and Arrow plan to jointly develop projects to extract clean-burning natural gas from coal deposits. Completion of a definitive agreement is expected by the end of 2008.

In Peru, Shell signed a preliminary agreement with BPZ Energy Inc. to jointly explore for oil and gas in the northern part of the country.

During the first half of 2008, Shell had four notable exploration discoveries in offshore Nigeria, Australia and Brunei and onshore USA. Shell also significantly increased its overall acreage position through acquisitions of new exploration licences offshore northwest Australia, in the Chukchi Sea and the Gulf of Mexico in the USA.

Royal Dutch Shell plc 5

GAS & POWER

Quarters

$ million

Six Months

Q2 2008

Q1 2008

Q2 2007

%¹

2008

2007

625

948

779

-20

Segment earnings

1,573

1,582

-1

3.08

3.51

3.25

-5

LNG sales volumes (million tonnes)

6.59

6.55


¹		Q2 on Q2 change

Second quarter Gas & Power segment earnings were $625 million compared to $779 million a year ago. Earnings for the second quarter 2007 included a gain of $247 million related to an identified item (see page 3 for details). In addition, second quarter 2008 marketing and trading earnings were reduced by non-cash charges of around $300 million as a result of fair value accounting of commodity derivatives associated with long-term contracts (see Note 8).

Gas & Power earnings compared to the second quarter 2007 reflected strong LNG prices, which were partly offset by lower LNG sales volumes and lower marketing and trading contributions.

LNG related earnings for the second quarter 2008 were approximately 50% higher than in the same quarter a year ago, mainly reflecting strong LNG prices.

LNG sales volumes of 3.08 million tonnes were 5% lower than in the same quarter a year ago, mainly as a consequence of lower feedgas supplies, planned maintenance shutdowns and changed lifting schedules of cargoes compared to the same quarter last year.

Marketing and trading earnings, non-LNG related, were lower than in the same quarter a year ago, reflecting lower earnings in North America, which was partly offset by higher European contributions.

Second quarter portfolio developments

In the Middle East, an agreement was reached with Qatargas 4 and the Dubai Government for the supply of LNG during the summer months for 15 years. The LNG will be delivered from Qatargas 4 and Shell’s portfolio of other LNG volumes.

In Germany, the sale of the BEB Erdgas und Erdoel GmbH gas transport business (Shell share 50%) to NV Nederlandse Gasunie was closed on July 1, 2008, with all required approvals in place. Proceeds have been mainly received in July 2008, with a remaining payment expected by the end of the year.

Royal Dutch Shell plc 6

OIL SANDS


Quarters							$ million	Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%
351		249		202		+74	Segment earnings		600		317		+89
72		84		91		-21	Bitumen production (thousand b/d)		78		93		-16
104		144		141		-26	Sales volumes (thousand b/d)		124		141		-12
96		94		96			Upgrader availability (%)		94		95


¹		Q2 on Q2 change

Second quarter Oil Sands segment earnings were $351 million compared to $202 million in the same quarter last year.

Earnings compared to the second quarter 2007 reflected the impact of higher oil prices on revenues, which were partly offset by lower production volumes and higher operating costs.

Bitumen production decreased by 21% compared to the same quarter last year mainly as a consequence of the execution of the mine tailings management plan which has temporarily led to lower ore grade being mined and due to planned and unplanned maintenance. Upgrader availability was 96%, unchanged compared to the same quarter last year.

OIL PRODUCTS


Quarters							$ million	Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%
4,539		2,367		3,928			Segment earnings		6,906		5,730
3,464		1,173		992			Less: Estimated CCS adjustment (see note 2)		4,637		1,306
1,075		1,194		2,936		-63	Segment CCS earnings		2,269		4,424		-49
3,464		3,694		3,806		-9	Refinery intake (thousand b/d)		3,579		3,707		-3
6,642		6,831		6,490		+2	Total Oil Products sales (thousand b/d)		6,737		6,449		+4
92		92		92			Refinery availability (%)		92		89


¹		Q2 on Q2 change

Second quarter Oil Products segment earnings were $4,539 million compared to $3,928 million for the same period last year.

Second quarter Oil Products CCS segment earnings were $1,075 million compared to $2,936 million in the second quarter 2007. Earnings included a gain of $181 million related to identified items, compared to a gain of $205 million in the second quarter 2007 (see page 3 for details). In addition second quarter 2008 marketing and trading earnings were reduced by a non-cash charge of around $450 million as a result of fair value accounting of commodity derivatives (See Note 8).

CCS earnings compared to the second quarter 2007 reflected substantially lower realised refining margins, higher operating costs, mainly as a result of exchange rate movements, and lower trading contributions.

Royal Dutch Shell plc 7

Industry refining margins compared to the same quarter a year ago were lower in Europe, declined significantly in the US Gulf Coast and US West Coast and were higher in the Asia-Pacific region. Refinery availability remained at 92%, the same level as in the second quarter of 2007.

Marketing earnings compared to the same period a year ago declined due to higher operating costs and lower lubricants margins. In addition, retail margins, net of exchange rate movements, declined, which were partly offset by higher B2B margins.

Oil Products (marketing and trading) sales volumes increased by 2% compared to the same quarter last year. Marketing sales volumes were 1% lower than in the second quarter 2007 and excluding the impact of divestments were 2% higher mainly because of increased aviation, marine and commercial fuels sales.

Second quarter portfolio developments

In Qatar, a Letter of Intent was signed with Qatar Petroleum International and PetroChina to build an integrated refinery and petrochemical manufacturing complex in China.

CHEMICALS


Quarters							$ million	Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%
157		348		626			Segment earnings		505		1,153
299		147		132			Less: Estimated CCS adjustment (see note 2)		446		179
(142)		201		494		—	Segment CCS earnings		59		974		-94
5,396		5,459		5,653		-5	Sales volumes (thousand tonnes)		10,855		11,220		-3
95		95		93			Manufacturing plant availability (%)		95		92


¹		Q2 on Q2 change

Second quarter Chemicals segment earnings were $157 million compared to $626 million for the same period last year.

Second quarter Chemicals CCS segment earnings were a loss of $142 million compared to a profit of $494 million in the same quarter last year. Earnings for the second quarter 2008 included a net charge of $206 million related to identified items (see page 3 for details).

CCS earnings compared to the second quarter 2007 reflected lower realised margins, higher operating costs and lower income from equity-accounted investments. In addition, identified items reflecting provisions and asset impairments, which were partly offset by a divestment gain, impacted earnings.

Chemicals manufacturing plant availability increased to 95%, some 2% higher than in the second quarter 2007.

Royal Dutch Shell plc 8

CORPORATE

Quarters

$ million

Six Months}

Q2 2008

Q1 2008

Q2 2007

2008

2007

201

146

177

Segment earnings

347

978

Second quarter Corporate segment earnings were $201 million compared to $177 million for the same period last year. Earnings for the second quarter 2007 included a gain of $55 million related to an identified item (see page 3 for details).

Earnings compared to the second quarter 2007 reflected higher tax credits and lower shareholder costs, which were partly offset by lower net underwriting income and lower net interest income.

Royal Dutch Shell plc 9

PRICE AND MARGIN INFORMATION

OIL & GAS


Quarters						Six Months
Q2 2008	Q1 2008		Q2 2007			2008		2007
$/bbl					Realised oil prices — Exploration & Production¹ (period average)	$/bbl
110.96		90.40		64.88	World outside USA		101.15		59.94
118.07		92.55		61.06	USA		105.02		56.34
111.92		90.72		64.27	Global		101.70		59.36

$/bbl					Realised oil prices — Oil Sands (period average)	$/bbl
116.20		85.08		59.94	Canada		98.12		55.49

$/thousand scf					Realised gas prices (period average)	$/thousand scf
9.38		9.00		5.95	Europe		9.19		6.93
6.31		5.85		4.01	World outside USA (including Europe)		6.09		4.36
11.89		9.52		7.78	USA		10.69		7.48
7.30		6.52		4.74	Global		6.91		4.98

					Oil and gas marker industry prices (period average)
121.26		96.66		68.86	Brent ($/bbl)		108.96		63.31
123.81		97.86		64.89	WTI ($/bbl)		110.83		61.47
125.18		97.91		66.21	Edmonton Par ($/bbl)		111.58		61.96
11.36		8.55		7.56	Henry Hub ($/MMBtu)		9.95		7.36
60.41		53.05		20.20	UK National Balancing Point (pence/therm)		56.73		21.25
100.96		93.13		64.76	Japanese Crude Cocktail — JCC ($/bbl)²		95.09		61.16

REFINING & CRACKER INDUSTRY MARGINS³


Quarters						Six Months
Q2 2008	Q1 2008		Q2 2007			2008		2007
$/bbl					Refining marker industry gross margins (period average)	$/bbl
11.55		8.75		23.10	ANS US West Coast coking margin		10.10		22.65
10.55		8.70		27.05	WTS US Gulf Coast coking margin		9.60		19.95
5.85		3.55		6.30	Rotterdam Brent complex		4.70		5.00
3.95		1.80		3.60	Singapore 80/20 Arab light/Tapis complex		2.85		3.35
$/tonne					Cracker industry margins (period average)	$/tonne
484.00		359.00		320.00	US ethane		422.00		326.00
346.00		433.00		423.00	Western Europe naphtha		390.00		474.00
92.00		55.00		138.00	North East Asia naphtha		74.00		328.00


¹		As from the fourth quarter 2007, the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production realised oil prices up to the third quarter 2007 have been reclassified.

²		JCC prices for the second quarter and six months 2008 are based on available market data up to the end of April 2008. Prices for these periods will be updated when full market data are available.

³		The refining and cracker industry margins shown above do not represent actual Shell realised margins for the periods. These are estimated industry margins based on available market information at the end of the quarter.

Royal Dutch Shell plc 10

OIL & GAS — OPERATIONAL DATA


Quarters								Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%
thousand b/d							Crude oil production	thousand b/d
390		416		442			Europe		402		445
314		322		305			Africa		318		322
196		208		235			Asia Pacific		202		233
434		428		428			Middle East, Russia, CIS		431		425
293		301		328			USA		297		335
84		81		79			Other Western Hemisphere		83		81
1,711		1,756		1,817		-6	Total crude oil production excluding oil sands		1,733		1,841		-6
72		84		91			Bitumen production — oil sands		78		93
1,783		1,840		1,908		-7	Total crude oil production including oil sands		1,811		1,934		-6

million scf/d²							Natural gas production available for sale	million scf/d²

2,930		4,894		2,496			Europe		3,912		3,299
549		619		601			Africa		584		560
2,512		2,438		2,414			Asia Pacific		2,475		2,435
230		232		251			Middle East, Russia, CIS		231		255
1,096		1,105		1,091			USA		1,101		1,126
472		467		514			Other Western Hemisphere		469		495
7,789		9,755		7,367		+6			8,772		8,170		+7

thousand boe/d³							Total production in barrels of oil equivalent	thousand boe/d³

895		1,260		872			Europe		1,077		1,014
409		429		409			Africa		419		419
629		628		651			Asia Pacific		628		653
474		468		471			Middle East, Russia, CIS		471		469
482		492		516			USA		487		529
165		161		168			Other Western Hemisphere		164		166
3,054		3,438		3,087		-1	Total production excluding oil sands		3,246		3,250		-
72		84		91			Bitumen production — oil sands		78		93
3,126		3,522		3,178		-2	Total production including oil sands		3,324		3,343		-1


¹		Q2 on Q2 change

²		scf/d = standard cubic feet per day; 1 standard cubic foot = 0.0283 cubic metre

³		Natural gas converted to oil equivalent at 5.8 million scf/d = thousand boe/d

Royal Dutch Shell plc 11

OIL PRODUCTS AND CHEMICALS — OPERATIONAL DATA


Quarters								Six Months
Q2 2008	Q1 2008		Q2 2007		%¹			2008		2007		%
thousand b/d							Refinery processing intake	thousand b/d
1,498		1,741		1,713			Europe		1,619		1,651
741		756		810			Other Eastern Hemisphere		749		785
874		845		905			USA		859		899
351		352		378			Other Western Hemisphere		352		372
3,464		3,694		3,806		-9			3,579		3,707		-3

							Oil sales
2,067		2,083		2,224			Gasolines		2,076		2,244
816		814		731			Kerosenes		815		726
2,225		2,337		2,238			Gas/diesel oils		2,281		2,176
776		839		667			Fuel oil		807		673
758		758		630			Other products		758		630

6,642		6,831		6,490		+2	Total oil products *		6,737		6,449		+4

							*Comprising:
1,781		1,959		1,826			Europe		1,870		1,830
1,276		1,245		1,238			Other Eastern Hemisphere		1,260		1,241
1,436		1,396		1,518			USA		1,416		1,460
704		755		679			Other Western Hemisphere		730		666
1,445		1,476		1,229			Export sales		1,461		1,252

thousand tonnes							Chemical sales volumes by main product category²**	thousand tonnes
3,061		3,119		3,222			Base chemicals		6,180		6,502
2,333		2,338		2,429			First line derivatives		4,671		4,711
2		2		2			Other		4		7
5,396		5,459		5,653		-5			10,855		11,220		-3

							**Comprising:
2,189		2,289		2,220			Europe		4,478		4,493
1,294		1,228		1,380			Other Eastern Hemisphere		2,522		2,633
1,760		1,784		1,873			USA		3,544		3,744
153		158		180			Other Western Hemisphere		311		350


¹		Q2 on Q2 change

²		Excluding volumes sold by equity-accounted investments, chemical feedstock trading and by-products.

Royal Dutch Shell plc 12

NOTE

All amounts shown throughout this Report are unaudited.

In this announcement, excluding in the financial statements, we have aggregated our equity position in projects for both direct and indirect interest (for example, we have aggregated our indirect interest in North West Shelf LNG via our 34% shareholding in Woodside Energy Ltd).

Third quarter results are expected to be announced on October 30, 2008 and fourth quarter results are expected to be announced on January 29, 2009. There will be a Shell strategy update on March 17, 2009.

In this document “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell 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”.

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 Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market 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. Each forward-looking statement speaks only as of the date of this document, July 31, 2008. 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.

Please refer to the Annual Report and Form 20-F for the year ended December 31, 2007 for a description of certain important factors, risks and uncertainties that may affect Shell’s businesses.

Cautionary Note to US Investors:

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 may use certain terms in this announcement that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. US Investors are urged to consider closely the disclosure in our Form 20-F, File No 001-32575 and disclosure in our Forms 6-K, File No 001-32575, available on the SEC’s website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.

July 31, 2008

-13-

APPENDIX: ROYAL DUTCH SHELL FINANCIAL REPORT AND TABLES

STATEMENT OF INCOME (SEE NOTE 1)


Quarters									$ million	Six Months
Q2 2008	Q1 2008			Q2 2007			%¹			2008			2007			%
131,419		114,302			84,896				Revenue²		245,721			158,376
109,261		96,780			68,715				Cost of sales		206,041			129,381
22,158		17,522			16,181			+37	Gross profit		39,680			28,995			+37

4,444		3,969			4,120				Selling, distribution and administrative expenses		8,413			7,898
408		325			450				Exploration		733			722
2,671		2,425			2,138				Share of profit of equity-accounted investments		5,096			3,946
(140)		(53	)		(477	)			Net finance costs and other (income)/expense		(193	)		(1,378	)
20,117		15,706			14,226			+41	Income before taxation		35,823			25,699			+39

8,363		6,505			5,415				Taxation		14,868			9,447
11,754		9,201			8,811			+33	Income for the period		20,955			16,252			+29

198		118			144				Income attributable to minority interest		316			304
11,556		9,083			8,667			+33	Income attributable to shareholders of Royal
									Dutch Shell plc		20,639			15,948			+29


¹		Q2 on Q2 change

²		Revenue is stated after deducting sales taxes, excise duties and similar levies of $25,462 million in Q2 2008, $22,920 million in Q1 2008, $18,993 million in Q2 2007 and $17,305 million in Q1 2007.

BASIC EARNINGS PER SHARE (SEE NOTES 1, 2 AND 7)

Quarters

Six Months

Q2 2008

Q1 2008

Q2 2007

2008

2007

1.87

1.47

1.38

Earnings per share ($)

3.34

2.54

1.28

1.26

1.20

CCS earnings per share ($)

2.54

2.31

DILUTED EARNINGS PER SHARE (SEE NOTES 1, 2 AND 7)

Quarters

Six Months

Q2 2008

Q1 2008

Q2 2007

2008

2007

1.87

1.46

1.38

Earnings per share ($)

3.33

2.53

1.28

1.25

1.20

CCS earnings per share ($)

2.53

2.30

-14-

EARNINGS BY BUSINESS SEGMENT (SEE NOTES 2 AND 4)


Quarters									$ million	Six Months
Q2 2008	Q1 2008			Q2 2007			%¹			2008			2007			%
									Exploration & Production²:
3,952		3,540			2,183			+81	- World outside USA		7,492			4,724			+59
1,929		1,603			916			+111	- USA		3,532			1,768			+100
5,881		5,143			3,099			+90			11,024			6,492			+70

									Gas & Power:
788		933			494			+60	- World outside USA		1,721			1,176			+46
(163)		15			285			-	- USA		(148	)		406			-
625		948			779			-20			1,573			1,582			-1

351		249			202			+74	Oil Sands²:		600			317			+89

									Oil Products (CCS basis):
765		978			1,827			-58	- World outside USA		1,743			2,985			-42
310		216			1,109			-72	- USA		526			1,439			-63
1,075		1,194			2,936			-63			2,269			4,424			-49

									Chemicals (CCS basis):
112		304			454			-75	- World outside USA		416			923			-55
(254)		(103	)		40				- USA		(357	)		51			-
(142)		201			494			-			59			974			-94

7,790		7,735			7,510			+4	Total operating segments		15,525			13,789			+13

									Corporate:
81		110			158				- Interest and investment income/(expense)		191			741
27		(62	)		20				- Currency exchange gains/(losses)		(35	)		66
93		98			(1	)			- Other — including taxation		191			171
201		146			177						347			978

(89)		(105	)		(131	)			Minority interest		(194	)		(279	)
7,902		7,776			7,556			+5	CCS earnings		15,678			14,488			+8

3,654		1,307			1,111				Estimated CCS adjustment for Oil Products and Chemicals		4,961			1,460
11,556		9,083			8,667			+33	Income attributable to shareholders of Royal Dutch Shell plc		20,639			15,948			+29


¹		Q2 on Q2 change

²		As from the fourth quarter 2007, the earnings of the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production earnings up to the third quarter 2007 have been reclassified by the amounts reported under the Oil Sands segment.

-15-

SUMMARISED BALANCE SHEET (SEE NOTES 1 AND 6)


	$ million
	Jun 30, 2008		Mar 31, 2008		Jun 30, 2007
Assets
Non-current assets:
Intangible assets		5,336		5,282		5,126
Property, plant and equipment		109,191		105,806		90,584
Investments:
- equity-accounted investments		32,514		31,198		27,185
- financial assets		2,975		3,333		2,954
Deferred tax		4,089		3,409		3,108
Pre-paid pension costs		6,215		5,878		4,772
Other		6,504		6,406		5,548
		166,824		161,312		139,277

Current assets:
Inventories		39,624		32,184		26,497
Accounts receivable		127,241		87,507		60,649
Cash and cash equivalents		8,990		14,417		15,117
		175,855		134,108		102,263

Total assets		342,679		295,420		241,540

Liabilities
Non-current liabilities:
Debt		11,072		11,378		12,236
Deferred tax		13,994		13,473		13,159
Retirement benefit obligations		6,162		6,304		6,282
Other provisions		14,086		14,016		10,877
Other		4,857		4,189		3,784
		50,171		49,360		46,338

Current liabilities:
Debt		5,352		5,684		5,266
Accounts payable and accrued liabilities		126,246		89,531		61,978
Taxes payable		15,895		14,412		11,214
Retirement benefit obligations		419		455		324
Other provisions		2,687		2,815		2,076
		150,599		112,897		80,858

Total liabilities		200,770		162,257		127,196

Equity attributable to shareholders of Royal Dutch Shell plc		139,809		131,130		112,621

Minority interest		2,100		2,033		1,723
Total equity		141,909		133,163		114,344

Total liabilities and equity		342,679		295,420		241,540

-16-

SUMMARISED STATEMENT OF CASH FLOWS (SEE NOTE 1)


Quarters							$ million	Six Months
Q2 2008	Q1 2008			Q2 2007				2008			2007
							Cash flow from operating activities:
11,754		9,201			8,811		Income for the period		20,955			16,252
							Adjustment for:
8,701		6,405			5,460		- Current taxation		15,106			9,727
269		178			130		- Interest (income)/expense		447			328
3,439		3,146			3,238		- Depreciation, depletion and amortisation		6,585			6,498
(757)		(281	)		(1,133	)	- (Profit)/loss on sale of assets		(1,038	)		(1,495	)
(11,751)		2,784			(1,704	)	- Decrease/(increase) in net working capital		(8,967	)		(2,103	)
(2,671)		(2,425	)		(2,138	)	- Share of profit of equity-accounted investments		(5,096	)		(3,946	)
2,447		1,752			1,519		- Dividends received from equity-accounted investments		4,199			3,106
(152)		322			214		- Deferred taxation and other provisions		170			62
10		94			(676	)	- Other		104			(1,123	)
11,289		21,176			13,721		Cash flow from operating activities (pre-tax)		32,465			27,306

(7,121)		(4,314	)		(4,873	)	Taxation paid		(11,435	)		(7,277	)

4,168		16,862			8,848		Cash flow from operating activities		21,030			20,029

							Cash flow from investing activities:
(7,352)		(7,429	)		(5,652	)	Capital expenditure		(14,781	)		(11,013	)
(521)		(616	)		(319	)	Investments in equity-accounted investments		(1,137	)		(689	)
2,026		445			6,270		Proceeds from sale of assets		2,471			6,650
272		61			279		Proceeds from sale of equity-accounted investments		333			394
275		10			585		Proceeds from sale of /(additions to) financial assets		285			1,140
269		285			295		Interest received		554			580
(5,031)		(7,244	)		1,458		Cash flow from investing activities		(12,275	)		(2,938	)

							Cash flow from financing activities:
839		(863	)		(1,185	)	Net increase/(decrease) in debt with maturity period		(24	)		(844	)
							within three months
131		185			1,634		Other debt: New borrowings		316			4,396
(1,479)		(664	)		(274	)	Repayments		(2,143	)		(1,887	)
(369)		(298	)		(290	)	Interest paid		(667	)		(641	)
34		(7	)		(3,585	)	Change in minority interest		27			(6,695	)
(1,350)		(1,073	)		(900	)	Net issue/(repurchase) of shares		(2,423	)		(1,386	)
							Dividends paid to:
(2,489)		(2,329	)		(2,300	)	- Shareholders of Royal Dutch Shell plc		(4,818	)		(4,400	)
(115)		(51	)		(77	)	- Minority interest		(166	)		(119	)
							Treasury shares:
242		200			568		- Net sales/(purchases) and dividends received		442			552
(4,556)		(4,900	)		(6,409	)	Cash flow from financing activities		(9,456	)		(11,024	)

(8)		43			36		Currency translation differences relating to cash and cash equivalents		35			48
(5,427)		4,761			3,933		Increase/(decrease) in cash and cash equivalents		(666	)		6,115

14,417		9,656			11,184		Cash and cash equivalents at beginning of period		9,656			9,002

8,990		14,417			15,117		Cash and cash equivalents at end of period		8,990			15,117

-18-

CAPITAL INVESTMENT


Quarters					$ million	Six Months
Q2 2008	Q1 2008		Q2 2007			2008		2007
					Capital expenditure:
					Exploration & Production¹:
3,038		2,202		2,281	— World outside USA		5,240		5,153
916		2,530		774	— USA		3,446		1,361
3,954		4,732		3,055			8,686		6,514

					Gas & Power:
1,006		823		711	— World outside USA		1,829		1,368
3		1		2	— USA		4		3
1,009		824		713			1,833		1,371
761		711		421	Oil Sands¹		1,472		789

					Oil Products:
862		456		640	— World outside USA		1,318		1,114
68		61		132	— USA		129		327
930		517		772			1,447		1,441

					Chemicals:
399		374		184	— World outside USA		773		337
34		34		96	— USA		68		179
433		408		280			841		516
83		37		75	Corporate		120		120
7,170		7,229		5,316	Total capital expenditure		14,399		10,751

					Exploration expense
218		135		143	— World outside USA		353		270
86		80		46	— USA		166		88
304		215		189			519		358

					New equity in equity-accounted investments
347		365		308	— World outside USA		712		555
41		5		3	— USA		46		20
388		370		311			758		575
133		246		8	New loans to equity-accounted investments		379		114
7,995		8,060		5,824	Total capital investment*		16,055		11,798

					*Comprising:
4,621		5,439		3,463	— Exploration & Production¹		10,060		7,355
1,156		925		808	— Gas & Power		2,081		1,540
761		711		421	— Oil Sands¹		1,472		789
934		536		777	— Oil Products		1,470		1,476
439		412		280	— Chemicals		851		518
84		37		75	— Corporate		121		120
7,995		8,060		5,824			16,055		11,798


¹		As from the fourth quarter 2007, the results of the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production results up to the third quarter 2007 have been reclassified by the amounts reported under the Oil Sands segment.

-19-

ADDITIONAL SEGMENTAL INFORMATION¹


Quarters						$ million	Six Months
Q2 2008	Q1 2008			Q2 2007			2008			2007
						Exploration & Production³
5,881		5,143			3,099	Segment earnings		11,024			6,492
						Including:
408		325			450	— Exploration		733			722
2,228		2,165			2,311	— Depreciation, depletion & amortisation		4,393			4,599
1,103		1,212			659	— Share of profit of equity-accounted investments		2,315			1,572
8,659		10,329			7,031	Cash flow from operations		18,988			13,141
(374)		923			1,469	Less: Net working capital movements²		549			383
9,033		9,406			5,562	Cash flow from operations excluding net working		18,439			12,758
						capital movements
49,185		47,927			42,207	Capital employed		49,185			42,207

						Gas & Power
625		948			779	Segment earnings		1,573			1,582
						Including:
85		81			77	— Depreciation, depletion & amortisation		166			151
620		584			428	— Share of profit of equity-accounted investments		1,204			848
149		1,917			210	Cash flow from operations		2,066			797
(845)		902			76	Less: Net working capital movements²		57			(93	)
994		1,015			134	Cash flow from operations excluding net working		2,009			890
						capital movements
21,010		19,305			16,133	Capital employed		21,010			16,133

						Oil Sands³
351		249			202	Segment earnings		600			317
						Including:
45		44			43	— Depreciation, depletion & amortisation		89			82
645		298			421	Cash flow from operations		943			907
66		(102	)		113	Less: Net working capital movements²		(36	)		524
579		400			308	Cash flow from operations excluding net working		979			383
						capital movements
5,881		5,292			3,672	Capital employed		5,881			3,672


¹		Corporate segment information has not been included in the table shown. Please refer to the Earnings by Business segment section for additional information. The above data does not consider minority interest impacts on the segments.

²		Excluding working capital movements related to taxation.

³		As from the fourth quarter 2007, the results of the Oil Sands operations, which were previously reported as part of the Exploration & Production segment, are disclosed as a separate business segment. For comparison purposes, the Exploration & Production results up to the third quarter 2007 have been reclassified by the amounts reported under the Oil Sands segment.

-20-

ADDITIONAL SEGMENTAL INFORMATION¹ (continued)


Quarters							$ million	Six Months
Q2 2008	Q1 2008			Q2 2007				2008			2007
							Oil Products
1,075		1,194			2,936		Segment CCS earnings		2,269			4,424
							Including:
609		608			571		— Depreciation, depletion & amortisation		1,217			1,227
441		267			721		— Share of profit of equity-accounted investments		708			1,001
(4,148)		2,362			1,464		Cash flow from operations		(1,786	)		3,587
(9,439)		(435	)		(2,220	)	Less: Net working capital movements²		(9,874	)		(2,539	)
5,291		2,797			3,684		Cash flow from operations excluding net working		8,088			6,126
							capital movements
63,298		55,768			46,546		Capital employed		63,298			46,546

							Chemicals
(142)		201			494		Segment CCS earnings		59			974
							Including:
356		162			150		— Depreciation, depletion & amortisation		518			305
92		158			167		— Share of profit of equity-accounted investments		250			355
361		386			451		Cash flow from operations		747			567
(216)		(9	)		(230	)	Less: Net working capital movements²		(225	)		(744	)
577		395			681		Cash flow from operations excluding net working		972			1,311
							capital movements
11,328		11,233			9,888		Capital employed		11,328			9,888


¹		Corporate segment information has not been included in the table shown. Please refer to the Earnings by Business segment section for additional information. The above data does not consider minority interest impacts on the segments.

²		Excluding working capital movements related to taxation.

-21-

NOTES

1. Accounting policies and basis of presentation

The quarterly financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and are also in accordance with IFRS as adopted by the European Union.

The Oil Sands operations, which were previously reported within the Exploration & Production segment, are reported as a separate business segment with effect from the fourth quarter 2007. Prior period financial statements have been reclassified accordingly.

The accounting policies are unchanged from those set out in Note 2 to the Consolidated Financial Statements of Royal Dutch Shell plc in the Annual Report and Form 20-F for the year ended December 31, 2007 on pages 117 to 121.

2. Earnings on an estimated current cost of supplies (CCS) basis

To facilitate a better understanding of underlying business performance, the financial results are also analysed on an estimated current cost of supplies (CCS) basis as applied for the Oil Products and Chemicals segment earnings. Earnings on an estimated current cost of supplies basis provides useful information concerning the effect of changes in the cost of supplies on Royal Dutch Shell’s results of operations and is a measure to manage the performance of the Oil Products and Chemicals segments but is not a measure of financial performance under IFRS.

On this basis, Oil Products and Chemicals segment cost of sales of the volumes sold during the period are based on the cost of supplies during the same period after making allowance for the estimated tax effect, instead of the first-in, first-out (FIFO) method of inventory accounting. Earnings calculated on this basis do not represent an application of the last-in, first-out (LIFO) inventory basis and do not reflect any inventory drawdown effects.

3. Return on average capital employed (ROACE)

ROACE is defined as the sum of the current and previous three quarters’ income adjusted for interest expense, after tax, divided by the average capital employed for the period.

Components of the calculation are:

$ million

Q2 2008

Q2 2007

Income (four quarters)

36,628

28,020

Interest expense after tax

752

665

ROACE numerator

37,380

28,685

Capital employed — opening

131,846

122,818

Capital employed — closing

158,333

131,846

Capital employed — average

145,090

127,332

ROACE

25.8

22.5

ROACE up to the fourth quarter 2007 has been shown on a Shell share basis. As a consequence of the significant reduction of minority interest during 2007, ROACE calculations are now presented on a 100%-basis. Prior period ROACE calculations have been adjusted for comparison purposes.

4. Earnings by business segment

Operating segment results are presented before deduction of minority interest and also exclude interest and other income of a non-operational nature, interest expense, non-trading currency exchange effects and tax on these items, which are included in the Corporate results. Operating segment results are after tax and include equity-accounted investments.

-22-

5. Gearing

The numerator and denominator in the gearing calculation, as demonstrated below, used by Shell are calculated by adding to reported debt and equity certain off-balance sheet obligations as at the beginning of the year such as operating lease commitments and unfunded retirement benefits (if applicable) which Shell believes to be in the nature of incremental debt, and deducting cash and cash equivalents judged to be in excess of amounts required for operational purposes.


$ million	Jun 30, 2008			Jun 30, 2007
Non-current debt		11,072			12,236
Current debt		5,352			5,266
Total debt		16,424			17,502

Add: Net present value of operating lease obligations¹		14,387			11,319
Unfunded retirement benefit obligations (after tax)¹		—			—
Less: Cash and cash equivalents in excess of operational requirements		6,690			13,217
Adjusted debt		24,121			15,604

Total equity		141,909			114,344

Total capital		166,030			129,948

Gearing ratio (adjusted debt as a percentage of total capital)		14.5	%		12.0	%


¹		As of December 31, 2007 and 2006, respectively.

6. Equity

Total equity comprises equity attributable to shareholders of Royal Dutch Shell and to the minority interest. Other reserves comprise the capital redemption reserve, share premium reserve, merger reserve, share plan reserve, currency translation differences, unrealised gains/(losses) on securities and unrealised gains/(losses) on cash flow hedges.


	Ordinary
	share			Treasury			Other			Retained						Minority			Total
$ million	capital			shares			reserves			earnings			Total			interest			equity
At December 31, 2007		536			(2,392	)		14,148			111,668			123,960			2,008			125,968
Income for the period		—			—			—			20,639			20,639			316			20,955
Income/(expense) recognised directly in equity		—			—			1,853			—			1,853			(110	)		1,743
Capital contributions/ (repayments) from/to minority shareholders		—			—			—			—			—			27			27
Changes in minority interest		—			—			—			59			59			25			84
Dividends paid		—			—			—			(4,818	)		(4,818	)		(166	)		(4,984	)
Treasury shares: net sales/(purchases) and dividends received		—			442			—			—			442			—			442
Shares repurchased for cancellation		(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

-23-


	Ordinary
	share			Treasury			Other		Retained						Minority			Total
$ million	capital			shares			reserves		earnings			Total			interest			equity
At December 31, 2006		545			(3,316	)		8,820		99,677			105,726			9,219			114,945
Income for the period		—			—			—		15,948			15,948			304			16,252
Income/(expense) recognised directly in equity		—			—			1,397		—			1,397			(101	)		1,296
Capital contributions/ (repayments) from/to minority shareholders		—			—			—		—			—			819			819
Acquisition of Shell Canada		—			—			—		(5,445	)		(5,445	)		(1,639	)		(7,084	)
Sakhalin partial divestment		—			—			—		—			—			(6,711	)		(6,711	)
Other changes in minority interest		—			—			—		7			7			(49	)		(42	)
Dividends paid		—			—			—		(4,400	)		(4,400	)		(119	)		(4,519	)
Treasury shares: net sales/(purchases) and dividends received		—			552			—		—			552			—			552
Shares repurchased for cancellation		(3	)		—			3		(1,386	)		(1,386	)		—			(1,386	)
Share-based compensation		—			—			222		—			222			—			222
At June 30, 2007		542			(2,764	)		10,442		104,401			112,621			1,723			114,344

7. Basis for Royal Dutch Shell earnings per ordinary share

The total number of Royal Dutch Shell ordinary shares in issue at the end of the period was 6,279 million. Royal Dutch Shell reports earnings per share on a basic and on a diluted basis, based on the weighted average number of Royal Dutch Shell (combined A and B) ordinary shares outstanding. Shares held in respect of share options and other incentive compensation plans are excluded in determining basic earnings per share.

Basic earnings per share calculations are based on the following weighted average number of shares:

millions

Q2 2008

Q1 2008

Q2 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,170.3

6,195.5

6,281.7

Diluted earnings per share calculations are based on the following weighted average number of shares. This adjusts the basic number of shares for all share options currently in-the-money.

millions

Q2 2008

Q1 2008

Q2 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,189.1

6,211.4

6,303.1

Basic shares outstanding at the end of the following periods are:

millions

Q2 2008

Q1 2008

Q2 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,159.1

6,187.0

6,276.8

One American Depository Receipt (ADR) is equal to two Royal Dutch Shell shares.

-24-

8. Accounting for Derivatives

IFRS require that the derivative instruments be recognised in the financial statements at fair value. Any change in the current period between the period end market price and the contract settlement price is recognised in income because hedge accounting is either not permitted or not applied to these contracts.

The physical crude oil and related products held by the Oil Products business as inventory is recorded at historical cost or net realisable value, whichever is the lowest, as required under IFRS. Consequently, any increase in value of the inventory over costs is not recognised in income until the sale of the commodity occurs in the subsequent periods.

In the Oil Products business, the buying and selling of commodities includes transactions conducted through the forward markets using commodity derivatives to reduce the economic exposure. The derivatives are typically associated with a future physical delivery of the commodities.

These differences in accounting treatment for physical inventory (cost or net realisable value, whichever is the lowest) and derivative instruments (at fair value) can create timing differences in the recognition of the gains or losses between the reporting periods.

Similarly the earnings from long-term contracts held by Gas & Power are recognised in the results upon realisation. Associated commodity derivatives are recognised at fair value as of the end of each quarter.

These differences in accounting treatment for long-term contracts (on accrual basis) and derivative instruments (at fair value) can create timing differences in the recognition of the gains or losses between the reporting periods.

Contacts:


-		Investor Relations: Europe: + 31 (0)70 377 4540; USA: +1 212 218 3113


-		Media: Europe: +44 (0)20 7934 3505

Royal Dutch Shell plc

Second Quarter 2008 — Key Financial Data in dollars, euros and pounds sterling

Royal Dutch Shell plc publishes its financial statements in US dollars. Given below are some of the key items for

the quarter translated into euros and pounds sterling.

$ million

euro million

£ million

2008

2007

2008

2007

2008

2007

Revenue

131,419

84,896

+55

Second quarter

84,108

62,984

+34

66,748

42,745

+56

245,721

158,376

Six months

157,261

117,499

124,802

79,742

Income attributable to shareholders

11,556

8,667

+33

Second quarter

7,396

6,430

+15

5,869

4,364

+34

20,639

15,948

Six months

13,209

11,832

10,483

8,030

CCS Earnings

7,902

7,556

Second quarter

5,057

5,606

-10

4,013

3,804

15,678

14,488

Six months

10,034

10,749

7,963

7,295

Total Equity

141,909

114,344

+24

Second quarter

89,814

85,038

71,153

57,126

+25

Capital Investment

7,995

5,824

+37

Second quarter

5,117

4,321

+18

4,061

2,932

+38

16,055

11,978

Six months

10,275

8,886

8,154

6,031

Income attributable to shareholders


		Q2		Q1		Q2
Per Ordinary Share		2008		2008		2007
Royal Dutch Shell plc	$		1.87		1.47		1.38
	euro		1.20		0.98		1.02
	pence		95.12		74.14		69.47


		Notes:

1.		The exchange rates used in the quarterly translation are the average rates, except in the case of total equity where the end rate is used:

euro/$

£/$

2008

2007

2008

2007

Second quarter average rate

0.6400

0.7419

0.5079

0.5035

Second quarter end rate

0.6329

0.7437

0.5014

0.4996


2.		CCS earnings is earnings on an estimated current cost of supplies basis.

3.		Capital investment is capital expenditure, exploration expenses excluding the cost of carrying and retaining unproven properties and the costs of unsuccessful exploratory drilling, new investments in equity accounted investments and certain other investments.

4.		Earnings per share calculations are explained in the notes to the Quarterly Results Announcement.

5.		Previous periods are adjusted for discontinued operations.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorised.

ROYAL DUTCH SHELL PLC

(Registrant)


By:	/s/ Michiel Brandjes

Name: Michiel Brandjes

Title: Company Secretary

Date: July 31, 2008