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FORM 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 April 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-

3RD QUARTER 2008 UNAUDITED RESULTS

•		Royal Dutch Shell’s third quarter 2008 earnings, on a current cost of supplies (CCS) basis, were $10.9 billion compared to $6.4 billion a year ago. Basic CCS earnings per share increased by 74% versus the same quarter a year ago.

•		Cash flow from operating activities for the third quarter 2008, excluding net working capital movements, was $10.4 billion. Net capital investment for the quarter was $11.2 billion. Total distribution to shareholders, in the form of dividends and share repurchases, was $3.1 billion and gearing was 15.4% at the end of the third quarter.

•		The sale of the BEB Erdgas und Erdoel GmbH (Shell share 50%) gas transport business in Germany was closed, increasing the third quarter 2008 earnings by some $1.4 billion.

•		A third 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.

Royal Dutch Shell Chief Executive Jeroen van der Veer commented: “We delivered satisfactory earnings and operating performance in the third quarter of 2008. We are watching the world economic situation closely. Shell is robust across a wide range of energy prices. Our strategy remains to pay competitive and progressive dividends, and to make significant investments in the company for future profitability.”

SUMMARY OF UNAUDITED RESULTS

Quarters

Nine Months

Q3 2008

Q2 2008

Q3 2007

%¹

$ million

2008

2007

8,448

11,556

6,916

+22

Income attributable to shareholders

29,087

22,864

+27

(2,455

)

3,654

524

Less: Estimated CCS adjustment for Oil Products and Chemicals (see Note 2)

2,506

1,984

10,903

7,902

6,392

+71

CCS earnings

26,581

20,880

+27

1.37

1.87

1.10

+25

Basic earnings per share ($)

4.71

3.64

+29

(0.40

)

0.59

0.08

Less: Estimated CCS adjustment per share ($)

0.40

0.31

1.77

1.28

1.02

+74

Basic CCS earnings per share ($)

4.31

3.33

+29

0.40

0.40

0.36

+11

Dividend per ordinary share ($)

1.20

1.08

+11


¹		Q3 on Q3 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 THIRD QUARTER 2008

•		Third quarter 2008 CCS earnings were $10,903 million or 71% higher than in the same quarter a year ago.

•		Third quarter 2008 reported income was $8,448 million or 22% higher than in the same quarter a year ago.

•		Oil Products earnings reflected some $400 million of non-cash gains related to fair value accounting of commodity derivatives. In addition Gas & Power earnings reflected non-cash gains of some $400 million related to fair value accounting of commodity derivatives associated with long-term contracts (see Note 8).

•		Basic CCS earnings per share increased by 74% versus the same quarter a year ago.

•		Total cash returned to shareholders in the form of dividends and share repurchases in the third quarter 2008 was $3.1 billion.

•		Cash flow from operating activities, excluding net working capital movements, was $10.4 billion compared to $9.9 billion for the same quarter last year. Including net working capital movements, cash flow from operating activities was $12.6 billion compared to $9.1 billion in the third quarter 2007.

•		Capital investment for the third quarter 2008 was $13.2 billion, including an amount of $5.0 billion related to the acquisition of Duvernay Oil Corp. (“Duvernay”). Net capital investment (capital investment, less divestment proceeds) for the third quarter 2008 was $11.2 billion.

•		Return on average capital employed (ROACE), on a reported income basis (see Note 3), was 26.3%.

•		Gearing (see Note 5) was 15.4% at the end of the third quarter 2008 versus 12.1% at the end of the third quarter 2007.

•		Oil and gas production, including oil sands bitumen production, for the third quarter 2008 was 2,931 thousand barrels of oil equivalent per day (boe/d), compared to 3,137 thousand boe/d in the same quarter last year. Production when compared to the third quarter 2007 was reduced by some 120 thousand boe/d due to hurricane impacts in the Gulf of Mexico, USA and a planned maintenance turnaround in the UK North Sea related to the shutdown of the St. Fergus gas processing facilities. Excluding these factors and the impact of divestments and production sharing contracts (PSC) pricing effects, production was 1% lower than the same quarter last year.

•		Liquefied Natural Gas (LNG) sales volumes of 3.10 million tonnes were 6% lower than in the same quarter a year ago.

•		Oil Products refinery availability was 88%, compared to 93% in the third quarter 2007. Chemicals manufacturing plant availability was 86%, 8% lower than in the third quarter 2007. Oil Products and Chemicals availability was significantly impacted by the hurricanes in the USA. Oil Sands upgrader availability was 96%, 6% higher than in the same quarter last year.

•		Oil Products marketing sales volumes in the third quarter 2008 decreased by 3% compared to the same quarter last year, and, excluding the impact of divestments, were in line with the same quarter last year. Chemical product sales volumes decreased by 13% compared to the third quarter 2007.

SUMMARY OF UNAUDITED RESULTS


Quarters										Nine Months
Q3 2008		Q2 2008			Q3 2007			%¹	$ million	2008			2007			%
5,501			5,881			3,327			Exploration & Production²		16,525			9,819
2,774			625			568			Gas & Power		4,347			2,150
371			351			183			Oil Sands²		971			500
2,304			1,075			1,651			Oil Products (CCS basis)		4,573			6,075
116			(142	)		360			Chemicals (CCS basis)		175			1,334
(43	)		201			413			Corporate		304			1,391
(120	)		(89	)		(110	)		Minority interest		(314	)		(389	)

10,903			7,902			6,392		+71	CCS earnings		26,581			20,880		+27


¹		Q3 on Q3 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 third quarter 2008 reflected the following items, which in aggregate amounted to a net gain of $2,063 million (compared to a net gain of $265 million in the third quarter 2007), as summarised in the table below:

•		Exploration & Production earnings included a gain of $575 million, reflecting a gain from divestments of $347 million, a gain of $167 million related to the mark-to-market valuation of certain UK gas contracts, a tax credit in Canada of $22 million and a gain from a pension accounting adjustment of $39 million. Earnings for the third quarter 2007 included a net gain of $130 million.

•		Gas & Power earnings included a net gain of $1,368 million, reflecting a gain from a divestment of $1,395 million, a gain of $33 million related to the mark-to-market valuation of certain gas contracts and a gain from a pension accounting adjustment of $7 million, which were partly offset by an impairment charge of $67 million. Earnings for the third quarter 2007 included a net charge of $4 million.

•		Oil Sands earnings included a gain of $25 million related to a tax credit.

•		Oil Products earnings included a gain of $77 million, reflecting a gain of $25 million related to a tax credit in Canada and a gain from a pension accounting adjustment of $52 million. Earnings for the third quarter 2007 included a net gain of $121 million.

•		Chemicals earnings included a gain from a pension accounting adjustment of $18 million. Earnings for the third quarter 2007 included a net gain of $18 million.

SUMMARY OF IDENTIFIED ITEMS


Quarters								Nine Months
Q3 2008	Q2 2008			Q3 2007			$ million	2008			2007
							Segment earnings impact of identified items:
575		98			130		Exploration & Production		607			387
1,368		—			(4	)	Gas & Power		1,357			282
25		—			—		Oil Sands		25			—
77		181			121		Oil Products (CCS basis)		258			150
18		(206	)		18		Chemicals (CCS basis)		(188	)		18
—		—			—		Corporate		—			459
—		—			—		Minority interest		—			—
2,063		73			265		CCS earnings impact		2,059			1,296

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 (see Note 8 — Accounting for Derivatives)

During the third quarter 2008 worldwide oil and gas related commodity marker prices declined significantly.

As a result of fair value accounting of commodity derivatives associated with long-term contracts, required under International Financial Reporting Standards (IFRS), Gas & Power earnings were increased by some $400 million, as opposed to non-cash charges of some $300 million recorded in the second quarter 2008.

As required under IFRS, commodity derivatives are recorded at fair value, which is based on market prices, and physical crude oil and oil products inventories are recorded at the lower of historical cost or net realizable value. During the third quarter 2008, Oil Products earnings were increased by non-cash gains of some $400 million, mainly related to reversals of non-cash charges of some $450 million recorded in the second quarter 2008.

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EARNINGS BY BUSINESS SEGMENT

EXPLORATION & PRODUCTION


Quarters								Nine Months
Q3 2008	Q2 2008		Q3 2007		%¹		$ million	2008		2007		%
5,501		5,881		3,327		+65	Segment earnings²		16,525		9,819		+68

1,612		1,711		1,792		-10	Crude oil production (thousand b/d)³		1,692		1,824		-7
7,207		7,789		7,329		-2	Natural gas production available for sale (million scf/d)		8,246		7,886		+5
2,854		3,054		3,055		-7	Barrels of oil equivalent (thousand boe/d)³		3,114		3,183		-2


¹		Q3 on Q3 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

Third quarter Exploration & Production segment earnings were $5,501 million compared to $3,327 million a year ago. Earnings included a gain of $575 million related to identified items, compared to a net gain of $130 million in the third quarter 2007 (see page 3 for details).

Earnings compared to the third quarter 2007 reflected the benefit of higher oil and gas prices on revenues, which was partly offset by lower production volumes, particularly in the USA as a consequence of hurricane impacts, higher exploration expenses and higher royalty expenses.

Global liquids realisations were 57% higher than in the third quarter 2007, compared with marker crudes Brent and WTI increases of 54% and 57% respectively. Global gas realisations were 48% higher than a year ago. Outside the USA, gas realisations increased by 45% whereas in the USA gas realisations increased by 66%.

Third quarter 2008 production (excluding oil sands bitumen production) was 2,854 thousand barrels of oil equivalent per day (boe/d) compared to 3,055 thousand boe/d a year ago. Crude oil production was down 10% and natural gas production was down 2% compared to the third quarter 2007. Production, compared to the third quarter 2007, was impacted by some 120 thousand boe/d as a consequence of the hurricanes in the USA Gulf of Mexico and planned maintenance turnarounds in the UK North Sea related to the shutdown of the St. Fergus gas processing facilities.

Production compared to the third quarter 2007 included additional volumes principally from Ormen Lange (Shell share 17%) in Norway, Changbei (Shell share 50%) in China, West Salym (Shell share 50%) in Russia, F13W (Shell share 50%) and M3S (Shell share 70%) in Malaysia, Stybarrow (Shell share 17.1%) in Australia, Champion West Phase 3B/C (Shell share 50%) in Brunei, Starling (Shell share 28%), Caravel (Shell share 71%), Shamrock (Shell share 100%) and Curlew C (Shell share 100%) in the United Kingdom and Deimos (Shell share 71.5%) in the USA.

Third quarter portfolio developments

In Canada, Shell completed the acquisition of Duvernay, which is a Canadian tight gas company, for $5.5 billion. During 2008 Shell has also acquired significant additional acreage in the Montney gas play, in areas adjacent to Duvernay’s positions, bringing Shell’s total spend on tight gas acreage in the area to $6.2 billion in 2008. Shell estimates that this combined portfolio of approximately 2 thousand square kilometres contains discovered gas resources of some 1 billion boe, with significant additional exploration potential.

In Australia, Shell concluded the agreement with Arrow Energy Ltd. to jointly develop projects to extract clean-burning natural gas from coal deposits.

In the UK, Shell announced the start-up of the Curlew C field (Shell share 100%), the fourth North Sea field brought on stream during 2008. Together, these fields have an expected aggregate peak production capacity of some 30 thousand boe/d (Shell share).

Royal Dutch Shell plc 5

In the Netherlands, Shell, through its joint venture Nederlandse Aardolie Maatschappij BV (Shell share 50%), signed Sales and Purchase Agreements for some €1.1 billion for the sale of assets situated along the NOGAT pipeline, covering exploration, production and transportation of oil and gas. The transaction is subject to regulatory approvals and third party consents.

In the USA Gulf of Mexico deepwater, Shell concluded the sale of its interest in the Big Foot prospect (Shell share 12.5%), for some $0.4 billion.

Also in the USA, a 30 thousand boe/d water injection project commenced at the Ursa/Princess field (Shell share 45%). The project is expected to continue for the next 30 years, extending the life of the field by some 10 years.

GAS & POWER

Quarters

Nine Months

Q3 2008

Q2 2008

Q3 2007

%¹

$ million

2008

2007

2,774

625

568

+388

Segment earnings

4,347

2,150

+102

3.10

3.08

3.29

-6

LNG sales volumes (million tonnes)

9.69

9.84

-2


¹		Q3 on Q3 change

Third quarter Gas & Power segment earnings were $2,774 million compared to $568 million a year ago. Earnings included a net gain of $1,368 million related to identified items, compared to a net charge of $4 million in the third quarter 2007 (see page 3 for details). In addition, third quarter 2008 earnings were increased by non-cash gains of approximately $400 million as a result of fair value accounting of commodity derivatives associated with long-term contracts (see Note 8).

Earnings compared to the third quarter 2007 reflected the impact of strong LNG and gas to liquids (GTL) product prices on revenues and higher marketing and trading contributions, which were partly offset by lower LNG sales volumes.

LNG sales volumes of 3.10 million tonnes were 6% lower than in the same quarter a year ago, mainly as a consequence of planned maintenance shutdowns and changed cargo lifting schedules compared to the same quarter last year.

Marketing and trading earnings, non-LNG related, were higher than in the same quarter a year ago, reflecting increased earnings both in North America and Europe.

Third quarter portfolio developments

In Germany, the sale of the BEB Erdgas und Erdoel GmbH gas transport business (Shell share 50%), was closed on July 1, 2008.

In Iraq, Shell and the Iraqi Ministry of Oil have signed a heads of agreement to establish an incorporated joint venture (Shell share 49%) to process and market natural gas in southern Iraq.

In Australia, construction was completed at the North West Shelf Train 5 (Shell share 22%) with a capacity of 4.4 mtpa (100% basis).

In the USA, the 164 Megawatt (MW) Mount Storm Phase I wind farm (Shell share 50%) in West Virginia became operational.

Also in Germany, construction of the 20 MW Avancis thin-film solar pilot plant (Shell share 50%) was completed. Commercial sales are expected to begin around the end of 2008.

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OIL SANDS


Quarters								Nine Months
Q3 2008	Q2 2008		Q3 2007		%¹		$ million	2008		2007		%
371		351		183		+103	Segment earnings		971		500		+94

77		72		82		-6	Bitumen production (thousand b/d)		78		90		-13

97		104		121		-20	Sales volumes (thousand b/d)		115		134		-14

96		96		90			Upgrader availability (%)		95		93


¹		Q3 on Q3 change

Third quarter Oil Sands segment earnings were $371 million compared to $183 million in the same quarter last year. Earnings included a gain of $25 million related to an identified item (see page 3 for details).

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

Bitumen production decreased by 6% compared to the same quarter last year. Upgrader availability was 96% compared to 90% in the same quarter last year.

OIL PRODUCTS


Quarters									Nine Months
Q3 2008		Q2 2008		Q3 2007		%¹		$ million	2008		2007		%
(44	)		4,539		2,153			Segment earnings		6,862		7,883
(2,348	)		3,464		502			Less: Estimated CCS adjustment (see note 2)		2,289		1,808
2,304			1,075		1,651		+40	Segment CCS earnings		4,573		6,075		-25

3,273			3,464		3,887		-16	Refinery intake (thousand b/d)		3,476		3,768		-8

6,403			6,642		6,756		-5	Total Oil Products sales (thousand b/d)		6,625		6,552		+1

88			92		93			Refinery availability (%)		91		91


¹		Q3 on Q3 change

Third quarter Oil Products segment results were a loss of $44 million compared to earnings of $2,153 million for the same period last year.

Third quarter Oil Products CCS segment earnings were $2,304 million compared to $1,651 million in the third quarter 2007. Earnings included a gain of $77 million related to identified items, compared to a net gain of $121 million in the third quarter 2007 (see page 3 for details). In addition, third quarter 2008 earnings increased by non-cash gains of around $400 million as a result of fair value accounting of commodity derivatives (see Note 8).

CCS earnings compared to the third quarter 2007 reflected higher marketing margins, higher realised refining margins and trading contributions, which were partly offset by increased operating costs, lower refinery intake and net currency exchange rate impacts.

Royal Dutch Shell plc 7

Industry refining margins compared to the same quarter a year ago were higher in Europe and declined in the US Gulf Coast, US West Coast and the Asia-Pacific region. Refinery availability was 88%, compared to 93% in the third quarter of 2007. The decrease mainly reflects hurricane impacts in the US Gulf Coast region.

Marketing earnings compared to the same period a year ago increased due to higher B2B margins, which were partly offset by lower retail earnings and lower finished lubricants margins.

Oil Products (marketing and trading) sales volumes decreased by 5% compared to the same quarter last year. Marketing sales volumes were 3% lower than in the third quarter 2007, and, excluding the impact of divestments, were in line with the same quarter last year.

Third quarter portfolio developments

In Canada, Shell announced an increase in its shareholding in Iogen Energy Corporation from 26.3% to 50%, contributing to its strategic investment and development programme in biofuels.

CHEMICALS


Quarters										Nine Months
Q3 2008		Q2 2008			Q3 2007		%¹		$ million	2008		2007		%
(79	)		157			397			Segment earnings		426		1,550
(195	)		299			37			Less: Estimated CCS adjustment (see note 2)		251		216
116			(142	)		360		-68	Segment CCS earnings		175		1,334		-87

4,989			5,396			5,702		-13	Sales volumes (thousand tonnes)		15,844		16,922		-6

86			95			94			Manufacturing plant availability (%)		92		92


¹		Q3 on Q3 change

Third quarter Chemicals segment results were a loss of $79 million compared to earnings of $397 million for the same period last year.

Third quarter Chemicals CCS segment earnings were $116 million compared to $360 million in the same quarter last year. Earnings included a gain of $18 million related to an identified item, compared to a gain of $18 million in the third quarter 2007 (see page 3 for details).

CCS earnings compared to the third quarter 2007 reflected lower realised margins, lower sales volumes, lower income from equity-accounted investments and an impairment charge.

Sales volumes decreased by 13% when compared to the third quarter 2007 as a result of lower global demand and the impact of the hurricanes in the US Gulf Coast region.

Chemicals manufacturing plant availability was 86%, some 8% lower than in the third quarter 2007, mainly as a consequence of hurricane impacts in the USA.

Royal Dutch Shell plc 8

CORPORATE

Quarters

$ million

Nine Months

Q3 2008

Q2 2008

Q3 2007

2008

2007

(43)

201

413

Segment earnings

304

1,391

Third quarter Corporate segment results were a loss of $43 million compared to earnings of $413 million for the same period last year.

Earnings compared to the third quarter 2007 reflected currency exchange losses, higher shareholder costs, lower tax credits and lower net underwriting results, mainly as a consequence of hurricane impacts in the USA, which were partly offset by higher net interest income.

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PRICE AND MARGIN INFORMATION

OIL & GAS


Quarters							Nine Months
Q3 2008		Q2 2008		Q3 2007			2008		2007
						Realised oil prices — Exploration &
		$/bbl				Production¹ (period average)	$/bbl
	110.08		110.96		70.88	World outside USA		103.88		63.68
	119.25		118.07		70.34	USA		108.77		60.72
	111.18		111.92		70.81	Global		104.54		63.23

		$/bbl				Realised oil prices — Oil Sands (period average)	$/bbl
	113.90		116.20		69.31	Canada		102.60		59.67

$/thousand scf						Realised gas prices (period average)	$/thousand scf
	8.89		9.38		6.69	Europe		9.10		6.86
	5.91		6.31		4.07	World outside USA (including Europe)		6.03		4.27
	10.82		11.89		6.53	USA		10.73		7.16
	6.77		7.30		4.57	Global		6.87		4.84

						Oil and gas marker industry prices (period average)
	115.15		121.26		74.84	Brent ($/bbl)		111.02		67.15
	118.07		123.81		75.24	WTI ($/bbl)		113.25		66.06
	117.88		125.18		77.14	Edmonton Par ($/bbl)		113.76		66.86
	9.11		11.36		6.14	Henry Hub ($/MMBtu)		9.67		6.94
	61.75		60.41		30.68	UK National Balancing Point (pence/therm)		58.40		24.39
	133.33		110.24		70.95	Japanese Crude Cocktail — JCC ($/bbl)²		109.60		64.42

REFINING & CRACKER INDUSTRY MARGINS³


Quarters							Nine Months
Q3 2008		Q2 2008		Q3 2007			2008		2007
		$/bbl				Refining marker industry gross margins (period average)	$/bbl
	7.20		11.55		8.05	ANS US West Coast coking margin		9.30		17.75
	11.40		10.55		15.40	WTS US Gulf Coast coking margin		10.20		18.45
	6.00		5.85		3.50	Rotterdam Brent complex		5.15		4.50
	1.85		3.95		2.50	Singapore 80/20 Arab light/Tapis complex		2.55		3.05
		$/tonne				Cracker industry margins (period average)	$/tonne
	519.00		413.00		352.00	US ethane		430.00		334.00
	563.00		262.00		469.00	Western Europe naphtha		419.00		472.00
	114.00		92.00		272.00	North East Asia naphtha		87.00		309.00


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 third quarter and nine months 2008 are based on available market data up to the end of July 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							Nine Months
Q3 2008		Q2 2008		Q3 2007		%¹			2008		2007		%
thousand b/d								Crude oil production	thousand b/d
	335		390		406			Europe		380		432
	305		314		333			Africa		314		326
	200		196		214			Asia Pacific		201		227
	459		434		445			Middle East, Russia, CIS		440		431
	231		293		314			USA		275		328
	82		84		80			Other Western Hemisphere		82		80
	1,612		1,711		1,792		-10	Total crude oil production excluding oil sands		1,692		1,824		-7
	77		72		82			Bitumen production — oil sands		78		90
	1,689		1,783		1,874		-10	Total crude oil production including oil sands		1,770		1,914		-8

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

	2,446		2,930		2,231			Europe		3,420		2,939
	591		549		623			Africa		586		581
	2,508		2,512		2,587			Asia Pacific		2,486		2,486
	229		230		248			Middle East, Russia, CIS		230		253
	942		1,096		1,131			USA		1,047		1,128
	491		472		509			Other Western Hemisphere		477		499
	7,207		7,789		7,329		-2			8,246		7,886		+5

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

	757		895		790			Europe		970		939
	407		409		440			Africa		415		426
	631		629		660			Asia Pacific		629		656
	499		474		488			Middle East, Russia, CIS		480		474
	393		482		509			USA		456		522
	167		165		168			Other Western Hemisphere		164		166
	2,854		3,054		3,055		-7	Total production excluding oil sands		3,114		3,183		-2
	77		72		82			Bitumen production — oil sands		78		90
	2,931		3,126		3,137		-7	Total production including oil sands		3,192		3,273		-2


¹		Q3 on Q3 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							Nine Months
Q3 2008		Q2 2008		Q3 2007		%¹			2008		2007		%
thousand b/d								Refinery processing intake	thousand b/d
	1,462		1,498		1,813			Europe		1,566		1,705
	674		741		852			Other Eastern Hemisphere		724		808
	777		874		851			USA		832		883
	360		351		371			Other Western Hemisphere		354		372
	3,273		3,464		3,887		-16			3,476		3,768		-8
								Oil sales
	2,028		2,067		2,176			Gasolines		2,061		2,221
	810		816		768			Kerosenes		813		740
	2,231		2,225		2,396			Gas/diesel oils		2,264		2,250
	623		776		699			Fuel oil		745		682
	711		758		717			Other products		742		659

	6,403		6,642		6,756		-5	Total oil products *		6,625		6,552		+1

								*Comprising:
	1,795		1,781		1,903			Europe		1,845		1,855
	1,262		1,276		1,279			Other Eastern Hemisphere		1,261		1,254
	1,366		1,436		1,544			USA		1,399		1,488
	718		704		676			Other Western Hemisphere		726		669
	1,262		1,445		1,354			Export sales		1,394		1,286

thousand tonnes								Chemical sales volumes by main product category ²**	thousand tonnes
	2,809		3,061		3,302			Base chemicals		8,989		9,804
	2,178		2,333		2,399			First line derivatives		6,849		7,110
	2		2		1			Other		6		8
	4,989		5,396		5,702		-13			15,844		16,922		-6

								**Comprising:
	2,112		2,189		2,225			Europe		6,590		6,718
	1,223		1,294		1,376			Other Eastern Hemisphere		3,745		4,009
	1,512		1,760		1,923			USA		5,056		5,667
	142		153		178			Other Western Hemisphere		453		528


¹		Q3 on Q3 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 and the Pluto project via our 34% shareholding in Woodside Energy Ltd).

Fourth quarter and full year 2008 results are expected to be announced on January 29, 2009. First quarter results for 2009 are expected to be announced on April 29, 2009, second quarter results are expected to be announced on July 30, 2009 and third quarter results are expected to be announced on October 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 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 plc 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, October 30, 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.

October 30, 2008

-13-

APPENDIX: ROYAL DUTCH SHELL FINANCIAL REPORT AND TABLES

STATEMENT OF INCOME (SEE NOTE 1)


Quarters											Nine Months
Q3 2008		Q2 2008			Q3 2007			%¹		$ million	2008			2007			%
	131,567		131,419			90,703				Revenue²		377,288			249,079
	113,249		109,261			76,713				Cost of sales		319,290			206,094
	18,318		22,158			13,990			+31	Gross profit		57,998			42,985			+35

	4,139		4,444			3,843				Selling, distribution and administrative expenses		12,552			11,741
	538		408			608				Exploration		1,271			1,330
	2,000		2,671			1,912				Share of profit of equity-accounted investments		7,096			5,858
	174		(140	)		(38	)			Net finance costs and other (income)/expense		(19	)		(1,416	)
	15,467		20,117			11,489			+35	Income before taxation		51,290			37,188			+38

	6,987		8,363			4,448				Taxation		21,855			13,895
	8,480		11,754			7,041			+20	Income for the period		29,435			23,293			+26

	32		198			125				Income attributable to minority interest		348			429
	8,448		11,556			6,916			+22	Income attributable to shareholders of Royal Dutch Shell plc		29,087			22,864			+27


¹		Q3 on Q3 change

²		Revenue is stated after deducting sales taxes, excise duties and similar levies of $25,323 million in Q3 2008, $25,462 million in Q2 2008, $22,920 million in Q1 2008, $20,830 million in Q3 2007, $18,993 million in Q2 2007 and $17,305 million in Q1 2007.

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

Quarters

Nine Months

Q3 2008

Q2 2008

Q3 2007

2008

2007

1.37

1.87

1.10

Earnings per share ($)

4.71

3.64

1.77

1.28

1.02

CCS earnings per share ($)

4.31

3.33

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

Quarters

Nine Months

Q3 2008

Q2 2008

Q3 2007

2008

2007

1.37

1.87

1.10

Earnings per share ($)

4.70

3.63

1.77

1.28

1.02

CCS earnings per share ($)

4.30

3.32

-14-

EARNINGS BY BUSINESS SEGMENT (SEE NOTES 2 AND 4)


Quarters												Nine Months
Q3 2008			Q2 2008			Q3 2007			%¹		$ million	2008			2007			%
											Exploration & Production²:
	3,885			3,952			2,467			+57	- World outside USA		11,377			7,191			+58
	1,616			1,929			860			+88	- USA		5,148			2,628			+96
	5,501			5,881			3,327			+65			16,525			9,819			+68

											Gas & Power:
	2,437			788			500			+387	- World outside USA		4,158			1,676			+148
	337			(163	)		68			+396	- USA		189			474			-60
	2,774			625			568			+388			4,347			2,150			+102

	371			351			183			+103	Oil Sands²:		971			500			+94

											Oil Products (CCS basis):
	2,307			765			1,316			+75	- World outside USA		4,050			4,301			-6
	(3	)		310			335			—	- USA		523			1,774			-71
	2,304			1,075			1,651			+40			4,573			6,075			-25

											Chemicals (CCS basis):
	253			112			368			-31	- World outside USA		669			1,291			-48
	(137	)		(254	)		(8	)		—	- USA		(494	)		43			—
	116			(142	)		360			-68			175			1,334			-87

	11,066			7,790			6,089			+82	Total operating segments		26,591			19,878			+34

											Corporate:
	178			81			122				- Interest and investment income/(expense)		369			863
	(264	)		27			57				- Currency exchange gains/(losses)		(299	)		123
	43			93			234				- Other — including taxation		234			405
	(43	)		201			413						304			1,391

	(120	)		(89	)		(110	)			Minority interest		(314	)		(389	)
	10,903			7,902			6,392			+71	CCS earnings		26,581			20,880			+27

	(2,455	)		3,654			524				Estimated CCS adjustment for Oil Products and Chemicals		2,506			1,984
	8,448			11,556			6,916			+22	Income attributable to shareholders of Royal Dutch Shell plc		29,087			22,864			+27


¹		Q3 on Q3 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
	Sept 30, 2008		June 30, 2008		Sept 30, 2007
Assets
Non-current assets:
Intangible assets		5,541		5,336		5,307
Property, plant and equipment		114,193		109,191		96,611
Investments:
- equity-accounted investments		31,630		32,514		28,717
- financial assets		2,952		2,975		2,987
Deferred tax		3,978		4,089		3,375
Pre-paid pension costs		6,205		6,215		5,045
Other		6,219		6,504		5,903
		170,718		166,824		147,945

Current assets:
Inventories		33,442		39,624		27,906
Accounts receivable		90,100		127,241		61,636
Cash and cash equivalents		7,821		8,990		14,092
		131,363		175,855		103,634

Total assets		302,081		342,679		251,579

Liabilities
Non-current liabilities:
Debt		10,742		11,072		12,660
Deferred tax		14,688		13,994		13,665
Retirement benefit obligations		5,961		6,162		6,449
Other provisions		13,499		14,086		12,467
Other		4,088		4,857		3,797
		48,978		50,171		49,038

Current liabilities:
Debt		5,984		5,352		4,683
Accounts payable and accrued liabilities		88,387		126,246		63,224
Taxes payable		15,632		15,895		12,144
Retirement benefit obligations		369		419		338
Other provisions		2,356		2,687		2,126
		112,728		150,599		82,515

Total liabilities		161,706		200,770		131,553

Equity attributable to shareholders of Royal Dutch Shell plc		138,469		139,809		118,194

Minority interest		1,906		2,100		1,832
Total equity		140,375		141,909		120,026

Total liabilities and equity		302,081		342,679		251,579

-16-

SUMMARISED STATEMENT OF CASH FLOWS (SEE NOTE 1)


Quarters										Nine Months
Q3 2008			Q2 2008			Q3 2007			$ million	2008			2007
									Cash flow from operating activities:
	8,480			11,754			7,041		Income for the period		29,435			23,293
									Adjustment for:
	6,935			8,701			4,798		- Current taxation		22,041			14,525
	178			269			126		- Interest (income)/expense		625			454
	3,387			3,439			2,842		- Depreciation, depletion and amortisation		9,972			9,340
	(1,799	)		(757	)		(55	)	- (Profit)/loss on sale of assets		(2,837	)		(1,550	)
	2,215			(11,751	)		(728	)	- Decrease/(increase) in net working capital		(6,752	)		(2,831	)
	(2,000	)		(2,671	)		(1,912	)	- Share of profit of equity-accounted investments		(7,096	)		(5,858	)
	2,604			2,447			1,567		- Dividends received from equity-accounted investments		6,803			4,673
	(95	)		(152	)		(109	)	- Deferred taxation and other provisions		75			(47	)
	(618	)		10			346		- Other		(514	)		(777	)
	19,287			11,289			13,916		Cash flow from operating activities (pre-tax)		51,752			41,222

	(6,686	)		(7,121	)		(4,777	)	Taxation paid		(18,121	)		(12,054	)

	12,601			4,168			9,139		Cash flow from operating activities		33,631			29,168

									Cash flow from investing activities:
	(12,392	)		(7,352	)		(5,550	)	Capital expenditure		(27,173	)		(16,563	)
	(555	)		(521	)		(644	)	Investments in equity-accounted investments		(1,692	)		(1,333	)
	1,087			2,026			174		Proceeds from sale of assets		3,558			6,824
	1,160			272			57		Proceeds from sale of equity-accounted investments		1,493			451
	(25	)		275			35		Proceeds from sale of /(additions to) financial assets		260			1,175
	267			269			292		Interest received		821			872
	(10,458	)		(5,031	)		(5,636	)	Cash flow from investing activities		(22,733	)		(8,574	)

									Cash flow from financing activities:
	215			839			554		Net increase/(decrease) in debt with maturity period		191
									within three months					(290	)
	238			131			—		Other debt: New borrowings		554			4,396
	(166	)		(1,479	)		(1,235	)	Repayments		(2,309	)		(3,122	)
	(295	)		(369	)		(282	)	Interest paid		(962	)		(923	)
	(18	)		34			(10	)	Change in minority interest		9			(6,705	)
	(848	)		(1,350	)		(1,463	)	Repurchases of shares		(3,271	)		(2,849	)
									Dividends paid to:
	(2,290	)		(2,489	)		(2,283	)	- Shareholders of Royal Dutch Shell plc		(7,108	)		(6,683	)
	(105	)		(115	)		(67	)	- Minority interest		(271	)		(186	)
									Treasury shares:
	36			242			200		- Net sales/(purchases) and dividends received		478			752
	(3,233	)		(4,556	)		(4,586	)	Cash flow from financing activities		(12,689	)		(15,610	)

	(79	)		(8	)		58		Currency translation differences relating to cash and cash equivalents		(44	)		106
	(1,169	)		(5,427	)		(1,025	)	Increase/(decrease) in cash and cash equivalents		(1,835	)		5,090

	8,990			14,417			15,117		Cash and cash equivalents at beginning of period		9,656			9,002

	7,821			8,990			14,092		Cash and cash equivalents at end of period		7,821			14,092

-17-

CAPITAL INVESTMENT


Quarters							Nine Months
Q3 2008		Q2 2008		Q3 2007		$ million	2008		2007
						Capital expenditure:
						Exploration & Production¹:
	8,083		3,038		2,463	- World outside USA		13,323		7,616
	688		916		721	- USA		4,134		2,082
	8,771		3,954		3,184			17,457		9,698

						Gas & Power:
	1,030		1,006		706	- World outside USA		2,859		2,074
	4		3		1	- USA		8		4
	1,034		1,009		707			2,867		2,078

	835		761		493	Oil Sands¹		2,307		1,282

						Oil Products:
	879		862		770	- World outside USA		2,197		1,884
	92		68		80	- USA		221		407
	971		930		850			2,418		2,291

						Chemicals:
	558		399		312	- World outside USA		1,331		649
	49		34		65	- USA		117		244
	607		433		377			1,448		893

	23		83		101	Corporate		143		221

	12,241		7,170		5,712	Total capital expenditure		26,640		16,463

						Exploration expense
	260		218		183	- World outside USA		613		453
	179		86		211	- USA		345		299
	439		304		394			958		752

						New equity in equity-accounted investments
	361		347		615	- World outside USA		1,073		1,170
	21		41		5	- USA		67		25
	382		388		620			1,140		1,195

	173		133		24	New loans to equity-accounted investments		552		138

	13,235		7,995		6,750	Total capital investment*		29,290		18,548

						*Comprising:
	9,618		4,621		3,934	- Exploration & Production¹		19,678		11,289
	1,169		1,156		901	- Gas & Power		3,250		2,441
	835		761		493	- Oil Sands¹		2,307		1,282
	983		934		942	- Oil Products		2,453		2,418
	607		439		378	- Chemicals		1,458		896
	23		84		102	- Corporate		144		222
	13,235		7,995		6,750			29,290		18,548


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.

-18-

ADDITIONAL SEGMENTAL INFORMATION¹


Quarters									Nine Months
Q3 2008		Q2 2008			Q3 2007			$ million	2008		2007
								Exploration & Production³
	5,501		5,881			3,327		Segment earnings		16,525		9,819
								Including:
	538		408			608		- Exploration		1,271		1,330
	2,168		2,228			1,891		- Depreciation, depletion & amortisation		6,561		6,490
	1,358		1,103			733		- Share of profit of equity-accounted investments		3,673		2,305

	9,556		8,659			6,072		Cash flow from operations		28,544		19,213
	1,444		(374	)		25		Less: Net working capital movements²		1,993		408
	8,112		9,033			6,047		Cash flow from operations excluding net working capital movements		26,551		18,805

	53,276		49,185			44,419		Capital employed		53,276		44,419

								Gas & Power
	2,774		625			568		Segment earnings		4,347		2,150
								Including:
	151		85			79		- Depreciation, depletion & amortisation		317		230
	787		620			471		- Share of profit of equity-accounted investments		1,991		1,319

	2,259		149			316		Cash flow from operations		4,325		1,113
	718		(845	)		(42	)	Less: Net working capital movements²		775		(135	)
	1,541		994			358		Cash flow from operations excluding net working capital movements		3,550		1,248

	21,094		21,010			17,565		Capital employed		21,094		17,565

								Oil Sands³
	371		351			183		Segment earnings		971		500
								Including:
	44		45			42		- Depreciation, depletion & amortisation		133		124

	684		645			405		Cash flow from operations		1,627		1,312
	130		66			51		Less: Net working capital movements²		94		575
	554		579			354		Cash flow from operations excluding net working capital movements		1,533		737

	6,249		5,881			4,283		Capital employed		6,249		4,283


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.

-19-

ADDITIONAL SEGMENTAL INFORMATION¹ (continued)


Quarters										Nine Months
Q3 2008			Q2 2008			Q3 2007			$ million	2008			2007
									Oil Products
	2,304			1,075			1,651		Segment CCS earnings		4,573			6,075
									Including:
	614			609			606		- Depreciation, depletion & amortisation		1,831			1,833
	129			441			394		- Share of profit of equity-accounted investments		837			1,395

	2,068			(4,148	)		1,700		Cash flow from operations		282			5,287
	1,537			(9,439	)		(366	)	Less: Net working capital movements²		(8,337	)		(2,905	)
	531			5,291			2,066		Cash flow from operations excluding net working capital movements		8,619			8,192

	58,520			63,298			48,423		Capital employed		58,520			48,423

									Chemicals
	116			(142	)		360		Segment CCS earnings		175			1,334
									Including:
	215			356			154		- Depreciation, depletion & amortisation		733			459
	96			92			174		- Share of profit of equity-accounted investments		346			529

	164			361			618		Cash flow from operations		911			1,185
	207			(216	)		71		Less: Net working capital movements²		(18	)		(673	)
	(43	)		577			547		Cash flow from operations excluding net working capital movements		929			1,858

	11,206			11,328			10,240		Capital employed		11,206			10,240


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.

-20-

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	Q3 2008			Q3 2007
Income (four quarters)		38,068			28,806
Interest expense after tax		676			682
ROACE numerator		38,744			29,488

Capital employed — opening		137,369			124,351
Capital employed — closing		157,101			137,369
Capital employed — average		147,235			130,860

ROACE		26.3	%		22.5	%

ROACE up to the fourth quarter 2007 had 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.

-21-

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.


				Sept 30,
$ million	Sept 30, 2008			2007
Non-current debt		10,742			12,660
Current debt		5,984			4,683
Total debt		16,726			17,343

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		5,521			12,192
Adjusted debt		25,592			16,470

Total equity		140,375			120,026

Total capital		165,967			136,496

Gearing ratio (adjusted debt as a percentage of total capital)		15.4	%		12.1	%


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		—			—			—			29,087			29,087			348			29,435
Income/(expense) recognised directly in equity		—			—			(4,906	)		—			(4,906	)		(204	)		(5,110	)
Capital contributions/ (repayments) from/to minority shareholders and other changes in minority interest		—			—			—			59			59			25			84
Dividends paid		—			—			—			(7,108	)		(7,108	)		(271	)		(7,379	)
Treasury shares: net sales/(purchases) and dividends received		—			478			—			—			478			—			478
Repurchases of shares		(7	)		—			7			(3,085	)		(3,085	)		—			(3,085	)
Share-based compensation		—			—			(58	)		42			(16	)		—			(16	)
At September 30, 2008		529			(1,914	)		9,191			130,663			138,469			1,906			140,375

-22-


	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		—			—			—		22,864			22,864			429			23,293
Income/(expense) recognised directly in equity		—			—			3,513		—			3,513			(33	)		3,480
Capital contributions/ (repayments) from/to minority shareholders		—			—			—		—			—			802			802
Acquisition of Shell Canada		—			—			—		(5,445	)		(5,445	)		(1,639	)		(7,084	)
Sakhalin partial divestment		—			—			—		—			—			(6,711	)		(6,711	)
Other changes in minority interest		—			—			—		6			6			(49	)		(43	)
Dividends paid		—			—			—		(6,683	)		(6,683	)		(186	)		(6,869	)

Treasury shares: net sales/(purchases) and dividends received		—			752			—		—			752			—			752

Repurchases of shares		(6	)		—			6		(2,849	)		(2,849	)		—			(2,849	)
Share-based compensation		—			—			310		—			310			—			310
At September 30, 2007		539			(2,564	)		12,649		107,570			118,194			1,832			120,026

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 6,255.1 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

Q3 2008

Q2 2008

Q3 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,147.3

6,170.3

6,261.7

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

Q3 2008

Q2 2008

Q3 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,159.8

6,189.1

6,285.8

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

Millions

Q3 2008

Q2 2008

Q3 2007

Royal Dutch Shell ordinary shares of €0.07 each

6,133.4

6,159.1

6,245.3

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

-23-

8. Accounting for Derivatives

IFRS require that 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 where 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 are recorded at historical cost or net realisable value, whichever is lower, as required under IFRS. Consequently, any increase in value of the inventory over cost is not recognised in income until the sale of the commodity occurs in 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 economic exposure. The derivatives are typically associated with a future physical delivery of the commodities.

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

Similarly, earnings from long-term contracts held by Gas & Power are recognised in income 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) have resulted in timing differences in the recognition of gains or losses between the reporting periods.

Contacts:

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

-		Media: Europe: +31 (0)70 377 3600

Royal Dutch Shell plc

Third 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

131,567

90,703

+45

Third quarter

87,492

66,050

+32

69,573

44,916

+55

377,288

249,079

Nine months

250,897

181,379

199,510

123,344

Income attributable to shareholders

8,448

6,916

+22

Third quarter

5,618

5,036

+12

4,467

3,425

+30

29,087

22,864

Nine months

19,343

16,650

15,381

11,322

CCS Earnings

10,903

6,392

+71

Third quarter

7,250

4,655

+56

5,766

3,165

+82

26,581

20,880

Nine months

17,676

15,205

14,056

10,340

Total Equity

140,375

120,026

+17

Third quarter

97,715

84,714

+15

77,782

59,317

+31

Capital Investment

13,235

6,750

+96

Third quarter

8,801

4,915

+79

6,999

3,343

+109

29,290

18,548

Nine months

19,478

13,507

15,489

9,185

Income attributable to shareholders


			Q3		Q2		Q3
Per ordinary share			2008		2008		2007
Royal Dutch Shell plc		$		1.37		1.87		1.10
	euro			0.91		1.20		0.80
	pence			72.67		95.12		54.69

Notes:

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

Third quarter average rate

0.6650

0.7282

0.5288

0.4952

Third quarter end rate

0.6961

0.7058

0.5541

0.4942

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 authorized.

Royal Dutch Shell plc
(Registrant)


By:		Michiel Brandjes /s/

		Name: Michiel Brandjes
		Title: Company Secretary

Date: October 30, 2008