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 2009

Commission File Number: 1-32575

Royal Dutch Shell plc

(Exact name of registrant as specified in its charter)

(Jurisdiction of incorporation or organization)

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-                     

 

 

Royal Dutch Shell plc (the “Registrant”) is filing the following exhibits on this Report on Form 6-K, each of which is hereby incorporated by reference:

Exhibit
No.		Description
99.1		Regulatory release.
99.2		Royal Dutch Shell plc — Three month period ended March 31, 2009 Unaudited Condensed Interim Financial Report.

This Unaudited Condensed Interim Financial Report contains the Unaudited Condensed Consolidated Interim Financial Statements of the Registrant and its consolidated subsidiaries for the three month period ended March 31, 2009 and Operational and Financial Review and Results of Operations in respect of such period. The Unaudited Condensed Consolidated Interim Financial Statements, including condensed notes, are presented on the same basis that such was announced by press release on April 29, 2009, that was furnished to the Commission by the Registrant on Form 6-K. This Report on Form 6-K contains the Unaudited Condensed Interim Financial Report with additional information required to keep current our registration statement on Form F-3.

This Report on Form 6-K is incorporated by reference into:

	a)		the Registration Statement on Form F-3 of Royal Dutch Shell plc and Shell International Finance B.V. (Registration Numbers 333-155201 and 333-155201-01); and
	b)		the Registration Statements on Forms S-8 of Royal Dutch Shell plc (Registration Numbers 333-126715 and 333-141397).

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: May 6, 2009

Exhibit 99.1
Regulatory release

Three month period ended March 31, 2009
Unaudited Condensed Interim Financial Report

On April 29, 2009, Royal Dutch Shell plc (“Royal Dutch Shell”) released the Unaudited Condensed Interim Financial Report for the three-month period ended March 31, 2009 of Royal Dutch Shell and its consolidated subsidiaries (collectively, the “Shell group”). This report includes the Unaudited Condensed Consolidated Interim Financial Statements, including condensed notes, for the Shell group on the same basis that such information was announced by press release on April 29, 2009.

Contact — Investor Relations
Europe:		Tjerk Huysinga		+31 70 377 4540
USA:		Harold Hatchett		+1 212 218 3113
Contact — Media
Europe:		Shell Media Contact		+31 70 377 3600

Exhibit 99.2

Royal Dutch Shell plc

Three month period ended March 31, 2009
Unaudited Condensed Interim Financial Report

Contents

		Page
UNAUDITED CONDENSED INTERIM FINANCIAL REPORT			1
BUSINESS REVIEW FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2009			2
CONDENSED CONSOLIDATED STATEMENT OF INCOME			7
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME			7
CONDENSED CONSOLIDATED BALANCE SHEET			8
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY			9
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS			10
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS			11
APPENDIX			13

Unaudited Condensed Interim Financial Report

This report contains:

(1)		A Business Review with respect to Royal Dutch Shell plc, a publicly-listed company incorporated in England and Wales and headquartered and tax resident in the Netherlands (“Royal Dutch Shell”) and its consolidated subsidiaries (collectively, with Royal Dutch Shell, the “Shell group”) for the three month period ended March 31, 2009; and
(2)		Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2009 and 2008.

In this report “Shell”, and the “Shell group” 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 report refer to companies over which Royal Dutch Shell either directly or indirectly has control, through a majority of the voting rights or the right to exercise control or to obtain the majority of the benefits and be exposed to the majority of the risks. 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”. Joint ventures are comprised of jointly controlled entities and jointly controlled assets. In this report, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This report contains forward-looking statements concerning the financial condition, results of operations and businesses of 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 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 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 share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this report are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this report, May 6, 2009. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this report.

Please refer to the Annual Report and Form 20-F for the year ended December 31, 2008 for a description of certain important factors, risks and uncertainties that may affect the businesses of Shell.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			1

Business Review for the three month period ended March 31, 2009

Presented under IFRS (unaudited)

		Three months
		ended March 31,
		2009				2008
Income for the period			3,516				9,201
Income attributable to minority interest			28				118
Income attributable to Royal Dutch Shell plc shareholders			3,488				9,083

THREE MONTHS ENDED MARCH 31, 2009

Shell’s income for the three months ended March 31, 2009 was $3,516 million, a decrease of 62% compared to 2008 reflecting lower earnings in all segments.

Exploration & Production
Segment earnings were $1,697 million compared to $5,143 million a year ago. Earnings in the first quarter of 2009 included a net gain of $345 million reflecting gains from divestments of $65 million, tax credits of $235 million and a gain of $96 million related to the mark-to-market valuation of certain UK gas contracts, which were partly offset by a charge related to a pension adjustment for inflation in the USA of $51 million. Earnings in the first quarter 2008 included a net charge of $66 million, reflecting gains from divestments of $84 million, offset by a charge of $150 million related to the mark-to-market valuation of certain UK gas contracts.

Earnings, when compared to the first quarter 2008, reflected the impact of lower oil and gas prices on revenues, lower oil production volumes, higher exploration expenses, mainly related to on going amortisation of leasehold licence costs, and non-cash pension charges, which were partly offset by lower royalty expenses.

Global liquids realisations were 54% lower than in the first quarter 2008. Global gas realisations were 15% lower than a year ago. Outside the USA, gas realisations decreased by 2% whereas in the USA gas realisations decreased by 50%.

First quarter 2009 production (excluding oil sands bitumen production) was 3,321 thousand barrels of oil equivalent per day (boe/d) compared to 3,438 thousand boe/d a year ago. Crude oil production was down 7% and natural gas production was in line with the first quarter 2008. Upstream oil and gas volumes were impacted by ongoing security challenges in Nigeria, OPEC quota restrictions and weakening industrial demand for natural gas.

Underlying production, compared to the first quarter 2008, mainly increased by some 200 thousand boe/d from new fields start-ups and the continuing ramp-up of fields started up in recent years, more than offsetting field declines.

Gas & Power
Segment earnings were $514 million compared to $948 million a year ago. Earnings in the first quarter of 2009 included a charge of $15 million related to a pension adjustment for inflation in the USA of $14 million and a charge of $1 million related to the mark-to-market valuation of certain gas contracts. Earnings in the first quarter 2008 included a charge of $11 million related to the mark-to-market valuation impact of certain gas contracts.

Earnings, when compared to the first quarter 2008, mainly reflected lower LNG earnings, reduced gas-to-liquids product prices, lower natural gas and power trading contributions and non-cash pension charges.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			2

LNG earnings were lower than in the same quarter last year reflecting lower LNG sales volumes and the impact of lower oil prices on LNG revenues. In addition, lower dividends were received from an LNG venture due to payment timing differences. These were partly offset by higher income from LNG cargo diversion opportunities and the benefit of recent sales contract renegotiations.

LNG sales volumes of 3.06 million tonnes were 13% lower than in the same quarter a year ago. Compared to the first quarter 2008, volumes increased following the start-up of Train 5 at the North West Shelf project and the start-up of the Sakhalin II LNG production. This growth was more than offset by lower volumes from Nigeria LNG due to natural gas supply disruptions. Excluding the impacts from the security situation in Nigeria, LNG sales volumes were broadly similar compared to the same quarter last year.

Natural gas and power marketing and trading earnings were lower than in the same quarter a year ago, reflecting increased contributions from Europe, which were more than offset by reduced earnings in North America.

Oil Sands

Segment earnings were a loss of $42 million compared to earnings of $249 million in the same quarter last year, reflecting the impact of lower oil prices on revenues, higher operating costs, higher royalty expenses and non-cash pension charges, which were partly offset by higher underlying production volumes.

Bitumen production compared to the same quarter last year decreased by 11%. Bitumen production, excluding the one-off effect of the royalty revision in the first quarter 2008, resulted in an increase of the underlying production of 4%. Upgrader availability was 96% compared to 94% in the same quarter last year.

Oil Products

Segment earnings were $1,396 million, compared to $2,367 million for the same period last year. Earnings in the first quarter of 2009 included a charge of $136 million, reflecting a pension adjustment for inflation in the USA of $80 million and tax charges of $56 million.

In the first quarter earnings benefited primarily from increasing crude prices on inventory by $304 million compared to a benefit of $1,173 million in the first quarter of 2008. After taking into account the impact of increasing crude prices on inventory, earnings were $1,092 million compared to $1,194 million in the first quarter 2008, reflecting increased marketing earnings, lower refining earnings and non-cash pension charges.

Marketing earnings compared to the same period a year ago reflected lower oil products marketing sales volumes, as a consequence of a worldwide decline in demand, and lower retail and lubricants earnings, which were more than offset by higher trading and B2B contributions.

Oil products (marketing and trading) sales volumes decreased by 12% compared to the same quarter last year mainly as a result of reduced global demand. Marketing sales volumes were 6% lower than in the first quarter 2008. Excluding the impact of divestments, marketing sales volumes decreased by 3%.

Refining earnings compared to the first quarter 2008 reflected lower realised refining margins and lower refinery intake volumes, which were partly offset by lower operating costs.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			3

Industry refining margins compared to the same quarter a year ago were higher in the Asia-Pacific region and the US West Coast and lower in Europe and the US Gulf Coast.

Refining intake volumes decreased by 15% compared to the same quarter last year. Excluding the impact of divestments, intake volumes decreased by 7% mainly as a result of weaker market conditions. Refinery availability was in line with the first quarter of 2008 at 92%.

Chemicals

Segment losses were $182 million compared to earnings of $348 million for the same period last year. The loss included a charge of $19 million reflecting a pension adjustment for inflation in the USA.

Earnings were impacted by the effect of decreasing feedstock prices on inventory of $108 million compared to a benefit of $ 147 million in the first quarter of 2008. After taking into account the impact of change in feedstock prices, losses were $74 million compared to earnings of $201 million in the same quarter last year, reflecting lower sales volumes, lower realised margins, lower income from equity-accounted investments and higher operating costs primarily due to non-cash pension charges.

Sales volumes decreased by 21% compared to the first quarter 2008, mainly as a result of reduced global demand.

Chemicals manufacturing plant availability was 92%, 3% lower than in the first quarter 2008. The reduced global demand for chemicals products has significantly impacted the chemicals manufacturing plant utilisation rate, which dropped to 64% from 86% in the first quarter 2008.

Corporate

Segment earnings were $133 million compared to $146 million for the same period last year. Earnings included a gain of $162 million related to tax credits. Currency exchange losses in the first quarter 2009 were $46 million compared to losses of $62 million in the first quarter 2008.

Earnings, when compared to the first quarter 2008, reflected lower interest income and higher shareholder and other costs, which were partly offset by increased tax credits and reduced currency exchange rate losses.

PORTFOLIO DEVELOPMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2009

Exploration & Production

In Russia, the Sakhalin II project (Shell share 27.5%) delivered first gas production from the Lunskoye A platform and also commenced LNG exports. The Sakhalin II project is expected to deliver 395 thousand boe/d of peak production (100% basis) after full ramp-up.

In the USA, the final investment decision (FID) was taken on the Caesar Tonga project (Shell share 22.4%), with estimated peak production of 40 thousand boe/d (100% basis).

Also in the USA, Shell was the apparent highest bidder on 39 of 54 blocks in Lease Sale 208 in the Gulf of Mexico.

In Guyana, Shell acquired a 25% interest in the Stabroek exploration license covering an area of some 47 thousand km2.

In Abu Dhabi, Shell signed an agreement with Abu Dhabi National Oil Company (ADNOC) to extend the GASCO Joint Venture for a further twenty years. GASCO’s operations are mainly focused on gas processing and natural gas liquid (NGL) extraction.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			4

Gas & Power

In Russia, following the start-up of LNG production, the first LNG cargo was lifted from the Sakhalin II project (Shell share 27.5%), which will have an LNG capacity of 9.6 million tonnes per annum (100% basis) after full ramp-up.

LIQUIDITY AND CAPITAL RESOURCES
Cash flow provided by operating activities in the three-month period to March 31, 2009 was $7.6 billion compared to $16.9 billion a year ago.

Capital investment for the three months ended March 31, 2009 was $7.1 billion of which $5.2 billion was invested in the Exploration & Production and Gas & Power segments. Capital investment in the same period of 2008 was $8.1 billion of which $6.4 billion was invested in the Exploration & Production and Gas & Power segments.

Gross proceeds from divestments in the three-month period to March 31, 2009 were $0.2 billion compared to $0.5 billion a year ago.

Dividends of $0.42 per share were declared on April 29, 2009 in respect of the first quarter. These dividends are payable on June 10, 2009. In the case of the Class B shares, the dividends will be payable through the dividend access mechanism and are expected to be treated as UK-source rather than Dutch-source. See the Annual Report on Form 20-F for the year ended December 31, 2008 for additional information on the dividend access mechanism.

During the first quarter of 2009, Shell issued $6.4 billion of new debt with maturity periods ranging from 2012 through 2016. All debt was issued by Shell International Finance B.V. and guaranteed by Royal Dutch shell plc.

RECENT DEVELOPMENTS
On April 17, 2009, the United States Court of Appeals for the District of Columbia Circuit issued a decision in a lawsuit brought by an environmental group against the United States Department of the Interior (DOI) challenging the DOI's approval of offshore oil and gas leasing under the Outer Continental Shelf Lands Act for the period 2007-2012. The Court intends to vacate and remand the five-year leasing program to DOI for reconsideration. DOI may request the Court's reconsideration, may appeal the Court's decision, or may accept the decision as issued. We are evaluating, what, if any, impact this proceeding may have on leases we acquired under the leasing program.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			5

Royal Dutch Shell plc

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			6

Condensed Consolidated Statement of Income

		$ million
		Three months ended March 31,
		2009				2008
Revenue[A]			58,222				114,302
Cost of sales			49,245				96,780
Gross profit			8,977				17,522
Selling, distribution and administrative expenses			3,693				3,969
Exploration			496				325
Share of profit of equity-accounted investments			928				2,425
Net finance costs and other (income)/expense			(18	)			(53	)
Income before taxation			5,734				15,706
Taxation			2,218				6,505
Income for the period			3,516				9,201
Income attributable to minority interest			28				118
Income attributable to Royal Dutch Shell plc shareholders			3,488				9,083
Basic earnings per share (see Note 3)			0.57				1.47
Diluted earnings per share (see Note 3)			0.57				1.46

[A] Revenue is stated after deducting sales taxes, excise duties and similar levies of $17,555 in the first quarter 2009 and $22,920 in the first quarter 2008.

Condensed Consolidated Statement of Comprehensive Income

		$ million
		Three months ended March 31,
		2009				2008
Income for the period			3,516				9,201
Other comprehensive income, net of tax:
Currency translation differences			(2,289	)			1,698
Unrealised gains/(losses) on securities			148				(106	)
Unrealised gains/(losses) on cash flow hedges			(15	)			29
Other comprehensive income			(2,156	)			1,621
Comprehensive income			1,360				10,822
Comprehensive income attributable to minority interest			56				(83	)
Comprehensive income attributable to Royal Dutch Shell plc shareholders			1,416				10,739

The Notes on pages 11 to 12 are an integral part of these Condensed Consolidated Interim Financial Statements.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			7

Condensed Consolidated Balance Sheet

						$ million
		March 31, 2009				Dec 31, 2008
ASSETS
Non-current assets
Intangible assets			4,961				5,021
Property, plant and equipment			113,255				112,038
Investments:
equity-accounted investments			28,516				28,327
financial assets			4,092				4,065
Deferred tax			3,464				3,418
Pre-paid pension costs			5,575				6,198
Other			6,976				6,764
			166,839				165,831
Current assets
Inventories			21,404				19,342
Accounts receivable			77,116				82,040
Cash and cash equivalents			15,961				15,188
			114,481				116,570
Total assets			281,320				282,401
LIABILITIES
Non current liabilities
Debt			18,341				13,772
Deferred tax			12,778				12,518
Retirement benefit obligations			5,463				5,469
Other provisions			12,444				12,570
Other			3,642				3,677
			52,668				48,006
Current liabilities
Debt			6,693				9,497
Accounts payable and accrued liabilities			81,554				85,091
Taxes payable			9,849				8,107
Retirement benefit obligations			386				383
Other provisions			2,229				2,451
			100,711				105,529
Total liabilities			153,379				153,535
EQUITY
Equity attributable to Royal Dutch Shell plc shareholders			126,434				127,285
Minority interest			1,507				1,581
Total equity			127,941				128,866
Total liabilities and equity			281,320				282,401

The Notes on pages 11 to 12 are an integral part of these Condensed Consolidated Interim Financial Statements.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			8

Condensed Consolidated Statement of Changes in Equity

																										$ million
		Equity attributable to Royal Dutch Shell plc shareholders
		Ordinary				Treasury				Other				Retained								Minority
		share capital				shares				reserves[A]				earnings				Total				interest				Total equity
At January 1, 2009			527				(1,867	)			3,178				125,447				127,285				1,581				128,866
Comprehensive income			—				—				(2,072	)			3,488				1,416				(56	)			1,360
Capital contributions from minority shareholders and other changes in minority interest			—				—				—				—				—				12				12
Dividends paid			—				—				—				(2,405	)			(2,405	)			(30	)			(2,435	)
Treasury shares: net sales/(purchases) and dividends received			—				136				—				—				136				—				136
Repurchases of shares			—				—				—				—				—				—				--
Share-based compensation			—				—				(57	)			59				2				—				2
At March 31, 2009			527				(1,731	)			1,049				126,589				126,434				1,507				127,941
At January 1, 2008			536				(2,392	)			14,148				111,668				123,960				2,008				125,968
Comprehensive income			—				—				1,656				9,083				10,739				83				10,822
Capital contributions from minority shareholders and other changes in minority interest			—				—				—				—				—				(7	)			(7	)
Dividends paid			—				—				—				(2,329	)			(2,329	)			(51	)			(2,380	)
Treasury shares: net sales/(purchases) and dividends received			—				200				—				—				200				—				200
Repurchases of shares			(2	)			—				2				(1,327	)			(1,327	)							(1,327	)
Share-based compensation			—				—				(113	)			—				(113	)			—				(113	)
At March 31, 2008			534				(2,192	)			15,693				117,095				131,130				2,033				133,163

[A] See Note 2.

The Notes on pages 11 to 12 are an integral part of these Condensed Consolidated Interim Financial Statements.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			9

Condensed Consolidated Statement of Cash Flows

						$ million
		Three months ended March 31,
		2009				2008
Cash flow from operating activities:
Income for the period			3,516				9,201
Adjustment for:
Current taxation			1,844				6,405
Interest (income)/expense			330				178
Depreciation, depletion and amortisation			3,090				3,146
(Gains)/losses on sale of assets			(147	)			(281	)
Decrease/(increase) in net working capital			(365	)			2,784
Share of profit of equity-accounted investments			(928	)			(2,425	)
Dividends received from equity-accounted investments			977				1,752
Deferred taxation and other provisions			365				322
Other			141				94
Net cash from operating activities (pre-tax)			8,823				21,176
Taxation paid			(1,264	)			(4,314	)
Net cash from operating activities			7,559				16,862
Cash flow from investing activities:
Capital expenditure			(5,985	)			(7,429	)
Investments in equity-accounted investments			(436	)			(616	)
Proceeds from sale of assets			204				445
Proceeds from sale of equity-accounted investments			17				61
Proceeds from sale of/(additions to) financial assets			6				10
Interest received			101				285
Net cash used in investing activities			(6,093	)			(7,244	)
Cash flow from financing activities:
Net increase/(decrease) in debt with maturity period within three months			(3,588	)			(863	)
Other debt:
New borrowings			6,884				185
Repayments			(1,386	)			(664	)
Interest paid			(262	)			(298	)
Change in minority interest			12				(7	)
Dividends paid to:
Royal Dutch Shell plc shareholders			(2,405	)			(2,329	)
Minority interest			(30	)			(51	)
Repurchases of shares			—				(1,073	)
Treasury shares: net sales/(purchases) and dividends received			136				200
Net cash used in financing activities			(639	)			(4,900	)
Currency translation differences relating to cash and cash equivalents			(54	)			43
Increase in cash and cash equivalents			773				4,761
Cash and cash equivalents at January 1			15,188				9,656
Cash and cash equivalents at March 31			15,961				14,417

The Notes on pages 11 to 12 are an integral part of these Condensed Consolidated Interim Financial Statements.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			10

Notes to the Condensed Consolidated Interim Financial Statements

1. Basis of preparation

These Condensed Consolidated Interim Financial Statements of Royal Dutch Shell plc and its subsidiaries (collectively known as “Shell” or the “Shell group”) are prepared on the same basis as, and should be read in conjunction with, the Annual Report on Form 20-F for the year ended December 31, 2008 (pages 118 to 122) as filed with the Securities and Exchange Commission, except for the adoption of revised IAS 1 “Presentation of Financial Statements” with effect from January 1, 2009. Revised IAS 1 requires the presentation of a statement of comprehensive income and minor changes to the statement of changes in equity; there is no impact on Shell’s reported income or equity.

The three-month period ended March 31, 2009 Condensed Consolidated Interim Financial Statements of Royal Dutch Shell plc and its subsidiaries have been prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting”.

These Condensed Consolidated Interim Financial Statements are unaudited; however, in the opinion of Shell, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods.

2. Other reserves

																						$ million
																		Accumulated
						Capital												other
		Merger				redemption				Share premium				Share plan				comprehensive
		reserve[A]				reserve				reserve				reserve				income				Total
At January 1, 2009			3,444				57				154				1,192				1,669				3,178
Other comprehensive income attributable to Royal Dutch Shell plc shareholders			—				—				—				—				(2,072	)			(2,072	)
Repurchases of shares			—				—				—				—				—				—
Share-based compensation			—				—				—				(57	)			—				(57	)
At March 31, 2009			3,444				57				154				1,135				(3,741	)			1,049
At January 1, 2008			3,444				48				154				1,122				9,380				14,148
Other comprehensive income attributable to Royal Dutch Shell plc shareholders			—				—				—				—				1,656				1,656
Repurchases of shares			—				2				—				—				—				2
Share-based compensation			—				—				—				(113	)			—				(113	)
At March 31, 2008			3,444				50				154				1,009				11,036				15,693

[A] The merger reserve was established in 2005, when Royal Dutch Shell plc (“Royal Dutch Shell”) became the single parent company of Royal Dutch Petroleum Company (“Royal Dutch”) and of The Shell Transport and Trading Company Limited (previously known as The “Shell” Transport and Trading Company, p.l.c.) (“Shell Transport”) the two former public parent companies of the Group. It relates primarily to the difference between the nominal value of Royal Dutch Shell shares issued and the nominal value of Royal Dutch and Shell Transport shares received.

3. Earnings per share

		Income attributable to
		Royal Dutch Shell plc					Basic weighted average				Diluted weighted
		shareholders					number of Class A and				average number of
Three months ended March 31,		$ million					B shares				Class A and B shares
2009			3,488					6,121,604,445				6,124,490,679
2008			9,083					6,195,530,313				6,211,424,319

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			11

4. Information by business segment

Three months ended March 31, 2009

																														$ million
		Exploration &
		Production				Gas & Power				Oil Sands				Oil Products				Chemicals				Corporate				Eliminations				Total
Revenue
Third party			2,934				5,442				5				45,281				4,532				28								58,222
Inter-segment			6,150				147				373				353				599				—				(7,622	)			—
Total			9,084				5,589				378				45,634				5,131				28				(7,622	)			58,222
Segment earnings			1,697				514				(42	)			1,396				(182	)			133								3,516

Three months ended March 31, 2008

		Exploration &
		Production				Gas & Power				Oil Sands				Oil Products				Chemicals				Corporate				Eliminations				Total
Revenue
Third party			4,878				6,226				507				90,579				12,100				12								114,302
Inter-segment			10,902				320				616				1,030				1,503								(14,371	)			—
Total			15,780				6,546				1,123				91,609				13,603				12				(14,371	)			114,302
Segment earnings			5,143				948				249				2,367				348				146								9,201

5. Ordinary share capital

						$ million
		March 31, 2009				Dec 31, 2008
Issued and fully paid
Class A ordinary shares			300				300
Class B ordinary shares			227				227
Sterling deferred			[A]				[A]
			527				527

[A] Less than $1 million

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			12

Appendix

Ratio of earnings to fixed charges

The following table sets out, on an IFRS basis for the years ended December 31, 2005, 2006, 2007 and 2008 and the three months ended March 31, 2009, the consolidated unaudited ratio of earnings to fixed charges of Royal Dutch Shell. The comparative annual information is derived from the consolidated financial statements of Royal Dutch Shell contained in the Annual Report on Form 20-F for the year ended December 31, 2008

		Three months ended
		March 31,		Years ending December 31,
		2009				2008				2007				2006				2005
Pre-tax income from continuing operations before income from equity-accounted investments			4,806				43,374				42,342				37,957				37,444
Total fixed charges			623				2,689				2,380				2,258				1,958
Distributed income from equity-accounted investments			977				9,325				6,955				5,488				6,709
Less: interest capitalised			247				870				667				564				427
Less: preference security dividend requirements of consolidated subsidiaries			—				—				—				—				7
Total earnings			6,159				54,518				51,010				45,139				45,677
Interest expensed and capitalised			431				2,051				1,775				1,713				1,494
Interest within rental expense			192				638				605				545				457
Less: preference security dividend requirements of consolidated subsidiaries			—				—				—				—				7
Total fixed charges			623				2,689				2,380				2,258				1,958
Ratio earnings/fixed charges			9.89				20.27				21.43				19.99				23.33

For the purposes of this table, “earnings” consists of pre-tax income from continuing operations before adjustment for minority interest and income from equity-accounted investments plus fixed charges (excluding capitalised interest) less undistributed earnings of equity-accounted investments, plus distributed income from equity-accounted investments. “Fixed charges” consist of expensed and capitalised interest plus interest within rental expenses plus preference security dividend requirements of subsidiaries.

Capitalisation and indebtedness

The following table set out, on an IFRS basis, the unaudited consolidated combined capitalisation and indebtedness of Royal Dutch Shell as of March 31, 2009. This information is derived from these Condensed Consolidated Interim Financial Statements.

		$ million
		March 31, 2009
Equity attributable to Royal Dutch Shell plc shareholders			126,434
Current debt			6,693
Non-current debt[A]			15,869
Total debt[B]			22,562
Total capitalisation			148,996

[A]		Non-current debt excludes $2.5 billion of certain tolling commitments.
[B]		As of March 31, 2009 Shell had outstanding guarantees of $3.7 billion, of which $2.6 billion related to debt of equity-accounted investments. $20.4 billion of the finance debt of Shell was unsecured. A total of $4.6 billion outstanding debt of subsidiairies is secured.

		Royal Dutch Shell plc
		Unaudited Condensed Interim Financial Report			13