GlobeNewswire Inc | Apr 7, 2021 05:00AM EDT

April 07, 2021

Basis for Preparation Report on Payments to Governments for the year 2020

This Report provides a consolidated overview of the payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (hereinafter referred to as Shell) for the year 2020 as required under the UKs Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Royal Dutch Shell plc that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom. Following the UKs exit from the EU and the end of the transition period on 31 December 2020, this Report is also published pursuant to article 5:25e of the Dutch FMSA (Wft).

This Report is available for download from www.shell.com/payments.

LegislationThis Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.

Reporting entitiesThis Report includes payments to governments made by Royal Dutch Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.

ActivitiesPayments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but are disclosed in full.

GovernmentGovernment includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.

ProjectPayments are reported at project level except that payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.

Substantially interconnected means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.

PaymentThe information is reported under the following payment types.

Production entitlementsThese are the host governments share of production in the reporting period derived from projects operated by Shell. This includes the governments share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.

In certain contractual arrangements, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.

In situations where a government settles Shells income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.

TaxesThese are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.

RoyaltiesThese are payments for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken.

Dividends These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2020, there were no reportable dividend payments to a government.

BonusesThese are payments for bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced, or production has reached a milestone.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

Infrastructure improvementsThese are payments which relate to the construction of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are a social investment in nature, for example building of a school or hospital, are excluded.

OTHEROperatorship When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call).

When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cash-call, it is included in this Report.

Cash and in-kind paymentsPayments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.

Materiality LevelFor each payment type, total payments below 86,000 to a government are excluded from this Report.

Exchange RatePayments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.

Report on Payments to Governments [1] Government Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsCountries: Europe Bulgaria ? ? ? ? 155,178 ? 155,178Italy ? ? 67,954,715 ? ? ? 67,954,715Norway 1,331,302,546 466,790,641 ? ? 1,458,483 ? 1,799,551,670United ? -106,582,465 ? ? 7,474,783 ? -99,107,681KingdomAsia Brunei ? 34,964,254 ? ? ? ? 34,964,254DarussalamChina 6,087,616 ? 985,661 ? ? ? 7,073,278India 297,362 895,096 3,831,968 ? ? ? 5,024,426Kazakhstan 424,125,000 81,973,208 ? ? ? ? 506,098,208Malaysia 1,839,465,462 56,121,040 362,561,665 ? 15,000,000 ? 2,273,148,167Oman ? 1,058,167,544 ? 1,000,000 400,000 ? 1,059,567,544Philippines 457,129,760 99,551,668 ? ? ? ? 556,681,428Qatar 546,327,260 491,523,750 ? ? ? ? 1,037,851,010Thailand ? 304,944 ? ? ? ? 304,944Oceania Australia ? 2,261,769 67,711,786 ? 14,582,602 1,692,530 86,248,685Africa Egypt ? 34,744,632 ? 14,998,260 240,000 ? 49,982,892Nigeria 2,277,898,173 440,398,429 446,926,575 ? 78,000,342 ? 3,243,223,518Tunisia ? 33,277,974 21,559,113 ? ? ? 54,837,087North AmericaCanada ? ?2,701,310 14,360,567 ? 3,536,885 ? 15,196,142Mexico ? ? ? ? 35,564,591 ? 35,564,591United ? 53,787,917 612,934,421 ? 48,370,516 ? 715,092,854StatesSouth AmericaArgentina ? ? 21,846,119 ? 459,455 ? 22,305,574Bolivia ? ? ? ? 1,574,770 ? 1,574,770Brazil 12,138,272 8,035,627 550,812,951 ? 985,852,635 ? 1,556,839,485Trinidad 62,884,045 13,904,002 2,284,658 ? 9,501,505 ? 88,574,210and TobagoTotal 6,957,655,496 2,767,418,719 2,173,770,199 15,998,260 1,202,171,745 1,692,530 13,118,706,948

[1] This report is not corrected for rounding.

Bulgaria Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: MINISTRY OFENERGY OF ? ? ? ? 155,178 ? 155,178THE REPUBLICOF BULGARIATotal ? ? ? ? 155,178 ? 155,178 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: KHAN KUBRAT ? ? ? ? 155,178 ? 155,178Total ? ? ? ? 155,178 ? 155,178

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Italy Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: BASILICATA ? ? 37,806,512 ? ? ? 37,806,512REGION (VDA)CALVELLO ? ? 1,064,170 ? ? ? 1,064,170MUNICIPALITYGRUMENTO NOVA ? ? 608,097 ? ? ? 608,097MUNICIPALITYMARSICO NUOVO ? ? 456,073 ? ? ? 456,073MUNICIPALITYVIGGIANO ? ? 4,218,674 ? ? ? 4,218,674MUNICIPALITYTESSORERIAPROVINICIALE ? ? 23,497,140 ? ? ? 23,497,140DELLO STATOMARSICOVETERE ? ? 152,024 ? ? ? 152,024MUNICIPALITYMONTEMURRO ? ? 152,024 ? ? ? 152,024MUNICIPALITYTotal ? ? 67,954,715 ? ? ? 67,954,715 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: ITALYUPSTREAM ? ? 67,954,715 ? ? ? 67,954,715ASSETTotal ? ? 67,954,715 ? ? ? 67,954,715

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Norway Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: OLJEDIREKTORATET ? ? ? ? 1,458,483 ? 1,458,483PETORO AS 785,580,079 [A] ? ? ? ? ? 785,580,079SKATTE OG ? 465,771,439 ? ? ? ? 465,771,439AVGIFTSREGNSKAPSKATTEOPPKREVEREN ? 1,019,202 ? ? ? ? 1,019,202I SOLAEQUINOR ASA 545,722,467 [B] ? ? ? ? ? 545,722,467Total 1,331,302,546 466,790,641 ? ? 1,458,483 ? 1,799,551,670 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: ORMEN LANGE 1,331,302,546 [C] ? ? ? ? ? 1,331,302,546GAUPE ? ? ? ? 542,692 ? 542,692NORWAYEXPLORATION ? ? ? ? 915,792 ? 915,792PROJECTSEntity level payment:A/S NORSKE SHELL ? 466,790,641 ? ? ? ? 466,790,641Total 1,331,302,546 466,790,641 ? ? 1,458,483 ? 1,799,551,670

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $785,580,079 for 27,839 KBOE valuated at market price.[B] Includes payment in kind of $545,722,467 for 19,339 KBOE valuated at market price.[C] Includes payment in kind of $1,331,302,546 for 47,178 KBOE valuated at market price.

United KingdomGovernment Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: OIL AND GAS ? ? ? ? 7,175,363 ? 7,175,363AUTHORITYHM REVENUE ? ?106,582,465 ? ? ? ? -106,582,465AND CUSTOMSTHE CROWNESTATE ? ? ? ? 299,420 ? 299,420SCOTLANDTotal ? -106,582,465 ? ? 7,474,783 ? -99,107,681

Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: BRENT ANDOTHERNORTHERN ? -73,042,801 ? ? 508,815 ? -72,533,986NORTH SEAPROJECTSONEGAS WEST ? ? ? ? 1,964,754 ? 1,964,754UKEXPLORATIONS ? ? ? ? 624,774 ? 624,774PROJECTSUK OFFSHORE ? -12,189,657 ? ? 895,709 ? -11,293,949OPERATEDUK OFFSHORE ? ? ? ? 263,839 ? 263,839NON-OPERATEDWEST OFSHETLAND ? ? ? ? 126,954 ? 126,954NON-OPERATEDEntity level payment:SHELL U.K. ? -21,350,006 ? ? 3,089,939 ? -18,260,067LIMITEDTotal ? -106,582,465 ? ? 7,474,783 ? -99,107,681

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Brunei DarussalamGovernment Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: MINISTRY OFFINANCE AND ? 34,964,254 ? ? ? ? 34,964,254ECONOMYTotal ? 34,964,254 ? ? ? ? 34,964,254 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsEntity level payment:SHELLDEEPWATER ? 34,964,254 ? ? ? ? 34,964,254BORNEOLIMITEDTotal ? 34,964,254 ? ? ? ? 34,964,254

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

China Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: CHINANATIONAL 6,087,616 [A] ? ? ? ? ? 6,087,616PETROLEUMCORPORATIONSHAANXIPROVINCE ? ? 985,661 [B] ? ? ? 985,661OFFICE OFSTATETotal 6,087,616 ? 985,661 ? ? ? 7,073,278 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: CHANGBEI 6,087,616 [C] ? 985,661 [D] ? ? ? 7,073,278Total 6,087,616 ? 985,661 ? ? ? 7,073,278

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $6,087,616 for 199 KBOE valuated at government selling price.[B] Includes payment in kind of $985,661 for 32 KBOE valuated at government selling price.[C] Includes payment in kind of $6,087,616 for 199 KBOE valuated at government selling price.[D] Includes payment in kind of $985,661 for 32 KBOE valuated at government selling price.

India Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: CENTRALBOARD OF ? ? 751,456 ? ? ? 751,456EXCISE ANDCUSTOMSINCOME TAX ? 895,096 ? ? ? ? 895,096DEPARTMENTPAY ANDACCOUNTSOFFICER,MINISTRY OF 297,362 ? 3,080,513 ? ? ? 3,377,874PETROLEUMAND NATURALGASTotal 297,362 895,096 3,831,968 ? ? ? 5,024,426 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: PANNA MUKTA 297,362 ? 3,831,968 ? ? ? 4,129,330Entity level payment:BGEXPLORATIONAND ? 895,096 ? ? ? ? 895,096PRODUCTIONINDIALIMITEDTotal 297,362 895,096 3,831,968 ? ? ? 5,024,426

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Kazakhstan Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: WESTKAZAKHSTAN ? 81,973,208 ? ? ? ? 81,973,208TAXCOMMITTEESTATEREVENUE 424,125,000 [2] ? ? ? ? ? 424,125,000AUTHORITY OFBURLINSKTotal 424,125,000 81,973,208 ? ? ? ? 506,098,208 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: KARACHAGANAK 424,125,000 [2] 81,973,208 ? ? ? ? 506,098,208Total 424,125,000 81,973,208 ? ? ? ? 506,098,208

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[2] We are the joint operator of the onshore Karachaganak oil and condensate field (Shell interest 29.25%), where we have a license to the end of 2037. In December 2020, we successfully settled a long-running contractual dispute with the Republic about the profit share between the parties. Shells share of the settlement amount is $424 million.

Malaysia Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: KETUAPENGARAH ? 56,121,040 ? ? ? ? 56,121,040HASIL DALAMNEGERIPETROLIAMNASIONAL 986,665,405 [A] ? -28,666,823 ? 15,000,000 ? 972,998,582BERHADPETRONASCARIGALI SDN 852,800,057 [B] ? ? ? ? ? 852,800,057BHD (KL)MALAYSIAFEDERAL AND ? ? 391,228,489 [C] ? ? ? 391,228,489STATEGOVERNMENTTotal 1,839,465,462 56,121,040 362,561,665 ? 15,000,000 ? 2,273,148,167 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: SABAH DW NOV ? ? 299,947 ? ? ? 299,947SABAH GAS ? ? 18,393,033 560,875 ? ? ? 18,953,908NOT OPERATEDSABAHINBOARD AND 813,180,450 [D] -10,842,175 221,799,012 [E] ? ? ? 1,024,137,286DEEPWATEROILSARAWAK OIL 1,026,285,012 [F] 41,774,366 139,901,832 [G] ? 15,000,000 ? 1,222,961,210AND GASEntity level payment:SABAH SHELLPETROLEUM ? 2,014,001 ? ? ? ? 2,014,001COMPANYLIMITEDSARAWAK ? 1,213,697 ? ? ? ? 1,213,697SHELL BERHADSHELL ENERGY ? 879,901 ? ? ? ? 879,901ASIA LIMITEDSHELL OIL &GAS ? 519,716 ? ? ? ? 519,716(MALAYSIA)LLCSHELL SABAHSELATAN SDN. ? 2,168,501 ? ? ? ? 2,168,501BHD.Total 1,839,465,462 56,121,040 362,561,665 ? 15,000,000 ? 2,273,148,167

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $363,377,839 for 29,999 KBOE valuated at fixed price and $623,287,566 for 12,864 KBOE valuated at market price.[B] Includes payment in kind of $385,143,488 for 31,749 KBOE valuated at fixed price and $467,656,569 for 9,876 KBOE valuated at market price.[C] Includes payment in kind of $128,869,361 for 10,633 KBOE valuated at fixed price and $262,359,128 for 5,463 KBOE valuated at market price.[D] Includes payment in kind of $73,524 for 17 KBOE valuated at fixed price and $813,106,926 for 16,423 KBOE valuated at market price.[E] Includes payment in kind of -$6,556 for -2 KBOE valuated at fixed price and $218,757,014 for 4,466 KBOE valuated at market price.[F] Includes payment in kind of $748,447,803 for 61,731 KBOE valuated at fixed price and $277,837,209 for 6,318 KBOE valuated at market price.[G] Includes payment in kind of $128,875,917 for 10,634 KBOE valuated at fixed price and $43,602,114 for 997 KBOE valuated at market price.

Oman Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: OMAN ?MINISTRY OF ? 1,058,167,544 ? 1,000,000 400,000 ? 1,059,567,544FINANCETotal ? 1,058,167,544 ? 1,000,000 400,000 ? 1,059,567,544 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: BLOCK 6 ? 1,058,167,544 ? ? ? ? 1,058,167,544CONCESSIONEntity level payment:BLOCK 42 ? ? ? ? 150,000 ? 150,000CONCESSIONBLOCK 55 ? ? ? 1,000,000 250,000 ? 1,250,000CONCESSIONTotal ? 1,058,167,544 ? 1,000,000 400,000 ? 1,059,567,544

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Philippines Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: BUREAU OFINTERNAL ? 99,551,668 ? ? ? ? 99,551,668REVENUEDEPARTMENT 385,117,761 ? ? ? ? ? 385,117,761OF ENERGYPNOCEXPLORATION 72,011,999 ? ? ? ? ? 72,011,999CORPORATIONTotal 457,129,760 99,551,668 ? ? ? ? 556,681,428 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: SC 38MALAMPAYA 457,129,760 99,551,668 ? ? ? ? 556,681,428GASTotal 457,129,760 99,551,668 ? ? ? ? 556,681,428

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Qatar Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: QATAR 546,327,260 491,523,750 ? ? ? ? 1,037,851,010PETROLEUMTotal 546,327,260 491,523,750 ? ? ? ? 1,037,851,010 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: PEARL GTL 546,327,260 491,523,750 ? ? ? ? 1,037,851,010Total 546,327,260 491,523,750 ? ? ? ? 1,037,851,010

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Thailand Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: REVENUE ? 304,944 ? ? ? ? 304,944DEPARTMENTTotal ? 304,944 ? ? ? ? 304,944 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsEntity level payment:SHELLINTEGRATEDGAS THAILAND ? 304,944 ? ? ? ? 304,944PTE. LIMITED? THAILANDBRANCHTotal ? 304,944 ? ? ? ? 304,944

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Australia Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: AUSTRALIANTAXATION ? 2,261,769 ? ? ? ? 2,261,769OFFICEBANANA SHIRE ? ? ? ? 135,179 ? 135,179COUNCILDEPARTMENT ? ? 66,600,438 ? ? ? 66,600,438OF INDUSTRYDEPARTMENTOF ? ? ? ? 1,327,294 ? 1,327,294ENVIRONMENTAND SCIENCEWESTERNDOWNS ? ? ? ? 11,142,788 1,692,530 12,835,318REGIONALCOUNCILOFFICE OFSTATE ? ? 1,111,347 ? ? ? 1,111,347REVENUEDEPARTMENTOF NATURAL ? ? ? ? 665,245 ? 665,245RESOURCESAND MINESRESOURCESSAFETY AND ? ? ? ? 1,312,096 ? 1,312,096HEALTHQUEENSLANDTotal ? 2,261,769 67,711,786 ? 14,582,602 1,692,530 86,248,685 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: NORTH WEST ? ? 66,600,438 ? ? ? 66,600,438SHELFQGC PROJECT ? ? 1,111,347 ? 14,582,602 1,692,530 17,386,479Entity level payment:SHELLAUSTRALIA ? 2,261,769 ? ? ? ? 2,261,769PTY LTDTotal ? 2,261,769 67,711,786 ? 14,582,602 1,692,530 86,248,685

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Egypt Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: EGYPTIANGENERAL ? 34,744,632 ? 14,998,260 ? ? 49,742,892PETROLEUMCORPORATIONEGYPTIANNATURAL GAS ? ? ? ? 240,000 ? 240,000HOLDINGCOMPANYTotal ? 34,744,632 ? 14,998,260 240,000 ? 49,982,892 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: BADR EL-DIN ? 9,196,598 ? ? ? ? 9,196,598(BED)OBAIYED ? 16,694,476 ? ? ? ? 16,694,476EGYPTOFFSHORE ? ? ? 11,473,264 240,000 ? 11,713,264EXPLORATIONNORTH EASTABU GHARADIG ? 8,844,109 ? ? ? ? 8,844,109(NEAG)Entity level payment:SHELL EGYPT ? 275,102 ? 3,524,996 ? ? 3,800,098N.V.BG EGYPT SA? EGYPT ? -265,653 ? ? ? ? -265,653BRANCHTotal ? 34,744,632 ? 14,998,260 240,000 ? 49,982,892

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Nigeria Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: NIGER DELTADEVELOPMENT - ? ? ? 73,419,624 ? 73,419,624COMMISSIONNIGERIANNATIONAL 2,277,898,173 [A] ? ? ? ? ? 2,277,898,173PETROLEUMCORPORATIONDEPARTMENTOF PETROLEUM ? ? 446,926,575 [B] ? 4,580,718 ? 451,507,293RESOURCESFEDERALINLAND ? 440,398,429 [C] ? ? ? ? 440,398,429REVENUESERVICETotal 2,277,898,173 440,398,429 446,926,575 ? 78,000,342 ? 3,243,223,518 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: PSC 1993(OPL212/OML118, 107,694,184 [D] 175,101,894 [E] 212,267,787 [F] ? 27,212,110 ? 522,275,975OPL219/OML135)PSC 1993 ? 107,020,325 [G] ? ? ? ? 107,020,325(OML133)WEST ASSET 929,096,440 [H] ? ? ? ? ? 929,096,440CENTRAL EAST 1,241,107,549 [I] ? ? ? ? ? 1,241,107,549ASSETEntity level payment:THE SHELLPETROLEUMDEVELOPMENT ? 158,276,210 234,658,788 ? 50,788,232 ? 443,723,229COMPANY OFNIGERIALIMITEDTotal 2,277,898,173 440,398,429 446,926,575 ? 78,000,342 ? 3,243,223,518

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $2,277,898,173 for 102,926 KBOE valuated at market price.[B] Includes payment in kind of $212,267,787 for 5,176 KBOE valuated at market price.[C] Includes payment in kind of $282,122,219 for 5,615 KBOE valuated at market price.[D] Includes payment in kind of $107,694,184 for 2,361 KBOE valuated at market price.[E] Includes payment in kind of $175,101,894 for 3,522 KBOE valuated at market price.[F] Includes payment in kind of $212,267,787 for 5,176 KBOE valuated at market price.[G] Includes payment in kind of $107,020,325 for 2,093 KBOE valuated at market price.[H] Includes payment in kind of $929,096,440 for 22,863 KBOE valuated at market price.[I] Includes payment in kind of $1,241,107,549 for 77,702 KBOE valuated at market price.

Tunisia Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: ENTERPRISETUNISIENNE ? ? 2,582,264 [A] ? ? ? 2,582,264D'ACTIVITESPETROLIERESMONSIEUR LERECEVEUR DES ? 33,277,974 18,976,849 ? ? ? 52,254,823FINANCES DULACTotal ? 33,277,974 21,559,113 ? ? ? 54,837,087 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: HASDRUBAL ? 15,869,421 6,555,163 [B] ? ? ? 22,424,584CONCESSIONMISKAR ? 17,408,553 15,003,950 [C] ? ? ? 32,412,503CONCESSIONTotal ? 33,277,974 21,559,113 ? ? ? 54,837,087

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $2,582,264 for 74 KBOE valuated at market price.[B] Includes payment in kind of $1,449,620 for 44 KBOE valuated at market price.[C] Includes payment in kind of $1,132,644 for 30 KBOE valuated at market price.

Canada Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: GOVERNMENT ? ? 23,051,086 ? ? ? 23,051,086OF ALBERTAMUNICIPALDISTRICT OF ? ? ? ? 479,304 ? 479,304GREENVIEWPROVINCIALTREASURER OF ? -927,750 ? ? 1,229,493 ? 301,743ALBERTARECEIVERGENERAL FOR ? -1,773,560 -14,941,024 ? ? ? -16,714,585CANADAMINISTRY OFEMPLOYMENT ? ? ? ? 691,242 ? 691,242ANDINVESTMENTMINISTER OF ? ? 6,250,506 ? 551,897 ? 6,802,403FINANCE (BC)ALBERTAENERGY ? ? ? ? 584,950 ? 584,950REGULATORTotal ? -2,701,310 14,360,567 ? 3,536,885 ? 15,196,142 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: ATHABASCA ? -927,750 ? ? ? ? -927,750OIL SANDSFOOTHILLS ? ? 12,240,084 ? ? ? 12,240,084GREATER DEEP ? ? 12,908,832 ? 815,691 ? 13,724,524BASINGROUNDBIRCH ? ? 6,250,506 ? 1,243,139 ? 7,493,645INSITU ? ? 272,041 ? ? ? 272,041SABLE ? ? -17,310,894 ? ? ? -17,310,894DEEPWATEREntity level payment:SHELL CANADA ? ? ? ? 1,478,054 ? 1,478,054ENERGYSHELL CANADA ? -3,104,475 ? ? ? ? -3,104,475BROS INCSHELL CANADA ? 1,330,914 ? ? ? ? 1,330,914LIMITEDTotal ? -2,701,310 14,360,567 ? 3,536,885 ? 15,196,142

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Mexico Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: FONDO MEXICANODEL PETROLEOPARALA ? ? ? ? 15,433,767 ? 15,433,767ESTABILIZACIONY ELDESARROLLOSERVICIO DEADMINISTRACION ? ? ? ? 20,130,823 ? 20,130,823TRIBUTARIATotal ? ? ? ? 35,564,591 ? 35,564,591 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsEntity level payment:SHELLEXPLORACIN YEXTRACCIN DE ? ? ? ? 35,564,591 ? 35,564,591MXICO, S.A.DE C.V.Total ? ? ? ? 35,564,591 ? 35,564,591

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

United StatesGovernment Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: United StatesOFFICE OFNATURAL ? ? 531,873,362 ? 42,585,662 ? 574,459,023RESOURCESREVENUEAlaska DIVISION OF ? ? ? ? 243,408 ? 243,408OIL AND GASLouisiana STATE OF ? 417,878 ? ? ? ? 417,878LOUISIANAPennsylvania COMMONWEALTHOF ? ? ? ? 5,184,207 ? 5,184,207PENNSYLVANIATexas STATE OF ? 53,370,039 80,614,748 ? ? ? 133,984,787TEXASTHEUNIVERSITY ? ? ? ? 357,239 ? 357,239OF TEXASSYSTEMTEXAS A&MUNIVERSITY ? ? 446,311 ? ? ? 446,311SYSTEMTotal ? 53,787,917 612,934,421 ? 48,370,516 ? 715,092,854 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: ALASKA ? ? ? ? 243,408 ? 243,408EXPLORATIONAPPALACHIA ? ? ? ? 5,184,207 ? 5,184,207GOM ? ? 467,576,809 ? 184,320 ? 467,761,129(CENTRAL)GOM (WEST) ? ? 64,296,552 ? ? ? 64,296,552GOM ? ? ? ? 42,401,342 ? 42,401,342EXPLORATIONPERMIAN ? 52,525,546 81,061,059 ? 357,239 ? 133,943,844Entity level payment:SWEPI LP ? 1,448,286 ? ? ? ? 1,448,286SHELLOFFSHORE ? -185,915 ? ? ? ? -185,915INC.Total ? 53,787,917 612,934,421 ? 48,370,516 ? 715,092,854

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Argentina Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: GAS Y PETROLEODEL NEUQUEN ? ? ? ? 146,055 ? 146,055S.A.PROVINCIA DE ? ? 2,636,402 ? ? ? 2,636,402SALTAPROVINCIA DEL ? ? 19,209,717 ? 313,401 ? 19,523,118NEUQUENTotal ? ? 21,846,119 ? 459,455 ? 22,305,574 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: ACAMBUCO ? ? 2,636,402 ? ? ? 2,636,402ARGENTINAUNCONVENTIONAL ? ? 19,209,717 ? 459,455 ? 19,669,172PROJECTSTotal ? ? 21,846,119 ? 459,455 ? 22,305,574

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Bolivia Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: NATIONAL OILCOMPANY OF ? ? ? ? 1,574,770 ? 1,574,770BOLIVIATotal ? ? ? ? 1,574,770 ? 1,574,770 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: HUACARETA ? ? ? ? 1,574,770 ? 1,574,770Total ? ? ? ? 1,574,770 ? 1,574,770

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

Brazil Government Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: MINISTERIO ? ? 550,812,951 ? 985,113,310 ? 1,535,926,262DA FAZENDAPR-SAL 12,138,272 [A] ? ? ? ? ? 12,138,272PETRLEO SAPETRLEOBRASILEIRO ? ? ? ? 739,324 ? 739,324SASECRETARIADA RECEITA ? 8,035,627 ? ? ? ? 8,035,627FEDERALDO BRASILTotal 12,138,272 8,035,627 550,812,951 ? 985,852,635 ? 1,556,839,485 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: BASINEXPLORATION ? ? ? ? 739,324 ? 739,324PROJECTSBC-10 ? ? 24,739,055 ? ? ? 24,739,055BIJUPIRA AND ? ? 8,104,636 ? ? ? 8,104,636SALEMABM-S-9,BM-S-9A,BM-S-11, ? ? 506,218,983 ? 985,113,310 ? 1,491,332,293BM-S-11A ANDENTORNO DESAPINHOALIBRA PSC 12,138,272 [B] 11,750,278 23,888,549Entity level payment:SHELL BRASILPETROLEO ? 8,035,627 ? ? ? ? 8,035,627LTDATotal 12,138,272 8,035,627 550,812,951 ? 985,852,635 ? 1,556,839,485

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.[A] Includes payment in kind of $12,138,272 for 317 KBOE valuated at market price.[B] Includes payment in kind of $12,138,272 for 317 KBOE valuated at market price.

Trinidad and TobagoGovernment Reports (in USD) [1] Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsGovernments: BOARD OFINLAND ? 13,790,525 ? ? ? ? 13,790,525REVENUEPERMANENTSECRETARY 62,884,045 113,477 2,284,658 ? 9,501,505 ? 74,783,685MINISTRY OFENERGYTotal 62,884,045 13,904,002 2,284,658 ? 9,501,505 ? 88,574,210 Project Reports (in USD) Production Taxes Royalties Bonuses Fees Infrastructure Total Entitlement ImprovementsProjects: BLOCK 5C, 5D ? ? ? ? 2,653,448 ? 2,653,448AND 6DBLOCK 6B 55,874,429 ? ? ? 1,684,458 ? 57,558,887CENTRAL BLOCK ? 13,904,002 2,284,658 ? 713,613 ? 16,902,273NORTH COASTMARINE AREA 1 7,009,616 ? ? ? 1,796,955 ? 8,806,572(NCMA1)Entity level payment:BGINTERNATIONALLIMITED ? ? ? ? ? 2,653,030 ? 2,653,030TRINIDAD ANDTOBAGO BRANCHTotal 62,884,045 13,904,002 2,284,658 ? 9,501,505 ? 88,574,210

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

CAUTIONARY NOTEThe companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Report 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 Report refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.