Royal Dutch Shell Plc (RDSA:LN)

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Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Business Description and Key Statistics

Royal Dutch Shell is an energy company engaged in the principal Current YTY % Chg aspects of the oil and gas industry. Co.'s segments are: Integrated Gas, which covers liquefied natural gas activities and the Revenue LFY (M) 134,237 -27.1 conversion of natural gas into gas-to-liquids fuels and other EPS Diluted LFY -2.04 products, as well as the New Energies portfolio; Upstream, which combines the Upstream and Oil Sands segments; Downstream, Market Value (M) 128,182 which is engaged in oil products and chemicals manufacturing, marketing and trading activities, that turns crude oil and other Shares Outstanding LFY (000) 7,807,423 feedstocks into a range of products which are moved and marketed Book Value Per Share 15.23 around the world for domestic, industrial and transport use; and Corporate. EBITDA Margin % 20.80 Net Margin % 2.6 Website: www.shell.com Long-Term Debt / Capital % 33.7 ICB Industry: Energy Dividends and Yield TTM 0.14 - 0.85% ICB Subsector: Integrated Oil and Gas Payout Ratio TTM % 27.2 Address: Carel van Bylandtlaan 30 The Hague 60-Day Average Volume (000) 14,280 NLD 52-Week High & Low 1,641.80 - 900.00 Employees: 86,000 Price / 52-Week High & Low 1.00 - 1.82

Price, Moving Averages & Volume

1,678.9 1,678.9 Royal Dutch Shell Plc is currently trading at 1,641.80 which is 13.2% above its 50 1,576.9 1,576.9 day moving average price of 1,450.14 and 15.0% above its 1,474.9 1,474.9 200 day moving average price of 1,428.10.

1,372.9 1,372.9 RDSA:LN is currently trading at its 52-week high price of 1,641.80 and is 82.4% above 1,270.9 1,270.9 its 52-week low price of 900.00. Over the past 52- 1,168.9 1,168.9 weeks, RDSA:LN is up 63.8% while on a calendar year-to- date basis it is up 26.5%. 1,066.9 1,066.9 The Relative Strength Index (RSI) indicator for RDSA:LN is 964.9 964.9 currently 77.49. An RSI value of 70 and above is considered 862.9 862.9 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 145,023 145,023

108,767 108,767

72,511 72,511

36,256 36,256 Mean (13854.41) 0 0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 2.77 3.55 50-Day Average Price 1450.14 1-Week % 10.26 9.01 Price / 50-Day Average 1.13 4-Week % 14.68 16.76 200-Day Average Price 1428.10 52-Week % 63.79 42.75 Price / 200-Day Average 1.15 RSI - Relative Strength Index 77.49 Quarter-to-Date % 13.48 13.00

Year-to-Date % 26.51 17.00 Risk Metrics Last Month % -0.80 -2.72 Price Volatility 59.71 Last Quarter % 2.33 -2.34 Sharpe Ratio 0.00 Last Calendar Year % -41.93 -28.94 Sortino Ratio 0.00

5-Year Price Performance vs. FTSE 350

Royal Dutch Shell Plc Current: 0.86 CAGR: -3.0% Over the past five years, Royal FTSE 350 Index Current: 1.18 CAGR: 3.3% Dutch Shell Plc's stock price is down 14.2% which is 31.9% 1.5 1.5 below the FTSE 350 Index performance of 17.6% over the same period. Royal Dutch 1.4 1.4 Shell Plc's cumulative annualized growth rate 1.3 1.3 (CAGR) over the five year period has been -3.0% while that of the FTSE 350 Index 1.2 1.2 has been 3.3%. ^NMX:LN Over the past year, Royal 1.1 1.1 Dutch Shell Plc's stock price performance of 63.8% has 1.0 1.0 outperformed that of the FTSE 350 Index by 42.8%. On a year-to-date basis, Royal 1.0 1.0 Dutch Shell Plc's stock price performance of 26.5% has outperformed the FTSE 350 0.9 RDSA:LN 0.9 Index by 17.0%.

0.8 0.8 Over the past week, Royal Dutch Shell Plc's stock price performance of 10.3% has 0.7 0.7 outperformed that of the FTSE 350 Index by 9.0%. 0.6 0.6

0.5 0.5

0.4 0.4 2017 2018 2019 2020 2021 2022

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % -16.1 -1.4 -4.6 Gross Margin % 27.0 21.0 19.3 Revenues Per Share % -14.2 -3.7 -6.9 EBITDA Margin % 20.8 16.4 14.6 EBITDA % -8.5 15.0 -2.3 Pre-Tax Margin % 4.1 2.9 4.9 EPS Diluted % -33.5 999.9 -15.7 Net Margin % 2.6 1.6 2.7 Free Cash Flow % Return on Equity % -11.0 3.7 6.9 Cash from Operations % 3.7 16.1 3.0 Return on Capital % 2.2 2.7 5.5 Book Value % -3.3 -2.2 -0.4 Return on Assets % 1.4 1.8 3.4

Revenue (M) Royal Dutch Shell Plc's cumulative annualized revenue Current: 134237.40 Median: 230896.83 High: 310595.32 Low: 134237.40 CAGR: -8.9% growth rate over the charted 345,866.9 345,866.9 310,595.3 period is -8.9%. This

266,633.4 compares to cumulatative 272,384.4 272,384.4 annualized growth of -16.1% 230,896.8 over the past 3 years. 195,126.4 198,902.0 198,902.0 134,237.4 125,419.5 125,419.5 2017 2018 2019 2020 2021 Royal Dutch Shell Plc's EPS Diluted cumulative annualized EPS Current: -2.04 Median: 1.15 High: 2.19 Low: -2.46 CAGR: -0.5% growth rate over the charted 3.12 3.12 period is -0.5%. This 2.19 1.48 compares to cumulatative 1.15 annualized growth of -33.5% 1.18 0.47 1.18 over the past 3 years. -0.76 -0.76 -2.04 -2.70 -2.70 2016 2017 2018 2019 2020 2021

Net Profit Margin % Royal Dutch Shell Plc's net profit margin of 2.6% is 1.0% Current: 2.60 Median: 3.36 High: 6.05 Low: -12.16 CAGR: 9.4% above the period's mean net 7.0 7.0 margin of 1.6%. During the Mean (1.59) charted period, the observed 0.3 0.3 net profit margin high and low were 6.1% and -12.2% -6.4 -6.4 respectively.

-13.1 -13.1 2016 2017 2018 2019 2020 2021 Royal Dutch Shell Plc's return Return on Equity % on equity of -11.0% is 14.7% Current: -11.00 Median: 5.60 High: 11.90 Low: -13.80 CAGR: -2.6% below the period's mean return 13.2 13.2 on equity of 3.7%. During the charted period, the observed 3.8 Mean (3.72) 3.8 ROE high and low were 11.9% and -13.8% respectively. -5.7 -5.7

-15.1 -15.1 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 32.0 22.7 14.6 Earnings Yield % 3.13 4.41 6.86

Price / Sales 0.8 0.8 0.6 Free Cash Flow Yield %

Price / Operating Cash Flow 4.7 5.8 5.5 Dividend Yield % 0.85 5.69 7.76

Price / Book Value 1.1 1.2 1.2 Enterprise Value / EBITDA 5.4 5.9 5.0

Price / EPS TTM Royal Dutch Shell Plc is trading at 31.98 times its EPS Current: 31.98 Median: 22.66 High: 99.90 Low: 6.93 CAGR: -20.4% generated during the latest 104.5 104.5 fiscal year. This multiple is above the historically observed 70.5 70.5 median of 22.66, while high and low observations have been 99.90 and 6.93. 36.4 36.4 Median (22.66)

2.3 2.3 2016 2017 2018 2019 2020 2021 Price / Sales Royal Dutch Shell Plc is trading at a Price to Sales ratio Current: 0.83 Median: 0.75 High: 0.99 Low: 0.31 CAGR: 0.7% of 0.83 based on sales 1.02 1.02 generated during the latest fiscal year. This ratio is above 0.77 Median (0.75) 0.77 the historically observed median ratio of 0.75, while high and low observations 0.53 0.53 have been 0.99 and 0.31.

0.28 0.28 2016 2017 2018 2019 2020 2021 Royal Dutch Shell Plc is Price / Book Value trading at a Price to Book ratio Current: 1.08 Median: 1.19 High: 1.61 Low: 0.59 CAGR: -0.2% of 1.08 based on book value at 1.7 1.7 the latest fiscal year end. This ratio is below the historically observed median of 1.19, 1.3 1.3 Median (1.19) while high and low observations have been 1.61 0.9 0.9 and 0.59.

0.5 0.5 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Dividends Data

Dividends Per Share TTM 0.14 Payout Ratio TTM % 27.19% Dividend Yield TTM % 0.85%

Rate Ex Date Record Date Payment Date Currency Note 0.140 18-02-2021 19-02-2021 29-03-2021 EUR 4TH QUARTER GROSS. DECLARED AS USD0.1665, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.000 12-11-2020 13-11-2020 16-12-2020 3RD QUARTER GROSS. DECLARED AS USD0.1665, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.000 13-08-2020 14-08-2020 21-09-2020 2ND QUARTER GROSS. DECLARED AS USD0.16, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.142 14-05-2020 15-05-2020 22-06-2020 EUR 1ST QUARTER GROSS. DECLARED IN USD0.16, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.419 13-02-2020 14-02-2020 23-03-2020 EUR 4TH QUARTER GROSS. DECLARED IN USD, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B' SHARES. 0.423 14-11-2019 15-11-2019 18-12-2019 EUR 3RD QUARTER GROSS. DECLARED IN USD, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B' SHARES. 0.000 15-08-2019 16-08-2019 23-09-2019 2ND QUARTER GROSS. DECLARED AS USD0.47, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.415 16-05-2019 17-05-2019 24-06-2019 EUR 1ST QUARTER GROSS. DECLARED AS USD0.47, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.418 14-02-2019 15-02-2019 25-03-2019 EUR 4TH QUARTER GROSS. DECLARED AS USD0.47, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.412 15-11-2018 16-11-2018 19-12-2018 EUR 3RD QUARTER GROSS. DECLARED AS USD0.47, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'… 0.405 09-08-2018 10-08-2018 17-09-2018 EUR 2ND QUARTER GROSS. DECLARED AS USD0.47, PAYABLE AS EUR0.4048 ON THE 'A' SHARES, GBP0.365… 0.000 10-05-2018 11-05-2018 18-06-2018 1ST QUARTER GROSS. DECLARED AS USD0.47, PAYABLE IN EUR ON THE 'A' SHARES, GBP ON THE 'B'…

Dividend Growth and Yield

Dividends Per Share TTM Royal Dutch Shell Plc's trailing 12-month dividend per share Current: 0.14 Median: 1.25 High: 1.83 Low: 0.14 CAGR: -41.8% is 0.14 and its dividend has 1.91 1.91 grown at a cumulative annualized rate of -41.8% over 1.60 1.60 the charted period. This compares to dividend growth 1.29 1.29 of -85.80% over the past year and cumulative annualized growth of -29.30% over the 0.99 0.99 past 3 years.

0.68 0.68

0.37 0.37

0.06 0.06 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Royal Dutch Shell Plc's current dividend yield is 0.85% based Current: 0.85 Median: 5.70 High: 11.83 Low: 0.85 CAGR: -38.7% on trailing 12 month 12.38 12.38 dividends. The current yield is below the historically observed 10.37 10.37 median of 5.70% and, over the charted time period, the 8.35 8.35 observed high yield has been 11.83% and the observed low yield has been 0.85%. 6.34 6.34

4.33 4.33

2.31 2.31

0.30 0.30 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % 0.0 19.7 39.4 59.1 78.8 -51.8 -38.3 -24.9 -11.4 2.1

PJSC Gazprom 75.1 China Petroleum & Chemical Corp -8.3 Novatek Joint Stock Co 55.8 Novatek Joint Stock Co -19.5 Gazprom Neft PJSC 52.5 Rosneft Oil Co OJSC (Moscow) -21.7 Rosneft Oil Co OJSC (Moscow) 50.2 TotalEnergies SE -28.0 PJSC Lukoil 40.7 PJSC Lukoil -31.2 Peer Group Average 32.8 PJSC Gazprom -32.0 BP PLC 32.1 Peer Group Average -32.0 Royal Dutch Shell Plc 26.5 Gazprom Neft PJSC -36.0 TotalEnergies SE 18.7 Royal Dutch Shell Plc -41.9 Tatneft PJSC 7.2 Surgutneftegas PJSC -42.7 China Petroleum & Chemical Corp 1.8 Tatneft PJSC -44.8 Surgutneftegas PJSC 0.7 BP PLC -46.0 0.0 19.7 39.4 59.1 78.8 -51.8 -38.3 -24.9 -11.4 2.1

Price / EPS TTM Price / Book Value 0.0 26.2 52.4 78.7 104.9 0.0 13.1 26.2 39.3 52.3

Novatek Joint Stock Co 99.9 China Petroleum & Chemical Corp 49.9 PJSC Gazprom 99.9 Novatek Joint Stock Co 35.3 PJSC Lukoil 99.9 Peer Group Average 9.9 Gazprom Neft PJSC 99.9 Tatneft PJSC 8.3 China Petroleum & Chemical Corp 99.9 Gazprom Neft PJSC 5.5 Tatneft PJSC 72.9 Surgutneftegas PJSC 2.4 Peer Group Average 62.5 Rosneft Oil Co OJSC (Moscow) 1.4 Rosneft Oil Co OJSC (Moscow) 42.4 PJSC Gazprom 1.2 Royal Dutch Shell Plc 32.0 TotalEnergies SE 1.2 TotalEnergies SE 20.9 BP PLC 1.2 Surgutneftegas PJSC 19.4 PJSC Lukoil 1.1 BP PLC 0.2 Royal Dutch Shell Plc 1.1 0.0 26.2 52.4 78.7 104.9 0.0 13.1 26.2 39.3 52.3

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -205.0 110.6 426.1 741.7 1,057.3 -5.6 -2.0 1.6 5.2 8.8

Royal Dutch Shell Plc 999.9 Novatek Joint Stock Co 8.1 Gazprom Neft PJSC 6.7 BP PLC 999.9 Tatneft PJSC 5.7 Peer Group Average 242.6 Rosneft Oil Co OJSC (Moscow) 2.0

China Petroleum & Chemical Corp 17.6 Peer Group Average 1.8 PJSC Gazprom 1.7 TotalEnergies SE 13.0 TotalEnergies SE 1.5 Surgutneftegas PJSC -3.0 Surgutneftegas PJSC 1.1

Rosneft Oil Co OJSC (Moscow) -14.6 PJSC Lukoil -0.6 Royal Dutch Shell Plc -1.4 PJSC Gazprom -28.5 BP PLC -1.5 PJSC Lukoil -43.3 China Petroleum & Chemical Corp -3.8 -205.0 110.6 426.1 741.7 1,057.3 -5.6 -2.0 1.6 5.2 8.8

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Energy/Integrated Oil and Gas Price: 1,641.80 GBX Report Date: September 28, 2021

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