Royal Dutch Shell plc Investors’ Handbook 2010-2014

2014							$ MILLION
					North America		South America
	Europe	Asia	Oceania	Africa	USA	Other	South America	Total
Revenue (third party and inter-segment)	17,891	35,629	3,299	11,129	13,553	9,250	1,548	92,299
Share of profit of joint ventures and associates	1,128	3,173	266	937	(4)	77	(75)	5,502
Interest and other income	68	845	2,292	503	327	(71)	65	4,029
Total revenue and other income	19,087	39,647	5,857	12,569	13,876	9,256	1,538	101,830
Purchases excluding taxes	5,848	10,113	344	1,505	1,909	3,383	(63)	23,039
Production and manufacturing expenses	3,255	4,905	809	2,483	4,572	3,391	678	20,093
Taxes other than income tax	264	948	211	836	201	–	165	2,625
Selling, distribution and administrative expenses	777	103	9	1	136	7	22	1,055
Research and development	642	28	–	–	134	51	–	855
Exploration	458	1,331	232	307	1,548	88	260	4,224
Depreciation, depletion and amortisation	1,815	4,621	430	2,054	6,665	1,808	475	17,868
Interest expense	364	90	55	144	211	60	29	953
Income before taxation	5,664	17,508	3,767	5,239	(1,500)	468	(28)	31,118
Taxation	3,599	7,542	2,103	2,416	(626)	78	165	15,277
Income after taxation	2,065	9,966	1,664	2,823	(874)	390	(193)	15,841
Cash flow from operations	3,975	14,619	1,684	4,629	3,935	2,685	312	31,839
Less: working capital movements	1,148	(1,470)	(845)	616	(994)	360	(285)	(1,470)
Cash flow from operations excluding working capital movements	2,827	16,089	2,529	4,013	4,929	2,325	597	33,309

2013							$ MILLION
					North America		South America
	Europe	Asia	Oceania	Africa	USA	Other	South America	Total
Revenue (third party and inter-segment)	23,144	35,916	3,414	11,007	9,762	8,878	748	92,869
Share of profit of joint ventures and associates	1,469	3,235	111	1,162	1	55	87	6,120
Interest and other income	(123)	572	172	(14)	20	52	(20)	659
Total revenue and other income	24,490	39,723	3,697	12,155	9,783	8,985	815	99,648
Purchases excluding taxes	9,088	9,761	290	1,378	(1,175)	2,989	48	22,379
Production and manufacturing expenses	2,998	4,162	762	1,978	4,588	3,594	389	18,471
Taxes other than income tax	328	1,254	226	963	223	–	85	3,079
Selling, distribution and administrative expenses	993	85	7	1	47	26	35	1,194
Research and development	648	15	–	–	178	106	–	947
Exploration	627	1,082	396	354	1,790	312	717	5,278
Depreciation, depletion and amortisation	1,444	3,114	434	1,293	7,954	2,550	160	16,949
Interest expense	359	76	47	133	210	61	24	910
Income before taxation	8,005	20,174	1,535	6,055	(4,032)	(653)	(643)	30,441
Taxation	4,883	10,977	475	3,100	(1,500)	(203)	71	17,803
Income after taxation	3,122	9,197	1,060	2,955	(2,532)	(450)	(714)	12,638
Cash flow from operations	5,215	12,834	1,717	5,027	3,775	1,414	132	30,114
Less: working capital movements	1,251	(88)	(929)	1,391	(86)	(346)	119	1,312
Cash flow from operations excluding working capital movements	3,964	12,922	2,646	3,636	3,861	1,760	13	28,802

2012							$ MILLION
					North America		South America
	Europe	Asia	Oceania	Africa	USA	Other	South America	Total
Revenue (third party and inter-segment)	26,569	31,438	3,463	14,966	8,657	8,003	1,454	94,550
Share of profit of joint ventures and associates	1,667	3,866	395	950	1,150	25	(52)	8,001
Interest and other income	70	793	2,107	984	569	149	164	4,836
Total revenue and other income	28,306	36,097	5,965	16,900	10,376	8,177	1,566	107,387
Purchases excluding taxes	10,689	8,699	277	1,878	659	2,958	85	25,245
Production and manufacturing expenses	2,651	3,761	834	1,915	3,477	3,434	282	16,354
Taxes other than income tax	350	410	318	1,248	39	–	144	2,509
Selling, distribution and administrative expenses	843	196	4	3	126	19	20	1,211
Research and development	595	16	–	–	135	121	2	869
Exploration	398	460	175	699	802	372	198	3,104
Depreciation, depletion and amortisation	1,583	1,903	306	1,277	3,930	2,072	316	11,387
Interest expense	311	68	34	116	170	53	22	774
Income before taxation	10,886	20,584	4,017	9,764	1,038	(852)	497	45,934
Taxation	6,421	11,205	1,095	5,361	(121)	(408)	137	23,690
Income after taxation	4,465	9,379	2,922	4,403	1,159	(444)	360	22,244
Cash flow from operations	6,677	11,457	2,107	6,615	4,483	1,047	675	33,061
Less: working capital movements	18	(587)	469	(410)	526	(73)	167	110
Cash flow from operations excluding working capital movements	6,659	12,044	1,638	7,025	3,957	1,120	508	32,951

2011							$ MILLION
					North America		South America
	Europe	Asia	Oceania	Africa	USA	Other	South America	Total
Revenue (third party and inter-segment)	26,263	24,724	3,285	16,567	10,037	9,149	1,666	91,691
Share of profit of joint ventures and associates	1,527	3,233	296	703	1,351	(14)	31	7,127
Interest and other income	42	929	104	861	1,598	111	505	4,150
Total revenue and other income	27,832	28,886	3,685	18,131	12,986	9,246	2,202	102,968
Purchases excluding taxes	9,687	4,684	252	1,860	1,983	3,658	(35)	22,089
Production and manufacturing expenses	2,836	3,850	857	1,634	2,856	3,300	253	15,586
Taxes other than income tax	390	592	297	1,499	59	–	180	3,017
Selling, distribution and administrative expenses	1,012	94	3	8	127	15	14	1,273
Research and development	505	15	–	–	120	41	(1)	680
Exploration	313	326	178	493	745	85	126	2,266
Depreciation, depletion and amortisation	1,519	1,275	351	1,199	2,523	1,608	352	8,827
Interest expense	356	50	32	120	135	49	14	756
Income before taxation	11,214	18,000	1,715	11,318	4,438	490	1,299	48,474
Taxation	6,181	9,930	(24)	6,511	764	178	468	24,008
Income after taxation	5,033	8,070	1,739	4,807	3,674	312	831	24,466
Cash flow from operations	6,680	8,130	1,954	5,680	5,310	1,791	1,034	30,579
Less: working capital movements	(876)	(1,277)	268	(1,349)	528	(131)	135	(2,702)
Cash flow from operations excluding working capital movements	7,556	9,407	1,686	7,029	4,782	1,922	899	33,281

2010							$ MILLION
					North America		South America
	Europe	Asia	Oceania	Africa	USA	Other	South America	Total
Revenue (third party and inter-segment)	21,379	15,969	2,840	12,034	8,796	5,702	1,478	68,198
Share of profit of joint ventures and associates	1,378	1,619	512	477	818	(4)	100	4,900
Interest and other income	37	378	2,773	168	163	35	62	3,616
Total revenue and other income	22,794	17,966	6,125	12,679	9,777	5,733	1,640	76,714
Purchases excluding taxes	7,379	2,456	120	1,201	1,118	1,841	(23)	14,092
Production and manufacturing expenses	2,981	3,282	676	1,216	2,690	2,641	211	13,697
Taxes other than income tax	303	333	284	1,019	100	–	154	2,193
Selling, distribution and administrative expenses	989	85	11	6	384	35	2	1,512
Research and development	416	5	–	–	144	55	–	620
Exploration	335	275	110	294	730	167	125	2,036
Depreciation, depletion and amortisation	2,732	861	436	1,211	2,070	3,198	636	11,144
Interest expense	344	28	30	107	101	45	8	663
Income before taxation	7,315	10,641	4,458	7,625	2,440	(2,249)	527	30,757
Taxation	2,987	6,775	516	4,556	446	(587)	129	14,822
Income after taxation	4,328	3,866	3,942	3,069	1,994	(1,662)	398	15,935
Cash flow from operations	5,096	5,419	1,920	6,088	4,274	835	1,240	24,872
Less: working capital movements	(347)	(73)	157	253	88	96	172	346
Cash flow from operations excluding working capital movements	5,443	5,492	1,763	5,835	4,186	739	1,068	24,526

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