Jeremiah Wright and Miley Cyrus: The Fall of the American News Media

Rev. Jeremiah Wright

Who pushed the American mainstream media off the wall?
Rupert Murdoch or those Arianna Huffington called the lunatic fringe elements?

The best news in America is the childish and foolish debate over whether Miley Cyrus posed topless or backless for Vanity Fair magazine and the political nonsense over Rev. Jeremiah Wright's right to his own opinions.


Miley Cyrus

Americans want Rev. Jeremiah Wright to give up his life long convictions on calling a spade a spade without apologies or regrets, but he has proved to be a man of principles.
Senator Barack Obama cannot dictate to Rev. Jeremiah Wright and make him retract his unpatriotic statements. Rev. Jeremiah Wright is not Barack Obama's Man Friday.

Senator Barack Obama is so desperate to win the presidential nomination of the Democratic Party that he ready to even push his spiritual godfather over the cliff.

As the American news channels are falling over themselves over Miley Cyrus's photographs in Vanity Fair and the personal principles of Rev. Jeremiah Wright, more American soldiers are being killed in Iraq and these heroes never made headlines or cover stories.

Is this the American Dream of the Founding Founders of America or the American Nightmare?

God help America.

Vote for a Mayor Who has the Interests of London's Workers at Heart

Mayor of London, Kenneth Robert Livingstone at the World Economic Forum in Davos, 2008.

30 Apr 2008 10:04 Africa/Lagos


Vote for a Mayor Who has the Interests of London's Workers at Heart

LONDON, April 30/PRNewswire/ --

Unite, London's biggest trade union, is calling on Londoners to vote for a Mayor who has the interests of working people and their families at heart.


The union will today highlight Ken Livingstone's record on supporting young people and the introduction of the living wage as testament to his solid commitment to making London a fairer city.


Urging London's workers to vote for a Mayor that will put their interests first, Unite's Joint General Secretary, Tony Woodley said:


"Ken Livingstone's Living Wage Unit broke new ground in delivering fairer pay deals for hard-pressed workers in one of the world's most expensive cities.


Thanks to Ken Livingstone, there's a growing acceptance that a living wage in the city starts at GBP7.20. It is a powerful statement that shows this Mayor is committed to lifting workers out of poverty. In a city where income is vastly polarised, it is vital that low wage workers know their Mayor is on their side."


Unite has also welcomed the pledge by Ken Livingstone to match the GBP79 million already allocated by the government to improve facilities for London's young people.


Unite's Joint General Secretary, Derek Simpson said,


"Doubling the money available for services for young people will be music to the ears of families across the capital. This investment is the most substantial since the foundation of the youth service in 1961 and will go a long way to addressing the Tory legacy.


Thanks to Ken Livingstone with this new money we have more opportunities to tackle some of the problems affecting young people in the capital."


Notes to Editors


1. The Living Wage unit was established following a commitment in the Mayor's election manifesto in 2004. It is part of the Greater London Authority's economics unit 'GLA Economics' which provides authoritative and expert analysis of London's economy for policy development and decision making by the Greater London Authority.


Source: Unite the Union

Contact: Ciaran Naidoo +44(0)7768-931-315.

Energy: The Rising Toll on Perceptions of America's Foreign Policy

30 Apr 2008 05:01 Africa/Lagos


Energy: The Rising Toll on Perceptions of America's Foreign Policy

NEW YORK, April 30 /PRNewswire-USNewswire/ --

Rising fears about the health of the U.S. economy are spilling over into the public's thinking about foreign policy issues, and their concerns about the nation's dependence on others to satisfy its energy needs are particularly pronounced. The Spring 2008 edition of the Confidence in U.S. Foreign Policy Index from Public Agenda and its partner Foreign Affairs reveals that six out of ten Americans (60 percent) say reducing energy dependence would strengthen our nation's security "a great deal," the highest percentage since the Index's inception and now the most highly rated of 12 basic strategies to improve national security explored in the survey.


Analysis and data for questions asked in all six editions of the CFPI are available at: http://www.publicagenda.org/CFPI6


Whereas improving intelligence operations used to top the list of strategies for improving national security, now reducing energy dependence is the highest national security priority for the American public. There has been a very large jump of 16 percentage points over the past six months of those saying they worry "a lot" about the rise in cost of gas and fuel (70 percent). And there has been a 14-point jump in those saying they worry "a lot" that problems abroad may hurt our supply of oil and raise prices (54 percent), with 35 percent saying they worry somewhat.


The public may be more dispirited about what can be done about the energy challenge. Fewer say it is realistic to think that the U.S. government will be able to maintain a stable supply of oil at a reasonable price.


Grades on Iraq Improve but Overall Attitudes Still Negative. Fundamental attitudes about Iraq have not changed. There has been some improvement in how the public grades U.S. performance in Iraq since the last edition of the CFPI.


More in the report: Increasing support for diplomacy, especially on dealing with Iran. Perceptions of Muslims changing. Increasing favorability of global development strategies. New public thinking on fighting Al Queda in Afghanistan and Pakistan.


Supported by The William and Flora Hewlett Foundation and the Ford Foundation, the index covers more than 25 issues through more than 110 survey questions and has been issued biannually since June 2005.


CONTACT: Michael Hamill Remaley of Public Agenda, +1-212-686-6610 ext. 13, mremaley@publicagenda.org


Source: Public Agenda

CONTACT: Michael Hamill Remaley of Public Agenda, +1-212-686-6610 ext.
13, mremaley@publicagenda.org


Web Site: Public Agenda

Secretary of State Condoleezza Rice Reaffirms U.S. Commitment to Israeli Security and Peace at AJC 102 Annual Meeting

Dr. Condoleezza Rice, U.S. Secretary of State

30 Apr 2008 04:26 Africa/Lagos


Secretary of State Condoleezza Rice Reaffirms U.S. Commitment to Israeli Security and Peace at AJC 102 Annual Meeting

WASHINGTON, April 29 /PRNewswire-USNewswire/ --

U.S. Secretary of State Condoleezza Rice reaffirmed America's deep commitment to Israeli-Palestinian peace, and urged Arab nations to strengthen their dedication to this effort, at the opening session of the American Jewish Committee's 102nd Annual Meeting celebrating Israel's 60th anniversary.


"For sixty years, American administrations have been dedicated to the freedom, security, and well-being of our democratic ally, Israel," said Secretary Rice. "We will defend against any action that would compromise Israel's security."


Addressing diplomats, dignitaries and nearly one thousand AJC leaders from around the world, Secretary Rice lauded AJC as a "tireless advocate for human dignity" that has fought hate and anti-Semitism, and has "strengthened the foundations of American life." She last spoke at AJC's Annual Meeting in 2002.


Discussing prospects for peace, Secretary Rice urged full cooperation on the Road Map by Israel and the Palestinians, and pressed Arab nations to embrace the "fourth track" of these negotiations, supporting peace efforts and establishing ties with the Jewish state.


She also stressed the need to isolate Hamas and other terrorist groups. "Either you are a terrorist group or a political party - you cannot be both," said Rice. "Hamas is increasingly serving as proxy warriors for Iran."


Secretary Rice answered questions from audience members.


On a question regarding former President Jimmy Carter's recent meetings with Hamas representatives, she said, "I don't see the point of trying to negotiate with people who are determined to destroy the foundation of peace."


To a question on Iran's quest for nuclear weapons, she responded by noting the success to date of various U.S. government bodies to deny Iran access to the global financial system. She also underlined her commitment to continuing to work with China, Russia, Europe and others to isolate Iran in the international community, with the goal of preventing Iran from achieving nuclear weapons capability. She also denounced Iran's destabilizing activities throughout the Middle East, including Iraq, Afghanistan, and Gaza.


Secretary Rice concluded by noting America's dedication to closing a deal between Israelis and Palestinians this year, despite the tough choices faced by those dedicated to peace.


"Difficult decisions are coming. Difficult decisions will have to be made. But let us secure for all time a lasting peace."


Source: American Jewish Committee

CONTACT: Kenneth Bandler, Director of Public Relations and
Communications, +1-212-891-6771, bandlerk@ajc.org, or Michael Geller,
Assistant Director of Public Relations, +1-212-891-1385, gellerm@ajc.org, both
of American Jewish Committee


Web site: American Jewish Committee



Click here for the official print quality photography of Secretary of State Condoleezza Rice.

The World's 10 Most Wanted Fugitives and YouTube - CIA Leak Case of the FBI Most Wanted Terrorists Bank.

I wanted to post the list of The World's 10 Most Wanted Fugitives, but I changed my mind, because it is not news. The information on the most wanted fugitives in the world is all over the Internet. Osama bin Laden is top on the list and on the most wanted list of the FBI and CIA. But it is a list made up by America and I wonder if President Geroge W. Bush is better than these fugiitives, because I am sure that he is also on the most wanted list of Islamic fundamentalists for the American catastrophe in Iraq.

Here is how I am going to wrap up my own point of view with this YouTube - CIA Leak Case of the FBI Most Wanted Terrorists Bank.

Days of Infamy: Active History and the Teaching of History

Days of Infamy: Active History and the Teaching of History
by Newt Gingrich (more by this author)
Posted 04/29/2008 ETUpdated 04/29/2008 ET

This week our new novel, Days of Infamy, is being published by St. Martin's Press. Days of Infamy is the sequel to Pearl Harbor, (just released in paperback) and carries on the story of "what might have been" if a different, more aggressive commander -- Admiral Yamamoto -- had led the Japanese Fleet in their surprise attack at Pearl Harbor in December, 1941.

The Wrong Admiral for the Wrong Job
In real history, the Japanese high command assigned their Pearl Harbor strike force of six aircraft carriers to Admiral Chuichi Nagumo. If ever there was an assignment of the wrong man for the wrong job, it was this one.

From the beginning of his forty-year career, Nagumo had been trained in surface warfare, especially the use of destroyers and cruisers as "hit and run" weapons. Thinking like a destroyer commander, he always saw the attack on Pearl Harbor as a "hit and run" raid: Go in, strike, then get out as fast as possible. He believed, as did most admirals in virtually every navy in 1941, that the battleship was the key to victory -- and that the aircraft carrier was just a vulnerable and limited auxiliary to the battleship.

Snatching Defeat from the Jaws of Victory
The real history of Pearl Harbor demonstrates the results of Nagumo's caution and traditionalism. After the two initial air raids, Americans forces on Oahu were wide open for total destruction. Our repair shops, dry docks, five million precious barrels of oil stockpiled in flimsy tanks, and especially our aircraft carriers (which luck, or fate, had placed outside the harbor that morning) were all vulnerable to renewed attack. The Japanese could have inflicted grievous additional blows. But a cautious "hit and run" admiral ordered an immediate retreat instead, snatching defeat from the jaws of victory.

Thus our fascination with what we call "active history." Pearl Harbor asked readers to consider how profoundly different December 7, 1941, would have been if, instead of a cautious "hit and run" commander, the attack on Pearl Harbor had been led by Admiral Yamamoto, a man who understood the value of aircraft carriers and air power and whose goal was to wipe the slate clean on the first day of the war, sinking all of our carriers and gaining total air superiority across the Pacific.

Days of Infamy picks up where Pearl Harbor left off and invites readers to imagine how the ensuing battle in the Pacific might have been different with a small but significant twist in history.

Making History Come Alive
"Active history" is a concept my co-author, historian William Forstchen, and I developed a few years back (along with Albert Hanser, a contributing editor of all our books) to get people more interested in the leaders and events that have made us who we are. We were tired of history being taught in a boring way that forces students to memorize dates and events. That method makes people think of history as something to "get through" rather than something to enjoy, think about, argue over, and discuss.

As history professors (all three of us have doctorates in history and have taught with enthusiasm and excitement) we wanted to inject excitement and a dynamic sense of "what might have been" into the study and teaching of history. So we developed the concept of active history. Active history teaches readers the events that have shaped their lives by inviting them to compare what actually happened with what might have happened. It shows how the wisdom -- and the folly -- of decisions made in the past impact our lives today, and how our decisions, in turn, will effect our children and grandchildren.
Gettysburg, Grant Comes East, Never Call Retreat, and Pearl Harbor

In Gettysburg, Grant Comes East, and Never Call Retreat we developed an active history version of the Civil War beginning with Lee winning at Gettysburg (which General Bob Scales and Colonel Leonard Fullenkamp of the Army War College helped us develop and think through).
In Pearl Harbor we began applying the model of active history to World War II in the Pacific. Many years ago we wrote 1945 as an active history of WWII in Europe involving Germany, but we decided that for a longer series we wanted to focus on the Pacific. Even as Asia is becoming more and more important to the United States economically and militarily, much of the history of twentieth-century Asia has not been fully explored and written about.

Admiral Yamamoto: A Risk-Taking Air Power Advocate
In real history Admiral Yamamoto was both the intellectual force behind the Japanese naval strategy in 1941 and a leading advocate of naval airpower. He had commanded an aircraft carrier and was head of the Japanese navy's aeronautics department. He had presided over the development of several Japanese naval aircraft and had thought long and hard about the use of aircraft carriers.

From a novelist's perspective there is an additional aspect of Yamamoto's personality that is intriguing. He was a very successful gambler. He had won a lot of money at poker while serving in the United States and had been successful in the casinos of Monte Carlo while serving in Europe.

A Dramatically More Aggressive and Daring Japanese Attack

In Pearl Harbor, our decisive, active history plot twist was to shift from the timid, battleship-oriented Nagumo to the gambling, airpower advocate Yamamoto. We showed the initial evolution of a dramatically more aggressive and daring air attack.
Many students of the Pearl Harbor attack have wondered what would have happened if there had been a third wave of attack late in the day on December 7. In Pearl Harbor we give them our interpretation of that event.

In our active history there is a third wave launched at the now virtually defenseless naval and air facilities. Virtually all of the American aircraft had been destroyed on the ground in the first wave, and those who had gotten into the air were overwhelmed by the sheer numbers of Japanese aircraft.

If Yamamoto Had Commanded, Would He Have Left After Just One Day?
Now, in Days of Infamy, we ask a simple question: Would Admiral Yamamoto, knowing that he had complete air superiority, have left after just one day of attacks? We suggest that, unlike Nagumo, who wanted to leave as quickly as possible, Yamamoto would have planned for the possibility of staying two or three extra days. That means, for one thing, that he would have had to bring his tankers closer to Hawaii for the refueling needed for his destroyers.
And how would Yamamoto have evaluated the first day's success?

Where Nagumo focused on the sinking of the American battleships and felt very successful, we believe Yamamoto would have focused on the absence of the American aircraft carriers in the harbor that morning and would have felt very frustrated and almost in danger of failure.

Two Different Leaders, Two Different Histories
These two different views of what happened on December 7, 1941, demonstrate the importance of personality and doctrine in leaders.
Nagumo believed in a weapons system of the past. Yamamoto believed in the weapons system of the future. Therefore, they could look at the same evidence and reach exactly the opposite conclusions.

Nagumo was timid, tended to avoid risks, and valued safety for his ships over damaging the enemy's ships. Yamamoto was a gambler, a calculating risk taker, very aggressive, and focused on how many American ships he could sink -- not how many Japanese ships he could keep safe.
This intersection of personality and doctrine leads to a dramatic difference in how two different leaders would have fought at Pearl Harbor.

The Hunt for the Saratoga, the Lexington and the Enterprise
In Days of Infamy we carry the story to its next logical stage.
Admiral Yamamoto, having achieved decisive surprise on Sunday morning and having established complete air and sea superiority over the America forces, is now in a position to hunt for the missing American aircraft carriers.

The Japanese believe there are three American aircraft carriers in the Hawaiian Islands. Actually one of them, the Saratoga, has gone to Bremerton, Washington for refitting in such secrecy that the Japanese do not know it is gone (in real history, the Saratoga was actually pulling into San Diego on its way back from refitting on December 7).
The Lexington is near Midway where it is delivering aircraft (it would turn back, keeping the aircraft with it).

The Enterprise is on the way back from Wake Island, having delivered aircraft there.

Halsey versus Yamamoto in the Pacific
Admiral Halsey is in command of the Enterprise task force. He was America's most aggressive admiral. It is not surprising, then, that Halsey's reaction to the news of the surprise attack on Pearl Harbor is to hunt the Japanese.

Given Yamamoto's willingness to take risks and Admiral Halsey's confidence, it is easy to imagine the two of them aggressively seeking to destroy each other's forces in the battle that begins on December 8, the day after Pearl Harbor.
And that is where Days of Infamy begins....

Your friend,

Newt Gingrich

P.S. -- I've heard from many of you about my new ad with House Speaker Nancy Pelosi. As I've said before, I believe that protecting the environment is an issue that conservatives must take seriously in order to promote innovative, entrepreneurial solutions to our environmental challenges rather than the regulation, litigation, and bureaucracy advocated by the left. If you have thoughts on this topic or would like to join in our ongoing discussion about Green Conservatism just click here.

P.P.S. -- A big week of endorsements and adoptions for the Platform of the American people!
The Nevada GOP held their state convention this weekend and adopted 13 planks/principles from the Platform of the American People into their party platform!

They also pledge to hold Nevada elected officials and those running to be Nevada elected officials accountable to the items in their platform. This is an example of what conventions and platform building should truly be about. Read more about the Nevada convention and see which planks they adopted!
U.S. Representative, Kay Granger (R-TX) endorsed the Platform of the American People this week!
Join the excitement! Sign up to be a part of the movement! And, as always, stay tuned to americansolutions.com for more updates.

MTN Nigeria to Improve Performance With Motorola Optimization Services Contract

28 Apr 2008 08:00 Africa/Lagos


MTN Nigeria to Improve Performance With Motorola Optimization Services Contract
Three-year agreement expected to reduce network operating costs and increase competitiveness

LAGOS, Nigeria, April 28 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE:MOT) today announced a three-year network optimization service contract with MTN Nigeria, to improve the performance of the operator's multi-vendor network across its serving area.

The multi-million dollar contract is the first between the two companies, and covers the ongoing enhancement of the African operator's cellular network. It will enable MTN Nigeria to continue to deliver high quality service to its growing number of subscribers and satisfy their increasing demands for new value-added services.

Motorola's optimization services utilize market-leading analytical tools and actual end-user subscriber data, providing an innovative and proven alternative to traditional optimization methods. The services help to improve performance in a single or multi-vendor environment, while ensuring that the network operates at peak performance.

"With the competitive telecommunications landscape in Nigeria, those operators which deliver the best customer experience most consistently will flourish. MTN is demonstrating its commitment to quality by selecting Motorola's proven network optimization solution to ensure that our infrastructure remains current to meet evolving business and customer demand. We trust that Motorola's innovative technology and experienced resources and its clear operational processes will enable us to continue providing high quality services to our subscribers cost-effectively while staying current with global telecoms technology," said Olasoji Obanewa, senior manager, RF planning & optimization, MTN Nigeria.

By using innovative and market leading processes and tools to address such tasks as frequency planning, hardware optimization, traffic and layer management, coverage design and capacity planning, optimization services enable service providers to offer enhanced quality and improved performance to their customers. Motorola's optimization services, delivered through best-in- class professionals, allow service provides to maximizing their return on investment and dedicate themselves to their core business objectives.

"Motorola is delighted to be working with MTN Nigeria and deliver its network optimization services to enable the African operator to continue delivering quality services to its customers. This contract is an endorsement of the proven value which Motorola's optimization services can bring to a network operator both in the reduction in operating costs, and in the continuity and availability of resources," said Eric Pradier, vice president services, Motorola Home & Networks Mobility EMEA.

For more information on Motorola's network optimization services please visit: http://www.motorola.com/services

About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/

MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo

Desk, photodesk@prnewswire.com

Source: Motorola

CONTACT: Media, Gemma Priscott of Motorola Home & Networks Mobility+44 7970 882994, gemma.priscott@motorola.com

Web site: http://www.motorola.com/

U.S. Population to Top One Billion Within a Lifetime

29 Apr 2008 05:01 Africa/Lagos


U.S. Population to Top One Billion Within a Lifetime

Planner Unveils Findings for First Time

LAS VEGAS, April 29 /PRNewswire/ --

A billion people will share the U.S. sometime between 2100 and 2120, in a lifetime more than tripling the current population. That prediction is according to Dr. Arthur C. Nelson who will present his findings this morning (Pacific) at the American Planning Association's (APA) 100th National Planning Conference, taking place in Las Vegas.


This is thought to be the first time a planning scholar or professional has predicted that it is even possible that the U.S. will reach the 1 billion mark. In fact, it appears that there have been no significant published discussions of the possibility. Nelson says that with increasing longevity, even some people in their early 20s now could be alive to see the billionth person arrive.


WHO: Dr. Arthur C. Nelson, FAICP, Professor in Urban Affairs and
Planning, and Co-Director of the Metropolitan Institute at Virginia
Tech. Dr. Nelson is an expert in estimating population changes and
their impact on planning and economic development.

Dr. Robert E. Lang, Associate Professor in Urban Affairs and
Planning, and Co-Director of the Metropolitan Institute at Virginia
Tech, providing an alternate view.

Jeff Soule, FAICP, APA's Director of Outreach and International
Programs, providing APA's view.

WHAT: Media Briefing via Conference Call

WHEN: Tuesday, April 29, 11 to 11:30 PM (PACIFIC TIME)

Dial In: US/Canada Dial-in #: (800) 482-8912
Conference ID: 45148279

APA Contact: Roberta Rewers 312.786.6395 or 708-302-9232

Full news release: http://planning.org/news/media/



The American Planning Association and its professional institute, the American Institute of Certified Planners, are dedicated to advancing the art, science and profession of good planning-physical, economic and social-so as to create communities that offer better choices for where and how people work and live. For more information, visit the website at www.planning.org .


Source: American Planning Association

CONTACT: Roberta Rewers of APA, +1-312-786-6395 or +1-708-302-9232


Web site: American Planning Association

Royal Dutch Shell plc: 1st Quarter 2008 Unaudited Results

29 Apr 2008 08:57 Africa/Lagos


Royal Dutch Shell plc: 1st Quarter 2008 Unaudited Results

Royal Dutch Shell's First Quarter 2008 Earnings, on a Current Cost of Supplies (CCS) Basis, Were $7.8 Billion Compared to $6.9 Billion a Year Ago. Basic CCS Earnings per Share Increased by 15% Versus the Same Quarter a Year Ago

A First Quarter 2008 Dividend has Been Announced of $0.40 per Share, an Increase of 11% Over the US Dollar Dividend for the Same Period in 2007

$1.1 Billion or 0.5% of Royal Dutch Shell Issued Ordinary Shares Were Bought Back for Cancellation During the Quarter

LONDON, April 29/PRNewswire-FirstCall/ -- Royal Dutch Shell(NYSE:RDS.A)(NYSE: RDS.B) Chief Executive Jeroen van der Veer commented:


"Good operating performance, combined with increased oil and gas prices, offset the impact of downstream conditions in the first quarter 2008. We have delivered another competitive set of earnings for Shell's shareholders. Shell has the largest capital spending programme in our industry today, to grow the company and play our part in ensuring that energy markets remain well supplied. Our strategy is on track."



Summary unaudited results
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Income attributable to shareholders 9,083 8,467 7,281 +25
Less: Estimated CCS adjustment
for Oil Products and Chemicals
(see note 2) 1,307 1,783 349
CCS earnings 7,776 6,684 6,932 +12

Basic earnings per share ($) 1.47 1.36 1.16 +27
Less: Estimated CCS adjustment
per share ($) 0.21 0.29 0.06
Basic CCS earnings per share ($) 1.26 1.07 1.10 +15

Dividend per ordinary share ($) 0.40 0.36 0.36 +11
(1) Q1 on Q1 change


Key Features of the First Quarter 2008

- First quarter 2008 CCS earnings were $7,776 million or 12% higher than
in the same quarter a year ago.

- First quarter 2008 reported income was $9,083 million or 25% higher
than in the same quarter a year ago.

- Basic CCS earnings per share increased by 15% versus the same quarter
a year ago.

- Total cash returned to shareholders in the form of dividends and share
repurchases in the first quarter 2008 was $3.4 billion.

- Cash flow from operating activities was $16.9 billion compared to $11.2
billion in the first quarter 2007. Excluding net working capital
movements, cash flow from operating activities was $14.1 billion compared
to $11.6 billion a year ago.

- Capital investment for the first quarter 2008 was $8.1 billion. Net
capital investment (capital investment, less divestment proceeds) for the
first quarter 2008 was $7.6 billion.

- Return on average capital employed (ROACE), on a reported income basis
(see note 3), was 24.5%.

- Gearing (see note 5) was 12.7% at the end of the first quarter 2008
versus 14.6% at the end of the first quarter 2007.

- Oil and gas production, including oil sands production, for the first
quarter 2008 was 3,522 thousand barrels of oil equivalent per day
(boe/d), compared to 3,509 thousand boe/d in the same quarter last year.
Excluding the impact of divestments, Canadian royalty changes and
production sharing contracts (PSC) pricing effects, first quarter 2008
production increased by 1% compared to the same quarter last year.

- Liquefied Natural Gas (LNG) equity sales volumes of 3.51 million tonnes
were a record and 6% higher than in the same quarter a year ago.

- Oil Products refinery availability increased to 92% compared to 85% in
the first quarter of 2007. Chemicals manufacturing plant availability was
95% compared to 91% in the first quarter 2007. Oil Sands upgrader
availability was 94%, compared to 93% in the same quarter last year.

- Oil Products sales volumes in the first quarter 2008 increased by 7%
compared to the same quarter last year. Chemical product sales volumes
decreased by 2% compared to the first quarter 2007.





Summary unaudited results
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Exploration & Production(2) 5,143 4,867 3,393
Gas & Power 948 631 803
Oil Sands(2) 249 82 115
Oil Products (CCS basis) 1,194 876 1,488
Chemicals (CCS basis) 201 348 480
Corporate 146 (4) 801
Minority interest (105) (116) (148)

CCS earnings 7,776 6,684 6,932 +12
(1) Q1 on Q1 change

(2) As from the fourth quarter 2007, the earnings of
the Oil Sands operations, which were previously
reported as part of the Exploration & Production
segment, are disclosed as a separate business
segment. For comparison purposes, the Exploration &
Production earnings up to the third quarter 2007
have been reclassified by the amounts reported
under the Oil Sands segment.




Summary of Identified Items


Earnings in the first quarter 2008 reflected the following items, which in aggregate amounted to a net charge of $77 million (compared to a net gain of $371 million in the first quarter 2007), as summarised in the table below:


- Exploration & Production earnings included a net charge of $66 million, reflecting a gain from divestments of $84 million, which was offset by a charge of $150 million related to the mark-to-market valuation of certain UK gas contracts. Earnings for the first quarter 2007 included a net gain of $104 million reflecting both a gain from divestments of $126 million and a charge of $22 million related to the mark-to-market valuation of certain UK gas contracts.


- Gas & Power earnings included a charge of $11 million related to the mark-to-market valuation impact of certain gas contracts. Earnings for the first quarter 2007 included a net gain of $39 million, reflecting gains of $110 million related to divestments and a charge of $71 million related to the mark-to-market valuation of certain gas contracts.


- Oil Products earnings for the first quarter 2007 included a charge of $176 million related to impairment of certain assets.


- Corporate earnings for the first quarter 2007 included a gain of $404 million related to the realisation of gains on the sale of the equity portfolio held by Shell insurance companies.



Summary Of Identified Items
$ million Quarters
Q1 2008 Q4 2007 Q1 2007
Segment earnings impact of
identified items:
Exploration & Production (66) 715 104
Gas & Power (11) (7) 39
Oil Sands - 94 -
Oil Products (CCS basis) - 177 (176)
Chemicals (CCS basis) - (46) -
Corporate - 30 404
Minority interest - - -
CCS earnings impact (77) 963 371




These items generally relate to events with an impact of greater than $50 million on Shell earnings and are shown to provide additional insight into the segment earnings, CCS earnings and income attributable to shareholders. Further additional comments on the business segments are provided in the section 'Earnings by business segment' on page 4 and onwards.



Earnings by Business Segment


Exploration & Production
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(2)

Segment earnings (3) 5,143 4,867 3,393 +52

Crude oil production (thousand b/d) (1) 1,756 1,798 1,865 -6
Natural gas production available
for sale (million scf/d) 9,755 9,185 8,981 +9
Barrels of oil equivalent (thousand
boe/d) (1) 3,438 3,381 3,413 +1

(1) Excludes oil sands bitumen production

(2) Q1 on Q1 change

(3) As from the fourth quarter 2007, the earnings of the Oil
Sands operations, which were previously reported as part of
the Exploration & Production segment, are disclosed as a
separate business segment. For comparison purposes, the
Exploration & Production earnings up to the third quarter
2007 have been reclassified by the amounts reported under
the Oil Sands segment.




First quarter Exploration & Production segment earnings were $5,143 million compared to $3,393 million a year ago. Earnings included a net charge of $66 million related to identified items, compared to a net gain of $104 million in the first quarter 2007 (see page 3 for details).


Earnings, when compared to the first quarter 2007, reflected higher gas production volumes and the benefit of higher oil and gas prices on revenues, which were partly offset by lower oil production volumes mainly in the USA and Europe and by higher exploration expenses.


Global liquids realisations were 66% higher than in the first quarter 2007, following marker crudes Brent and WTI increases of 67% and 69% respectively. Global gas realisations were 25% higher than a year ago. Outside the USA gas realisations increased by 24% whereas in the USA gas realisations increased by 32%.


First quarter 2008 production (excluding oil sands bitumen production) was 3,438 thousand barrels of oil equivalent per day (boe/d) compared to 3,413 thousand boe/d a year ago. Crude oil production was down 6% and natural gas production was up 9% compared to the first quarter 2007.


Production compared to the first quarter 2007 included additional volumes principally from Ormen Lange (Shell share 17%) in Norway, West Salym (Shell share 50%) in Russia, Changbei (Shell share 50%) in China, Deimos (Shell share 71.5%) in the USA, Stybarrow (indirect Shell share 17.1%) in Australia, Chipmunk, Cliffdale and Orion (Shell share 100%) in Canada and Starling (Shell share 28%) in the United Kingdom.


First quarter portfolio developments


In Australia, Shell reached an agreement with Woodside for the sale of various interests in North West Shelf assets, with current production of approximately 8 thousand boe/d, for some $0.3 billion.


In the USA, Shell was awarded 141 blocks and was the apparent high bidder on another 134 blocks, with high bids totalling $2.1 billion, offshore Alaska in the Chukchi Sea.


In Kazakhstan, the international members of the Kashagan consortium agreed to sell their participating interests proportionally, allowing KazMunaiGas's stake to increase to match that of the four major shareholders. Assuming conclusion of the deal, Shell's interest will change from 18.5% to 16.8%.


In Nigeria, Shell reached an agreement, amounting to some $0.6 billion, for the sale of offshore deepwater blocks OML 134 and OML 125, with current production of approximately 7 thousand boe/d.



Gas & Power
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Segment earnings 948 631 803 +18

Equity LNG sales volume
(million tonnes) 3.51 3.34 3.30 +6

(1) Q1 on Q1 change




First quarter Gas & Power segment earnings were $948 million compared to $803 million a year ago. First quarter 2008 earnings included a charge of $11 million related to an identified item, compared to a net gain of $39 million in the first quarter 2007 (see page 3 for details).


Earnings, when compared to the first quarter 2007, reflected strong LNG and gas to liquids (GTL) product prices, increased LNG volumes, higher income from LNG cargo diversion opportunities and continued strong operational performance.


LNG equity sales volumes of 3.51 million tonnes were 6% higher than in the same quarter a year ago. Sales were higher in all five operating LNG ventures, with the largest increase coming from Nigeria LNG (Shell interest 26%).


Marketing and trading earnings, non-LNG related, were similar to the same quarter a year ago.


First quarter portfolio developments


In China, during the first quarter, binding sales and purchase agreements were progressed with Qatargas 4 and PetroChina, leading to the long-term supply of LNG from Qatar to China, totalling 3 million tonnes per annum over 25 years. Agreements were signed on April 10, 2008.



Oil Sands
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Segment earnings 249 82 115 +117

Bitumen production (thousand b/d) 84 55 96 -13

Sales volumes (thousand b/d) 144 97 142 +1

Upgrader availability (%) 94 79 93

(1) Q1 on Q1 change




First quarter Oil Sands segment earnings were $249 million compared to $115 million in the same quarter last year.


Earnings, when compared to the first quarter 2007, reflected the impact of higher oil prices on revenues and a refund of royalty charges, which were partly offset by lower production volumes and higher costs.


The royalty calculation methodology applicable to the Athabasca Oil Sands Project (AOSP) was revised during the quarter, allowing the inclusion of additional eligible costs to the project. Due to this revision the project cost payout timeframe for royalty calculation purposes was extended beyond July 2007 when payout of the project was initially achieved. The royalty rate for the project was revised back to 1% (from 25% since July 2007) until achievement of the project cost payout. As a consequence, the adjustment related to prior quarters' bitumen production had an impact of 12 thousand barrels per day on the first quarter 2008.


Bitumen production decreased by 13% compared to the same quarter last year. Excluding the effect of the royalty revision, net production decreased by 25% due to operational issues at the mine related to extreme cold weather conditions and unplanned maintenance at the Scotford Upgrader. Upgrader availability increased to 94% compared to 93% in the first quarter 2007.



Oil Products
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Segment earnings 2,367 2,556 1,802
Less: Estimated CCS adjustment
(see note 2) 1,173 1,680 314
Segment CCS earnings 1,194 876 1,488 -20

Refinery intake (thousand b/d) 3,694 3,812 3,608 +2

Total Oil Products sales
(thousand b/d) 6,831 6,842 6,406 +7

Refinery availability (%) 92 94 85
(1) Q1 on Q1 change




First quarter Oil Products segment earnings were $2,367 million compared to $1,802 million for the same period last year.


First quarter Oil Products CCS segment earnings were $1,194 million compared to $1,488 million in the first quarter 2007. Earnings for the first quarter 2007 included a charge of $176 million related to identified items (see page 3 for details).


CCS earnings, when compared to the first quarter 2007, were mainly impacted by lower realised refining margins and higher operating costs, which were partly offset by higher marketing margins. In addition, trading contributions increased compared to those in the first quarter 2007.


Industry refining margins declined worldwide compared to the same period a year ago. Refinery availability increased to 92% compared to 85% in the first quarter of 2007 mainly due to lower planned maintenance activities.


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


Oil Products (marketing and trading) sales volumes increased by 7% compared to the same quarter last year. Marketing sales volumes were 1% higher than in the first quarter 2007 and excluding the impact of divestments 2% higher mainly because of increased aviation and retail sales.


First quarter portfolio developments


In France, on March 31, 2008, Shell concluded the sale of the Petit Couronne and Reichstett Vendenheim refineries, with a combined capacity of some 220 thousand barrels per day.


Also in France, on April 1, 2008, Shell concluded the sale of the Berre-l'Etang refining and petrochemical complex, with a refining capacity of 80 thousand barrels per day.


The combined cash proceeds expected from the above-mentioned sales amount to approximately $1.8 billion, which will be received after the end of the first quarter 2008.



Chemicals
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Segment earnings 348 501 527
Less: Estimated CCS adjustment
(see note 2) 147 153 47
Segment CCS earnings 201 348 480 -58

Sales volumes (thousand tonnes) 5,459 5,633 5,567 -2

Manufacturing plant availability (%) 95 93 91

(1) Q1 on Q1 change




First quarter Chemicals segment earnings were $348 million compared to $527 million for the same period last year.


First quarter Chemicals CCS segment earnings were $201 million compared to $480 million in the same quarter last year.


CCS earnings, when compared to the first quarter 2007, reflected lower margins, higher operating costs and lower income from equity-accounted investments. In addition, earnings were impacted by reduced trading contributions.


Chemicals manufacturing plant availability increased to 95%, some 4 percent-points higher than in the first quarter 2007.



Corporate
$ million Quarters
Q1 2008 Q4 2007 Q1 2007

Segment earnings 146 (4) 801




First quarter Corporate segment earnings were $146 million compared to $801 million for the same period last year. Earnings for the first quarter 2007 included a gain of $404 million related to an identified item (see page 3 for details).


Earnings, when compared to the first quarter 2007, reflected lower interest income and currency exchange rate results, reduced tax credits and higher shareholder costs.



Price and Margin Information
Oil & Gas
Quarters
Q1 2008 Q4 2007 Q1 2007
Realised oil prices - Exploration &
Production(1) (period average) $/bbl
WOUSA 90.40 82.11 55.27
USA 92.55 88.92 51.91
Global 90.72 82.96 54.73

Realised oil prices - Oil Sands $/bbl
(period average)

Canada 85.08 71.45 51.02

Realised gas prices (period average) $/thousand scf
Europe 9.00 8.15 7.84
WOUSA (including Europe) 5.85 5.64 4.71
USA 9.52 7.45 7.20
Global 6.52 6.00 5.21

Oil and gas marker industry prices (period
average)
Brent ($/bbl) 96.66 88.35 57.76
WTI ($/bbl) 97.86 90.47 58.05
Edmonton Par ($/bbl) 97.91 89.00 57.84
Henry Hub ($/MMBtu) 8.55 6.93 7.15
UK National Balancing Point (pence/therm) 53.05 46.86 22.31
Japanese Crude Cocktail - JCC ($/bbl)(2) 91.15 82.80 57.56

Refining & Cracker Industry Margins(3)
Quarters
Q1 2008 Q4 2007 Q1 2007
Refining marker industry gross margins
(period average) $/bbl
ANS US West Coast coking margin 8.75 10.60 22.16
WTS US Gulf Coast coking margin 8.70 9.65 12.87
Rotterdam Brent complex 3.55 4.35 3.70
Singapore 80/20 Arab light/Tapis complex 1.80 1.95 3.06
Cracker industry margins (period average) $/tonne
US Ethane 261.00 334.00 332.00
Western Europe naphtha 411.00 279.00 525.00
North East Asia naphtha 117.00 14.00 518.00

(1) As from the fourth quarter 2007, the Oil Sands operations,
which were previously reported as part of the Exploration &
Production segment, are disclosed as a separate business segment.
For comparison purposes, the Exploration & Production realised
oil prices up to the third quarter 2007 have been reclassified.

(2) JCC prices for the first quarter are based on available market
data up to the end of January 2008. Prices for this period will
be updated when full market data is available.

(3) The refining and cracker industry margins shown above do not
represent actual Shell realised margins for the periods. These
are estimated industry margins based on available market
information at the end of the quarter.





Oil & Gas - Operational Data
Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)
Crude oil production thousand b/d
Europe 416 395 447
Africa 322 352 339
Asia Pacific 208 227 231
Middle East, Russia, CIS 428 438 422
USA 301 310 343
Other Western Hemisphere 81 76 83
Total crude oil production excluding
oil sands 1,756 1,798 1,865 -6
Bitumen production - oil sands 84 55 96
Total crude oil production including
oil sands 1,840 1,853 1,961 -6

Natural gas production available for
sale million scf/d(2)

Europe 4,894 4,569 4,110
Africa 619 594 519
Asia Pacific 2,438 2,166 2,455
Middle East, Russia, CIS 232 239 260
USA 1,105 1,138 1,162
Other Western Hemisphere 467 479 475
9,755 9,185 8,981 +9

Total production in barrels of oil
equivalent thousand boe/d(3)

Europe 1,260 1,183 1,156
Africa 429 454 428
Asia Pacific 628 600 654
Middle East, Russia, CIS 468 479 467
USA 492 506 543
Other Western Hemisphere 161 159 165
Total production excluding oil sands 3,438 3,381 3,413 +1
Bitumen production - oil sands 84 55 96
Total production including oil sands 3,522 3,436 3,509 0

(1) Q1 on Q1 change

(2) scf/d = standard cubic feet per day; 1 standard cubic foot =
0.0283 cubic metre

(3) Natural gas converted to oil equivalent at 5.8 million scf/d =
thousand boe/d





Oil Products and Chemicals - Operational Data
Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)
Refinery processing intake thousand b/d
Europe 1,741 1,803 1,590
Other Eastern Hemisphere 756 821 759
USA 845 869 893
Other Western Hemisphere 352 319 366
3,694 3,812 3,608 +2

Oil sales
Gasolines 2,083 2,051 2,263
Kerosenes 814 802 720
Gas/diesel oils 2,337 2,429 2,114
Fuel oil 839 769 679
Other products 758 791 630

Total oil products * 6,831 6,842 6,406 +7

*Comprising:
Europe 1,959 1,983 1,832
Other Eastern Hemisphere 1,245 1,369 1,245
USA 1,396 1,485 1,401
Other Western Hemisphere 755 678 653
Export sales 1,476 1,327 1,275

Chemical sales volumes by main product
category (2)** thousand tonnes
Base chemicals 3,119 3,164 3,280
First-line derivatives 2,338 2,467 2,282
Other 2 2 5
5,459 5,633 5,567 -2

**Comprising:
Europe 2,289 2,190 2,273
Other Eastern Hemisphere 1,228 1,457 1,253
USA 1,784 1,802 1,871
Other Western Hemisphere 158 184 170

(1) Q1 on Q1 change

(2) Excluding volumes sold by equity-accounted investments,
chemical feedstock trading and by-products.




Note


All amounts shown throughout this Report are unaudited.


Second quarter results are expected to be announced on July 31, 2008 and third quarter results are expected to be announced on October 30, 2008.


In this document "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this document refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this document, associates and jointly controlled entities are also referred to as "equity-accounted investments".


This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "objectives", "outlook", "probably", "project", "will", "seek", "target", "risks", "goals", "should" and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this document, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this document, April 29, 2008. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.


Please refer to the Annual Report and Form 20-F for the year ended December 31, 2007 for a description of certain important factors, risks and uncertainties that may affect Shell's businesses.


Cautionary Note to US Investors:


The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms in this announcement that the SEC's guidelines strictly prohibit us from including in filings with the SEC. US Investors are urged to consider closely the disclosure in our Form 20-F, File No 001-32575 and disclosure in our Forms 6-K, File No 001-32575, available on the SEC's website http:..www.sec.gov. You can also obtain these forms from the SEC by calling +1-800-SEC-0330.


April 29, 2008



Appendix: Royal Dutch Shell Financial Report and Tables


Summarised Statement of Income (see note 1)
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)
Revenue(2) 114,302 106,703 73,480
Cost of sales 96,780 90,603 60,666
Gross profit 17,522 16,100 12,814 +37

Selling, distribution and
administrative expenses 3,969 4,880 3,778
Exploration 325 382 272
Share of profit of
equity-accounted investments 2,425 2,376 1,808
Net finance costs and other
(income)/expense (53) (174) (901)
Income before taxation 15,706 13,388 11,473 +37

Taxation 6,505 4,755 4,032
Income for the period 9,201 8,633 7,441 +24

Income attributable to minority
interest 118 166 160
Income attributable to
shareholders 9,083 8,467 7,281 +25

(1) Q1 on Q1 change

(2) Revenue is stated after deducting sales taxes, excise
duties and similar levies of $22,920 million in Q1 2008,
$21,552 million in Q4 2007, and $17,305 million in Q1
2007.





Basic earnings per share (See Notes 1, 2 and 7)
Quarters
Q1 2008 Q4 2007 Q1 2007
Earnings per share ($) 1.47 1.36 1.16
CCS earnings per share ($) 1.26 1.07 1.10





Diluted Earnings per Share (See Notes 1, 2 and 7)
Quarters
Q1 2008 Q4 2007 Q1 2007
Earnings per share ($) 1.46 1.36 1.15
CCS earnings per share ($) 1.25 1.07 1.10





Earnings by Business Segment (see notes 2 and 4)
$ million Quarters
Q1 2008 Q4 2007 Q1 2007 %(1)

Exploration & Production(2):
- World outside USA 3,540 3,763 2,541 +39
- USA 1,603 1,104 852 +88
5,143 4,867 3,393 +52

Gas & Power:
- World outside USA 933 639 682 +37
- USA 15 (8) 121 -88
948 631 803 +18

Oil Sands(2): 249 82 115 +117

Oil Products (CCS basis):
- World outside USA 978 789 1,158 -16
- USA 216 87 330 -35
1,194 876 1,488 -20

Chemicals (CCS basis):
- World outside USA 304 370 469 -35
- USA (103) (22) 11
201 348 480 -58

Total operating segments 7,735 6,804 6,279 +23

Corporate:
- Interest and investment
income/(expense) 110 12 583
- Currency exchange gains/(losses) (62) 82 46
- Other - including taxation 98 (98) 172
146 (4) 801

Minority interest (105) (116) (148)
CCS earnings 7,776 6,684 6,932 +12

Estimated CCS adjustment for Oil
Products and Chemicals 1,307 1,783 349
Income attributable to shareholders 9,083 8,467 7,281 +25
of Royal Dutch Shell plc

(1) Q1 on Q1 change

(2) As from the fourth quarter 2007, the earnings of the Oil
Sands operations, which were previously reported as part of
the Exploration & Production segment, are disclosed as a
separate business segment. For comparison purposes, the
Exploration & Production earnings up to the third quarter 2007
have been reclassified by the amounts reported under the Oil
Sands segment.





Summarised Balance Sheet (see notes 1 and 6)
$ million
Mar 31, 2008 Dec 31, 2007 Mar 31, 2007

Assets
Non-current assets:
Intangible assets 5,282 5,366 5,117
Property, plant and equipment 105,806 101,521 103,624
Investments:
- equity-accounted investments 31,198 29,153 22,001
- financial assets 3,333 3,461 3,538
Deferred tax 3,409 3,253 3,135
Pre-paid pension costs 5,878 5,559 4,289
Other 6,406 5,760 5,285
161,312 154,073 146,989

Current assets:
Inventories 32,184 31,503 23,960
Accounts receivable 87,507 74,238 58,998
Cash and cash equivalents 14,417 9,656 11,184
134,108 115,397 94,142

Total assets 295,420 269,470 241,131

Liabilities
Non-current liabilities:
Debt 11,378 12,363 11,978
Deferred tax 13,473 13,039 13,114
Retirement benefit obligations 6,304 6,165 6,219
Other provisions 14,016 13,658 10,514
Other 4,189 3,893 4,154
49,360 49,118 45,979

Current liabilities:
Debt 5,684 5,736 5,393
Accounts payable and accrued 89,531 75,697 64,156
liabilities
Taxes payable 14,412 9,733 9,835
Retirement benefit obligations 455 426 326
Other provisions 2,815 2,792 1,932
112,897 94,384 81,642

Total liabilities 162,257 143,502 127,621

Equity attributable to shareholders 131,130 123,960 105,105
of Royal Dutch Shell plc

Minority interest 2,033 2,008 8,405
Total equity 133,163 125,968 113,510

Total liabilities and equity 295,420 269,470 241,131





Summarised Statement of Cash Flows (see note 1)
$ million Quarters
Q1 2008 Q4 2007 Q1 2007

Cash flow from operating activities:
Income for the period 9,201 8,633 7,441
Adjustment for:
- Current taxation 6,405 5,551 4,267
- Interest (income)/expense 178 96 198
- Depreciation, depletion and
amortisation 3,146 3,840 3,260
- (Profit)/loss on sale of assets (281) (1,799) (362)
- Decrease/(increase) in net working
capital 2,784 (3,375) (399)
- Share of profit of equity-accounted
investments (2,425) (2,376) (1,808)
- Dividends received from
equity-accounted investments 1,752 2,282 1,587
- Deferred taxation and other provisions 322 (726) (152)
- Other 94 (24) (447)
Cash flow from operating activities
(pre-tax) 21,176 12,102 13,585

Taxation paid (4,314) (6,809) (2,404)

Cash flow from operating activities 16,862 5,293 11,181

Cash flow from investing activities:
Capital expenditure (7,429) (8,013) (5,361)
Investments in equity-accounted
investments (616) (519) (370)
Proceeds from sale of assets 445 1,742 380
Proceeds from sale of equity-accounted
investments 61 561 115
Proceeds from sale of /(additions to)
financial assets 10 (120) 555
Interest received 285 353 285
Cash flow from investing activities (7,244) (5,996) (4,396)

Cash flow from financing activities:
Net increase/(decrease) in debt with
maturity period within three months (863) 317 341
Other debt: New borrowings 185 195 2,762
Repayments (664) (182) (1,613)
Interest paid (298) (312) (351)
Change in minority interest (7) (52) (3,110)
Net issue/(repurchase) of shares (1,073) (1,538) (486)
Dividends paid to:
- Shareholders of Royal Dutch Shell plc (2,329) (2,318) (2,100)
- Minority interest (51) (17) (42)
Treasury shares:
- Net sales/(purchases) and dividends
received 200 124 (16)
Cash flow from financing activities (4,900) (3,783) (4,615)

Currency translation differences
relating to cash and cash equivalents 43 50 12
Increase/(decrease) in cash and cash
equivalents 4,761 (4,436) 2,182

Cash and cash equivalents at beginning
of period 9,656 14,092 9,002

Cash and cash equivalents at end of
period 14,417 9,656 11,184





Capital Investment
$ million Quarters
Q1 2008 Q4 2007 Q1 2007
Capital expenditure:
Exploration & Production(1):
- World outside USA 2,202 2,704 2,872
- USA 2,530 1,321 587
4,732 4,025 3,459

Gas & Power:
- World outside USA 823 862 657
- USA 1 11 1
824 873 658

Oil Sands1 711 649 368

Oil Products:
- World outside USA 456 1,257 474
- USA 61 123 195
517 1,380 669

Chemicals:
- World outside USA 374 419 153
- USA 34 103 83
408 522 236

Corporate 37 193 45

Total capital expenditure 7,229 7,642 5,435

Exploration expense
- World outside USA 135 193 127
- USA 80 170 42
215 363 169

New equity in equity-accounted
investments
- World outside USA 365 237 247
- USA 5 40 17
370 277 264

New loans to equity-accounted 246 242 106
investments

Total capital investment* 8,060 8,524 5,974

*Comprising:
- Exploration & Production1 5,439 4,630 3,892
- Gas & Power 925 1,091 732
- Oil Sands1 711 649 368
- Oil Products 536 1,438 699
- Chemicals 412 523 238
- Corporate 37 193 45
8,060 8,524 5,974

(1) As from the fourth quarter 2007, the results of the Oil
Sands operations, which were previously reported as part of
the Exploration & Production segment, are disclosed as a
separate business segment. For comparison purposes, the
Exploration & Production results up to the third quarter 2007
have been reclassified by the amounts reported under the Oil
Sands segment.





Additional Segmental Information(1)
$ million Quarters
Q1 2008 Q4 2007 Q1 2007
Exploration & Production(3)
Segment earnings 5,143 4,867 3,393
Including:
- Exploration 325 382 272
- Depreciation, depletion & amortisation 2,165 2,848 2,288
- Share of profit of equity-accounted
investments 1,212 1,278 913

Cash flow from operations 10,329 5,135 6,110
Less: Net working capital movements(2) 923 829 (1,086)
Cash flow from operations excluding net 9,406 4,306 7,196
working capital movements

Capital employed 47,927 47,682 52,088

Gas & Power
Segment earnings 948 631 803
Including:
- Depreciation, depletion & amortisation 81 85 74
- Share of profit of equity-accounted 584 533 420
investments

Cash flow from operations 1,917 295 587
Less: Net working capital movements(2) 902 (379) (169)
Cash flow from operations excluding net 1,015 674 756
working capital movements

Capital employed 19,305 19,383 18,453

Oil Sands(3)
Segment earnings 249 82 115
Including:
- Depreciation, depletion & amortisation 44 42 39

Cash flow from operations 298 208 486
Less: Net working capital movements(2) (102) 145 411
Cash flow from operations excluding net 400 63 75
working capital movements

Capital employed 5,292 4,603 3,175

(1) Corporate segment information has not been included in the
above table. Please refer to the 'Earnings by business segment'
section for additional information. The above data does not
consider Minority interest impacts on the segments.

(2) Excluding working capital movements related to taxation.

(3) As from the fourth quarter 2007, the results of the Oil Sands
operations, which were previously reported as part of the
Exploration & Production segment, are disclosed as a separate
business segment. For comparison purposes, the Exploration &
Production results up to the third quarter 2007 have been
reclassified by the amounts reported under the Oil Sands
segment.





Additional Segmental Information(1) (continued)
$ million Quarters
Q1 2008 Q4 2007 Q1 2007
Oil Products
Segment CCS earnings 1,194 876 1,488
Including:
- Depreciation, depletion & amortisation 608 607 656
- Share of profit of equity-accounted 267 328 280
investments

Cash flow from operations 2,362 (1,605) 2,123
Less: Net working capital movements(2) (435) (3,929) (319)
Cash flow from operations excluding net 2,797 2,324 2,442
working capital movements

Capital employed 55,768 54,515 43,716

Chemicals
Segment CCS earnings 201 348 480
Including:
- Depreciation, depletion & amortisation 162 207 155
- Share of profit of equity-accounted 158 165 188
investments

Cash flow from operations 386 688 116
Less: Net working capital movements(2) (9) (123) (514)
Cash flow from operations excluding net 395 811 630
working capital movements

Capital employed 11,233 10,571 9,187

(1) Corporate segment information has not been included in the
above table. Please refer to the 'Earnings by business segment'
section for additional information. The above data does not
consider Minority interest impacts on the segments.

(2) Excluding working capital movements related to taxation.




Notes


1. Accounting policies and basis of presentation


The quarterly financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and are also in accordance with IFRS as adopted by the European Union.


The Oil Sands operations, which were previously reported within the Exploration & Production segment, are reported as a separate segment with effect from the fourth quarter 2007. Prior period financial statements have been reclassified accordingly.


The accounting policies are unchanged from those set out in Note 2 to the Consolidated Financial Statements of Royal Dutch Shell plc in the Annual Report and Form 20-F for the year ended December 31, 2007 on pages 117 to 121.


2. Earnings on an estimated current cost of supplies (CCS) basis


To facilitate a better understanding of underlying business performance, the financial results are also analysed on an estimated current cost of supplies (CCS) basis as applied for the Oil Products and Chemicals segment earnings. Earnings on an estimated current cost of supplies basis provides useful information concerning the effect of changes in the cost of supplies on Royal Dutch Shell's results of operations and is a measure to manage the performance of the Oil Products and Chemicals segments but is not a measure of financial performance under IFRS.


On this basis, Oil Products and Chemicals segment cost of sales of the volumes sold during the period are based on the cost of supplies during the same period after making allowance for the estimated tax effect, instead of the first-in, first-out (FIFO) method of inventory accounting. Earnings calculated on this basis do not represent an application of the last-in, first-out (LIFO) inventory basis and do not reflect any inventory drawdown effects.


3. Return on average capital employed (ROACE)


ROACE is defined as the sum of the current and previous three quarters' income adjusted for interest expense, after tax, as a percentage of the average capital employed for the period.


Components of the calculation are:



$ million Q1 2008 Q1 2007
Income (four quarters) 33,686 26,736
Interest expense after tax 726 664
ROACE numerator 34,412 27,400

Capital employed - opening 130,881 115,503
Capital employed - closing 150,225 130,881
Capital employed - average 140,553 123,192

ROACE 24.5% 22.2%




ROACE in previous quarters has been shown on a Shell share basis. As a consequence of the significant reduction of minority interest during 2007, ROACE calculations are now presented on a 100%-basis. Prior period ROACE calculations have been adjusted for comparison purposes.


4. Earnings by business segment


Operating segment results are presented before deduction of minority interest and also exclude interest and other income of a non-operational nature, interest expense, non-trading currency exchange effects and tax on these items, which are included in the Corporate results. Operating segment results are after tax and include equity-accounted investments.


5. Gearing


The numerator and denominator in the gearing calculation, as demonstrated below, used by Shell are calculated by adding to reported debt and equity certain off-balance sheet obligations as at the beginning of the year such as operating lease commitments and unfunded retirement benefits (if applicable) which Shell believes to be in the nature of incremental debt, and deducting cash and cash equivalents judged to be in excess of amounts required for operational purposes.



$ million Mar 31, 2008 Mar 31, 2007
Non-current debt 11,378 11,978
Current debt 5,684 5,393
Total debt 17,062 17,371

Add: Net present value of operating
lease obligations 14,387 11,319
Unfunded retirement benefit obligations (after - -
tax)
Less: Cash and cash equivalents in excess of
operational requirements 12,117 9,284
Adjusted debt 19,332 19,406

Total equity 133,163 113,510

Total capital 152,495 132,916

Gearing ratio (adjusted debt as a percentage of
total capital) 12.7% 14.6%




6. Equity


Total equity comprises equity attributable to shareholders of Royal Dutch Shell and to the minority interest. Other reserves comprise the capital redemption reserve, share premium reserve, merger reserve, share-based compensation reserve, cumulative currency translation differences, unrealised gains/(losses) on securities and unrealised gains/(losses) on cash flow hedges.



$ million Ordinary Treasury Other Retained Total Minority Total
share shares reserves earnings interest equity
capital

At December
31,2007 536 (2,392) 14,148 111,668 123,960 2,008 125,968
Income for the
period - - - 9,083 9,083 118 9,201
Income/(expense)
recognised
directly in
equity - - 1,656 - 1,656 (35) 1,621
Capital
contributions/
(repayments)
from/to minority
shareholders - - - - - (7) (7)
Dividends paid - - - (2,329) (2,329) (51) (2,380)
Treasury shares:
net
sales/(purchases)
and dividends
received - 200 - - 200 - 200
Shares
repurchased for
cancellation (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





$ million Ordinary Treasury Other Retained Total Minority Total
share shares reserves earnings interest equity
capital
At December
31,2006 545 (3,316) 8,820 99,677 105,726 9,219 114,945
Income for the
period - - - 7,281 7,281 160 7,441
Income/(expense)
recognised
directly in
equity - - 50 - 50 (128) (78)
Capital
contributions/
(repayments)
from/to minority
shareholders - - - - - 869 869
Acquisition of
Shell Canada - - - (5,445) (5,445) (1,656) (7,101)
Other changes in
minority interest - - - 22 22 (34) (12)
Dividends paid - - - (2,100) (2,100) (25) (2,125)
Treasury shares:
net
sales/(purchases)
and dividends
received - (16) - - (16) - (16)
Shares
repurchased for
cancellation (1) - 1 (486) (486) - (486)
Share-based
compensation - - 73 - 73 - 73
At March 31,
2007 544 (3,332) 8,944 98,949 105,105 8,405 113,510




7. Basis for Royal Dutch Shell earnings per share


The total number of Royal Dutch Shell ordinary shares in issue at the end of the period was 6,313.8 million. Royal Dutch Shell reports earnings per share on a basic and on a diluted basis, based on the weighted average number of Royal Dutch Shell (combined A and B) shares outstanding. Shares held in respect of share options and other incentive compensation plans are excluded in determining basic earnings per share.


Basic earnings per share calculations are based on the following weighted average number of shares:



millions Q1 2008 Q4 2007 Q1 2007
Royal Dutch Shell shares of EUR0.07 6,195.5 6,225.3 6,287.0




Diluted earnings per share calculations are based on the following weighted average number of shares. This adjusts the basic number of shares for all share options currently in-the-money.



millions Q1 2008 Q4 2007 Q1 2007
Royal Dutch Shell shares of EUR0.07 6,211.4 6,248.8 6,306.5

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



millions Q1 2008 Q4 2007 Q1 2007
Royal Dutch Shell shares of EUR0.07 6,187.0 6,210.4 6,282.9



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

Source: Royal Dutch Shell plc

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