See Royal Dutch Shell plc (RDSA) for research on Royal Dutch Shell since May 2009

April 29, 2009 (posted May 24); Royal Dutch Shell (RDS) - Lower Net Present Value to $80 a Share

January 29, 2009 (posted Mar 1); Royal Dutch Shell (RDSB) - Dividend Trend Beats Inflation

October 30, 2008 (posted Nov 30); Royal Dutch Shell (RDS) - Secure Dividend 5.6%

September 5, 2008 (posted Sep 28); Meter Reader Flash: Suspend Buy Recommendations

July 31, 2008 (posted Aug 31); Royal Dutch Shell (RDS) - Rebuilding North American Natural Gas

April 29, 2008 (posted Jun 1); Royal Dutch Shell (RDS) - Non U.S. Energy Mega Cap

January 31, 2008 (posted Mar 2); Royal Dutch Shell (RDS) - Downstream Offset

July 26, 2007 (posted Aug 19); Royal Dutch Shell - Downstream Benefit

May 3, 2007 (posted Jun 10); Royal Dutch Shell - Record Results

February 1, 2007 (posted Feb 25); Royal Dutch Shell - Buy - Reserves and Earnings Ahead

October 26, 2006 (posted Nov 19); Royal Dutch Shell - Buy - New Structure Working

July 28, 2006 (posted Aug 20); Royal Dutch Shell plc - Buy - Share Buyback Enhances Return

May 5, 2006 (posted Jun 4); Royal Dutch Shell plc - Buy - Tighter Markets and Cost Pressures

February 3, 2006 (posted Mar 5); Royal Dutch Shell - Buy - Lower NPV to $80 a Share

January 11, 2006 (posted Feb 5); Royal Dutch Shell - Buy - Likely Acquirer

October 28, 2005 (posted Dec 4); Royal Dutch Shell plc - Buy - Downstream Gains

August 2, 2005 (posted Aug 28); Royal Dutch Shell plc - Buy - Raise NPV to $84

July 14, 2005 (posted Jul 31); Shell Transport - Buy - Frontier Challenge

June 1, 2005 (posted Jul 3); Shell Transport - Buy - Nice Return for Low Risk

March 18, 2005; Shell Transport - Buy - Transformation Approaching

December 22, 2004 (posted Jan 23); Stock Idea: Shell Transport - Buy - Historic Streamlining

September 28, 2004 (posted Oct 31); Stock Idea: Shell Transport - Buy - Low Risk, Attractive Reward

July 9, 2004 (posted Oct 31); Stock Idea: Shell Transport - Cloud of Opportunity

May 26, 2004 (posted June 27); Stock Idea: Shell Transport & Trading - Buy on Healthy Shakeup