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ExxonMobil and Shell to evaluate market interest as part of strategic study regarding Infineum JV

10 Mar 2008 

ExxonMobil Chemical, a division of ExxonMobil Corporation and Shell Chemicals Limited, an affiliate of Royal Dutch Shell plc announced today that, as part of the study to review strategic options for the Infineum additives joint venture, they have agreed to evaluate market interest and will be discussing Infineum with several potential buyers. 

This study is part of an ongoing strategic assessment of the business and opportunities for growth, restructuring, or divestment depending upon fit with overall strategic business objectives.

JP Morgan has been retained to assist with the strategic study.  No divestment decision has been made and there is no specific timetable related to the strategic study.
During the review process, the shareholders remain committed to supporting Infineum’s strategic and operational goals and its ongoing financial progress.
Enquiries

• Shell International Media Relations – Alex Wright  + 44 (0) 20 7934 3277 (London)
• ExxonMobil Chemical Media Relations Susan Kattelus + 1 (281) 6607 870 (Houston) 
 
Notes to editors
 
Shell Chemicals
Shell Chemicals manufacture and deliver petrochemical building blocks to industrial customers.  These products are widely used in plastics, coatings and detergents. For further information or to download photos please visit 

http://www.shellchemicals.com/news

Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges.  Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power.

For further information, visit http://www.shell.com

Disclaimer statement
This announcement 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 Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’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, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this presentation 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 presentation, May 4, 2006. 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.
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 use certain terms in this presentation, such as “oil in place” that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
ExxonMobil Chemical
ExxonMobil Chemical refers collectively to some or all of the companies affiliated with Exxon Mobil Corporation, and/or itself, which have chemical manufacturing and/or marketing operations around the world. ExxonMobil Chemical is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations around the world. For further information please visit www.exxonmobilchemical.com.
Infineum
Infineum is a fuels and lubes additives joint venture between ExxonMobil Chemical and Shell Chemicals.  The joint venture was established in January 1999. Additional information is available at http://www.infineum.com.

 

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