EX-7.1 2 u07660exv7w1.htm EXHIBIT 7.1 exv7w1

       
Shell Annual Report and Form 20-F 2009
    E1
Exhibits
     

 
EXHIBIT 7.1
 
                                             
  CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES   $ MILLION, EXCEPT WHERE OTHERWISE INDICATED 
      2009       2008       2007       2006       2005      
                                             
Pre-tax income from continuing operations before income from equity investees
    16,044       43,374       42,342       37,957       37,444      
Total fixed charges
    2,397       2,689       2,380       2,258       1,958      
Distributed income from equity investees
    4,903       9,325       6,955       5,488       6,709      
Less: interest capitalised
    1,088       870       667       564       427      
Less: preference security dividend requirements of consolidated subsidiaries
                            7      
                                             
Total earnings
    22,256       54,518       51,010       45,139       45,677      
                                             
Interest expensed and capitalised
    1,630       2,051       1,775       1,713       1,494      
Interest within rental expense
    767       638       605       545       457      
Less: preference security dividend requirements of consolidated subsidiaries
                            7      
                                             
Total fixed charges
    2,397       2,689       2,380       2,258       1,958      
                                             
Ratio earnings/fixed charges
    9.28       20.27       21.43       19.99       23.33