By Oliver Griffin 
 

Royal Dutch Shell PLC (RDSA.LN) said Wednesday that its transforming downstream business is driving a profitable growth outlook for the company, forecasting that organic free-cash-flow in the division will be in a range of between $6 billion and $7 billion by 2020.

The oil company also said it forecast free-cash-flow in its downstream business--which deals with the refining and processing of hydrocarbons before selling the resultant products--of between $9 billion and $12 billion by 2025, at a price of $60 a barrel.

The company said earnings from its chemicals division is expected to reach from $3.5 billion to $4 billion a year by 2025, while Shell's marketing arm plans to generate more than $2.5 billion in additional earnings by the same year.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

March 21, 2018 03:50 ET (07:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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