Shell Forecasts Profit Drive on Downstream Transformation
March 21 2018 - 04:05AM
Dow Jones News
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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