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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Royal Dutch Shell Plc | NYSE:RDS.A | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 51.04 | 0 | 01:00:00 |
From May 2019 to May 2024
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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