Shell’s Latest Outlook Maintains Focus on Cash Flow Growth and Returns to Shareholders
With its management day on Tuesday, narrow-moat Shell extended its outlook through 2025 from the existing plan that runs through 2020. The latest plan calls for organic free cash flow of $35 billion in 2025 from a range of $28 billion-$33 billion in 2020, with returns on capital rising to 12% from 10%, and gearing falling to 15%-25% from 25%. Cash capital expenditures should tick up to $30 million on average (including about $1 billion in acquisition spending) from $24 billion->$29 billion ex...Royal Dutch Shell is a holding company. Through its subsidiaries, Co. is engaged in the oil and gas industry. Co. reports its business through four segments: Integrated Gas, which engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products; Upstream, which engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids; Downstream, which engaged in oil products and chemicals manufacturing and marketing activities; and Corporate, which comprising Co.'s holdings and treasury organisation, its self-insurance activities and its headquarters and central functions.
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