Royal Dutch Shell Plc : Reassuring feedback from Management Day – Shell revises up its capex and FCF guidance and promises excellent cash returns
>FCF and capex guidance lifted and $Â 125bn in cash returns in prospect - Shell held its Management Day in London yesterday. It confirmed that its targets for 2020 are unchanged at $ 28-33bn ($ 25-30bn pre-IFRS 16) but it has lifted its targets for 2025 slightly to $ 35bn. This revision at a constant Brent price of $Â 60/b mainly comes from a stronger contribution from integrated gas and downstream activities whilst growth in upstream remains modest and that of power re...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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