![]() Shell sees 2016 as a "transition year." Cash flow is important to reward shareholders and for capital investment purposes. The strategy set out is ambitious, but a realistic scenario. Organic negative cash flow (measured in the last twelve months) remains limited to $6 billion.The cost of new investment projects is already around $45.Growth in oil & gas demand will only grow the coming decades.The presentation presented also some other notable conclusions. The transformation process has to lead to the following results. The company's strategy "Let's make the future" will create a world-class investment case for shareholders, according to Mr. Royal Dutch Shell (RDS.A) (RDS.B) is in the process of reshaping the company to get back in the leading role it belongs. Shell's big shale bets have been a huge bust, crushing the profits and returns of its upstream operations in North America, but things will get better. Last week, Shell's CEO Ben van Beurden spoke at the Barclays CEO Energy-Power Conference in New York.
0 Comments
Leave a Reply. |