Updating germany projects for a better future
In response, Shell is pulling four levers to manage the financial framework in the down-cycle.
As a result of Shell’s portfolio development and investment, we expect to see an improvement in returns in the next few years, our debt reduced, and significant growth in free cash flow, across a range of oil prices.
We will retain the most competitive and resilient positions, through targeted investment, and substantial asset sales.Integration is gathering pace, and today we expect to deliver more synergies, and at a faster rate.” We are announcing an increase in expected deal-related synergies, from the .5 billion set out in the prospectus, to .5 billion on a pre-tax basis in 2018, an increase of some 30%.We expect to achieve and exceed the .5 billion synergies prospectus commitment earlier than expected, in 2017, when synergies should be billion.Van Beurden concluded: “Our strategy should lead to a simpler company, with fundamentally advantaged positions, and fundamentally lower capital intensity.
Today, we are setting out a transformation of Shell.” Cautionary Note The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities.
In this release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general.