Cash engines need to deliver strong and stable returns and strong and stable free cashflow that can cover the dividend and share buybacks throughout macroeconomic cycles and leave us with enough cash to fund our future. Conventional oil and gas In our conventional oil and gas business, we only [...]
[...] on a current cost of supplies basis CFFO cashflow from operating activities CO2 carbon dioxide EOR enhanced oil recovery FCF Free cashflow FEED front end engineering design FID final investment decision FLNG floating liquefied natural gas FPSO floating production, storage and offloading FSRU [...]
The conventional oil and gas business is a cash engine for Shell. It plays a key role in improving and sustaining oil and gas production. By producing safely and reliably, this business provides cash to fund the development of new opportunities for Shell. The portfolio contains assets that produce [...]
The BG combination was designed to accelerate Shell’s growth strategy in deep water and LNG, enhance our free cashflow, and create a platform from which we can reshape Shell. It is about transforming Shell into a world-class investment case to create value for shareholders. Strategic fit The [...]
Oil products Cash engine Chemicals Growth priority Milestones in 2016 Downstream achieved the second-highest earnings since 2008. Notably, our results featured a strong performance from our Marketing business, benefiting from growth in premium branded products which helped generate higher unit [...]
Policy Our policy is to grow the US dollar dividend through time in line with our view of Shell’s underlying earnings and cashflow. When setting the dividend, the Board of Directors looks at a range of factors, including the macroeconomic environment, the current balance sheet and future [...]
[...] the world to deliver sustained and growing cash returns. In 2016, Shell integrated all gas and energy marketing and trading capabilities under Trading & Supply, creating Gas and Energy Marketing and Trading. This is the market interface for our Integrated Gas business, managing the flow of gas [...]
Growth priorities have a clear pathway towards delivering strong returns and free cashflow in the medium term. Deep water In deep water, we have leading positions in the Gulf of Mexico, Brazil, Nigeria and Malaysia. Our deep-water operations have significant growth potential from our large [...]
Future opportunities should provide us with material growth in free cashflow in the next decade or beyond when the energy transition opens up new areas of value for us. Shales We have a substantial position in shales in North America and Argentina. These are in production today, with substantial [...]