Royal Dutch Shell PLC (RDSA, RDSB) said on Wednesday that the transformation of downstream business will drive the company to achieve profitable growth prospects. It is expected that the endogenous free cash flow of downstream business will reach 6 billion to 7 billion dollars by 2020.
The oil company also said that with oil prices at $60 per barrel, it is expected that the free cash flow of downstream businesses by 2025 will reach 9-12 billion U.S. dollars. Shell downstream businesses include the sale and processing of hydrocarbon compounds, followed by the sale of direct products.
The company also said that it is expected that the annual profits of the chemical department will reach 3.5 billion to 4 billion U.S. dollars by 2025, while the marketing department plans to increase profits by more than 2.5 billion U.S. dollars by 2025.
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