6/4/2019, 9:28 AM (Source: TeleTrader)
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Shell: Five-year returns through 2025 set at $125B

Royal Dutch Shell Plc informed investors it plans to deliver free cash flow of $28 billion to $33 billion by the end of 2020, while that it should climb to $35 billion per year by 2025 with the price of Brent oil at $60 per barrel. The update released on Tuesday adds the projection allows for dividends or stock repurchases of at least $125 billion in the next five-year period. The so-called distributions or returns are estimated at $90 billion from 2016 through 2020.

"We have reshaped our company with a focus on value and have demonstrated a clear track record of delivering on our ambitious promises made at our management day in November 2017," chief executive Ben van Beurden said and expressed confidence in high margins.

The oil giant maintained the outlook for this year and next and added the gearing level is seen reaching 25% through 2020 compared to an adjusted 20% from 2016. It set a target for investments between 2021 and 2025 at $30 billion per year including acquisitions worth up to $1 billion and capped capital expenditure at $32 billion per year.

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