Shell full year 2014 update: Balancing growth and returns_by chemwinfo

29 January 2015

ABOUT SHELL

DETAILS

Shell’s CEO Ben van Beurden

today updates on 2014 performance and

his priorities for the company,

in presentations to financial markets.

Full year 2014

Income

attributable to Royal Dutch Shell plc shareholders  

$14,874 million.

Cash flow from operating activities  

$ 45,044 million.

Highlights

• Successful delivery of 2014 programme.
  
  Improved financial and operating performance
  including
  
  $25 billion free cash flow:
  strengthening of the balance sheet;
  
  $15 billion of dividends and share buybacks;
  
  reduction of capital investment;
  
  early completion of $15 billion divestment target; and
  
  implementation of tighter performance management.
  
  
  
• 2015 to see continuation of 2014 drive to
  balance growth and returns.
  
  New restructuring programmes
  in world-wide resources plays and upstream engines,
  
  leveraging oil price downturn to capture
  multi-billion supply chain cost opportunities world-wide,
  
  and plans to reduce Shell’s operating costs in 2015.

• Organic capital investment in 2015
  
  is expected to be lower than 2014 levels, and
  
  we have curtailed over $15 billion of potential spending
  
  over the next three years.
  
  Shell has options to further reduce spending, but
  
  we are not over-reacting to current low oil prices and
  
  keeping our best opportunities on the table.

READ MORE SHELL, 29 Jan. 2015

READ MORE SHELL, 30 Jan. 2015

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