Home News Shell expected to increase cash flow and higher oil prices

Shell expected to increase cash flow and higher oil prices

323
0

LONDON (Dow Jones) – Anglo-Dutch Shell oil company expects over the next three years to a substantial Increase in cash flow. The oil and gas production and Deposits are likely to rise significantly, thanks to new projects. In addition, continued high oil prices, as expected, the Royal Dutch Shell plc on Announced Tuesday.
With the commissioning of new projects, cash flow is expected from business by 2012 compared to 2009, at approximately 50% increase. In the Group expects an oil price of 60 USD per barrel from. If oil prices at $ 80 per boe, The increase could amount to even 80%.
The oil and gas production is expected to Shell estimates in 2012, about 3.5 million boe per day to achieve. Last year she had to 3.15 million boe per day location. Crude oil to medium term should Statement from Shell CEO Peter Voser in a span of 50 USD to 90 USD per Barrels are traded with a tendency toward the top end, although in Refining sector for some time to give the world an oversupply could.
Such as Shell further informed that they want in their dividend policy guided by its competitors and at this meeting Years suggest that dividends in the form of shares instead of cash . to pay out For the first quarter of 2010, the Group plans $ 0.42 per share distribute.

   

Website: www.shell.com

- By Alex MacDonald, Dow Jones Newswires
+49 (0) 69 29725 104, unternehmen.de @ dowjones.com
(Lananh Nguyen in London contributed to this article.)

DJG / DJN / ebb / sha / kla
Visit our website http://www.dowjones.de 


(END) Dow Jones Newswires

March 16, 2010 08:28 ET (12:28 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc