Current RDS.A Stock Info

Royal Dutch Shell (ticker: RDS.A) CEO Ben van Beurden had some things to celebrate in his company’s year-end reporting today.

“We were able to deliver $39 billion of cash flow from operations excluding working capital movements from our upgraded portfolio. We strengthened our financial framework during the year through an $8 billion reduction in our net debt…,” the CEO said in a press release.

CapEx – $20.8 billion spent in 2017


Shell Earned $4.3 Billion for Q4, $15.8 Billion for 2017

Shell Q4 2017 and FY 2016-17 Overall CapEx

Upstream – Shell clamps down with high capacity and investments

During the quarter, Shell and its partners announced the start of the extended well test at the Libra field in the Santos Basin in Brazil. Petrobras, the operator, announced that the Libra consortium had submitted the declaration of commerciality and signed a contract to charter the first production FPSO of Mero, which is the north-west block of Libra. The FPSO has a capacity of 180 thousand BOEPD and is expected to start production in 2021. Shell has a 20% interest in the consortium developing the Libra area.

In December, Maersk Oil, as operator, announced the final investment decision for the redevelopment of the Tyra gas field in Denmark, which is expected to be completed in 2022. Peak production will be approximately 60 thousand BOEPD. Shell holds a 36.8% interest in the Tyra field, which is part of the Danish Underground Consortium. Upstream divestments completed during the quarter totalled some $3,254 million, which included the disposal of a package of UK North Sea assets and Gabon onshore interests.

In January 2018, Shell announced the final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea. Shell has a 50% interest in the Penguins field and peak production is expected to be 45 thousand BOEPD. Shell also completed the purchase of the Turritella FPSO in the Stones development in the Gulf of Mexico.

Shell produced approximately 3.664 MMBOEPD in 2017.

Projected 2018-20 capital investment

Shell Earned $4.3 Billion for Q4, $15.8 Billion for 2017

Shell Projected Avg. 2018-20 CapEx, Feb. 2018

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