Shell reveals expected cash capex for full year 2019
BAKU, Azerbaijan, Dec.20
By Leman Zeynalova – Trend:
Full year 2019 cash capital expenditure of Royal Dutch Shell is expected to be around the lower end of the $24-29 billion range, Trend reports with reference to the company’s update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019.
Based on the macro outlook, post-tax impairment charges in the range of $1.7-2.3 billion are expected for the fourth quarter of 2019 and impairment charges are reported as identified items, said Shell.
As per previous disclosures, Cash Flow from Operations (CFFO) price sensitivity at Shell group level is $6 billion per annum for each $10 per barrel Brent price movement.
“Note that this price sensitivity is appropriate for smaller price changes, and is best used for full-year numbers. As per previous disclosures, total cash tax payments in the second and fourth quarters are generally expected to be higher than in the first and third quarters,” reads the report.
Corporate segment earnings excluding identified items are expected to be a net expense of $1,000-1,100 million for the fourth quarter, according to Shell. This includes deferred tax reassessments but excludes the impact of currency exchange rate effects.
Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
Shell is a global group of energy and petrochemical companies.
Its operations are divided into our businesses: Upstream, Integrated Gas and New Energies, Downstream.
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