Shell 31/1/198 Feb 2019 08:44
Now, let me take you through the key numbers of the fourth quarter of 2018.
$12.9 billion of cash flow from operations excluding working capital movements.
$16.7 billion of free cash flow.
$5.7 billion of earnings on a current cost of supplies basis, excluding identified items.
All of this at an average Brent price of $69/bbl.
Return on average capital employed was 7.6%.
CEO statement
Royal Dutch Shell CEO Ben van Beurden commented:
“Shell delivered a very strong financial performance in 2018, with cash flow from operations of $49.6 billion, excluding working capital movements. We delivered on our promises for the year, including the completion of the $30 billion divestment program and starting up key growth projects while maintaining discipline on capital investment. We paid our entire dividend in cash, further reduced our debt and launched our share buyback program, with $4.5 billion in shares repurchased so far.
We will continue with a strong delivery focus in 2019, with a disciplined approach to capital investment and growing both our cash flow and returns. Our strategy to deliver a world-class investment case is working.”