Shell PLC (XAMS:SHELL)
€ 30.72 0.05 (0.16%) Market Cap: 186.00 Bil Enterprise Value: 218.54 Bil PE Ratio: 13.39 PB Ratio: 1.10 GF Score: 72/100

Q4 2019 Royal Dutch Shell PLC Earnings Call Transcript

Jan 30, 2020 / 01:30PM GMT
Release Date Price: €24.23 (-4.06%)
Ben Van Beurden
Royal Dutch Shell plc - CEO & Director

You will all be familiar with the disclaimer. Please take another good look at it, because it's time to update you on the delivery and the performance of our company in 2019. I think we are seeing good cash flow performance. And the current cash flow could bring us to $28 to $33 billion in organic free cash flow by the end of this year if we see an improvement in macro conditions to our reference price conditions. That's what we said we would achieve for 2020. Now the tough macro headwinds that we have seen could also impact our ability to deliver on that. But we have built a resilient business and with continued discipline we expect to succeed. As you know our strategy is to deliver a world class investment case. It is do thrive in the energy transition and to maintain a strong societal license to operate. Of course, being a world-class investment is about generating strong returns, financial resilience. Thriving in the energy transition is about being a world-class investment for decades to come. And a strong societal license to operate is about

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