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Royal Dutch Shell
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Q4 and Full Year 2015 Results
| Ben Van Beurden | Page 7 of 11 |
November 23, 2024
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"Q4 and Full Year 2015 Results"
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INDUSTRY DOWNTURN: SHELL RESPONSE Powerful levers to underpin dividend intentions Gearing 14% Strong balance sheet 2015 Shell: -$4 billion 2016 Shell: -$3 billion Reduce operating costs 2015 Shell: -$8 billion 2016 Shell + BG: ~-$3 billion Reduce capital investment Oil products, shales, upstream engine Restructure portfolio >$20 billion 2014-15 completed; $30 billion 2016-18, Shell + BG Asset sales Shell + BG growth projects Deliver new projects