March 21, 2018 / 7:24 AM / a month ago

Shell sees downstream annual organic free cash flow of $6 bln to $7 bln by 2020

March 21 (Reuters) - Oil major Royal Dutch Shell said it expects to generate $6 billion to $7 billion annual organic free cash flow by 2020 for its downstream business.

The Anglo-Dutch company said it plans to invest $7 billion to $9 billion a year across the business and expects to deliver a return on average capital employed of more than 15 percent. (Reporting by Arathy S Nair in Bengaluru, editing by Louise Heavens)

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