Shell sustainable growth

For 2011, Shell reported $470 billion revenues and $37 billion in free cash flow, well supported by an average price of the barrel over $100 and a shift in the gas market toward countries with higher added value. Today the gas business represents more than 50% of Shell revenues. With a cash flow expected to increase 30-50% by 2015, Shell is planning to invest $30 billion in capital expenditures to maintain or substitute aging production fields and increase the overall production by 25% in 2017 to 4 million boe/d.

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