shell global | shell global - powerpoint presentation...-2 0 2 4 6 8 10-5 0 5 10 15 20 25 2015 2016...
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US West Coast
Rotterdam complexUS Gulf Coast coking
Singapore
Western Europe naphtha
NE/SE Asia naphtha
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Environment Choice
Environment Choice
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ORGANIC FREE CASH FLOW
Full Year Half Year$ million Q1 2018 Q2 2018 Q3 2018 Q4 2018 2018 Q1 2019 Q2 2019 2019
Cash flow from operating activities 9,472 9,500 12,092 22,021 53,085 8,630 11,031 19,661Cash flow from investing activities (4,294) 29 (4,082) (5,312) (13,659) (4,622) (4,166) (8,788)Free cash flow 5,178 9,529 8,010 16,709 39,426 4,008 6,865 10,873
Cash inflows related to divestments
Proceeds from sale of property, plant and equipment and businesses 747 1,422 231 1,966 4,366 178 644 822
Proceeds from sale of joint ventures and associates 21 163 935 475 1,594 544 102 646Proceeds from the sale of equity securities 53 4,167 188 97 4,505 271 17 288Tax paid on divestment (reported under "Other investing cash outflows") - - - - - - (77) (77)Impact of internal restructuring related to Upstream Brazil operations (Reported under "Proceeds from sale of joint ventures andassociates") - - (883) (71) (954) (62) (7) (69)
Cash outflows related to inorganic capital expenditure
Inorganic cash capital expenditure (Reported under "Capital expenditure") 786 - - - 786 296 - 296
Organic Free cash flow 5,143 3,777 7,539 14,242 30,701 3,373 6,186 9,559(Free cash flow less inflows related to divestments, add back outflows related to inorganic expenditure)