Similarly, in 2018, the average WTI crude oil price is expected to be $56, representing a 10% jump from the 2017 average. Expect Upstream Business To Drive Growth In 2018TrefisWe estimate Royal Dutch Shell’s Upstream revenues to grow roughly 11% in 2018. All these factors have led to a surge in oil prices, which currently trade at $69. Within the Upstream segment, we expect the Natural Gas business to see low single digit revenue growth, primarily led by higher price realization. It should be noted that Royal Dutch Shell’s Natural Gas price realization has declined from the peak of $6.85 in 2008 to $3.16 in 2016.

Source: Forbes April 25, 2018 17:03 UTC