Royal Dutch Shell plc (“Shell”) today announced that it has signed a $10 billion revolving credit facility. The new facility will replace Shell`s existing $8.84 billion revolving credit facility and will be provided by a consortium of 25 banks. The interest and fees paid for the revolver credit are related to Shell`s progress in achieving its short-term net carbon intensity target. Royal Dutch Shell signed a $12 billion credit line three months after reaching a similarly sized deal as the Anglo-Dutch oil group built its currency pile in the face of falling demand and oil prices. The new facility will replace Shell`s existing revolving credit facility for $8.84 billion ($6.6 billion) and will be provided by a consortium of 25 banks. This press release contains forward-looking statements (within the meaning of the Private Securities Reform Act 1995) about Royal Dutch Shell`s financial position, business results and operations. All other statements as statements of historical fact are or may be considered forward-looking statements. Forward-looking statements are statements of future expectations based on management`s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, achievements or events to differ materially from those expressed or implied in such statements. Forward-looking statements include, among other things, statements regarding Royal Dutch Shell`s potential exposure to market risks and statements that reflect management`s expectations, beliefs, estimates, forecasts, forecasts and assumptions. These forward-looking statements are identified by the use of terms and phrases such as “objective,” “ambition,” “faith,” “could,” “`,`,`,` There are a number of factors that could affect Royal Dutch Shell`s future operations and that could cause these results to differ materially from those reflected in the forward-looking statements contained in this press release, including (without limitation) fluctuations in oil and gas prices; b) changes in demand for shell products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and competition in the industry; (g) environmental and physical risks; (h) the risks associated with identifying appropriate potential acquisition objects and objectives, as well as successfully negotiating and implementing these transactions; (i) the risk of carrying out operations in developing and internationally-subject countries; (j) legislative, fiscal and regulatory developments, including regulatory measures to combat climate change; (k) economic and financial conditions in different countries and regions; (l) political risks, including the risks of expropriation and renegotiation of contractual terms with public authorities, delays or progress in approving projects and delays in reimbursement of shared costs; and (m) changes in trade conditions. There is no guarantee that future dividends will match or exceed dividends paid to date. All forward-looking statements contained in this press release are expressly qualified in their entirety by the precautions contained in or referred to in this section. Readers should not rely too much on forward-looking statements.
Other risk factors that may affect future results are included in Royal Dutch Shell`s Form 20-F for the year ended December 31, 2018 (available for www.shell.com/investor and www.sec.gov).