Oil giant Royal Dutch Shell will cease to pay dividends in shares. About it reports a press-service of the company.

Shell confirmed plans to purchase its own shares for an amount not less than $25 billion in 2017-2020.

The Shell improved the Outlook for a measure of free cash flow to $25 billion in 2020 from the previously expected $20 billion if oil prices stay at $60 per barrel.

Earlier it was reported that according to forecasts of the research company Oxford Economics, the average annual price of Brent crude oil in 2018 will drop to $55 per barrel.

Shell buys own shares at $25 billion 28.11.2017

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