Shell CFO sees dividend freeze

LONDON Oct 29 (Reuters) - Royal Dutch Shell Plc (RDSa.L) said it was unlikely to raise its dividend in the foreseeable future, in spite of rising oil prices and debt levels below its targeted gearing range.

"I think at the current macro (oil price), and with the current expectations for investments, there's a reasonable probability that we will freeze the dividend as we go forward," Chief Financial Officer Simon Henry told analysts on a conference call. (Reporting by Tom Bergin; editing by Simon Jessop)