Shell warns of weaker fourth quarter LNG, oil trading
Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.
Shell trims LNG production outlook for Q4, says O&G trading results to be lower
In a trading update ahead of its Q4 results, Shell (SHEL) said it expects Trading & Optimization results to be “significantly lower” than
Shell's LNG Production and Trading Outlook Dims Amid Strategic Shift
Shell has lowered its LNG production forecast and expects reduced trading results in Q4. Facing impairments and a strategic shift, including stepping back from offshore wind, Shell's performance contrasts sharply with past profits.
Shell cuts production forecast for LNG, warns weaker Q4
Shell (NYSE:SHEL) cut its Q4 forecast; LNG liquefaction volumes are expected to be between 6.8 and 7.2 million metric tons, lower than Q3's 7.5 MT, due to lower feedgas and fewer cargos due to the timing of liftings.
Shell flags weaker gas production
Shell has cut its liquefied natural gas production forecast for the fourth quarter of 2024 and warned that results from its trading business will be lower than in the third quarter. The UK oil major,
Shell Adjusts LNG Production and Trading Outlook Amid Strategic Shifts
Shell revised its LNG production estimates and forecasted a dip in oil and gas trading outcomes for the fourth quarter, citing hedging contract expirations. The company announced potential impairments in its renewables division and noted a strategic shift away from new offshore wind investments.
Wall Street Breakfast Podcast: Shell Lowers Q4 Outlook, Trims LNG Output
Shell cuts production forecast for LNG, warns weaker Q4. Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal. Delta to link SkyMiles program to Uber, ending Lyft partnership.
Shell Flags Weaker Q4 LNG Output and Significantly Lower Trading
Shell expects lower profits in the fourth quarter of 2024 due to seasonality, timing issues, and a $1.3 billion charge, impacting LNG production, trading, and renewables.
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
Shell cuts LNG outlook, with more write-offs due for 2024 year end
Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, ...
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British investors ask Shell to justify how LNG expansion plans align with climate goals
Institutional investors urge Shell to justify its LNG growth strategy amid climate commitments concerns, emphasising ...
Shell writes down $400m on unviable oil discovery in Namibia
Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected ...