# Shell shares were down 4.33% at $90.07 during premarket trading on Wednesday.

*business · news · 2026-04-08 · Benzinga*

## Key points

- Shell narrowed its Integrated Gas production outlook to 880,000-920,000 boe/d, down from prior guidance.
- Shell raised its LNG liquefaction volumes outlook due to LNG Canada ramp-up, despite outages in Qatar.
- Shell now expects refinery utilization of 95%-99%, higher than its previous 90%-98% guidance.
- Shell projected refining margins of $17 per barrel for the quarter, up from $14 in Q4.

**Companies:** Shell
**Countries:** United States, Iran, Qatar, Australia, Canada

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51702517/shell-cuts-gas-outlook-on-middle-east-disruptions)

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