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Shell trimmed the first-quarter outlook for its integrated gas production today, reflecting the impact of the Middle East conflict on volumes in Qatar.
Shell lowered its Q1 integrated gas production outlook due to Middle East conflict impacts in Qatar.
KEY POINTS
- Shell's Pearl GTL facility in Qatar halted production in mid-March after an attack damaged one train.
- Full repair of Pearl GTL's train two is expected to take around a year, Shell confirmed.
- Shell expects a working capital swing to minus $15 billion to minus $10 billion from commodity price volatility.
- Shell's chemicals and products trading results are projected to be significantly higher than the previous quarter.
COMPANIES
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