# Shell has flagged a working capital outflow of between $10 billion and $15 billion for the first quarter of 2026.

*business · news · 2026-04-08 · The Financial Express*

## Key points

- Shell expects a working capital outflow of $10–15 billion in Q1 2026.
- Attacks in the Gulf have damaged Shell’s Qatari Pearl gas plant, requiring a year for repairs.
- Shell has cut its Q1 integrated gas production outlook due to disruptions in Qatar.
- Shell anticipates stronger oil trading profits will partly offset the liquidity hit.
- UBS and RBC have raised Shell’s Q1 net income estimates, citing trading gains despite setbacks.

**Companies:** Shell
**Countries:** United States, Israel, Iran, Qatar

[Read the full story on The Financial Express](https://www.financialexpress.com/business/industry-shell-flags-liquidity-hit-lower-gas-output-due-to-iran-tensions-oil-trading-offers-relief-4200261/)

---

Canonical: https://newsio.io/n/8c663452-2b59-4716-a98b-ac56c8a18850/shell-has-flagged-a-working-capital-outflow-of-between-10-billion-and-15-billion
Summarized by Newsio from The Financial Express. https://newsio.io/how-it-works