business / news / / The Manila Times
Shell said weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading.
Shell's Qatari Pearl gas plant was attacked and repairs may take about a year.
KEY POINTS
- Shell's working capital dropped to between minus $10 billion and minus $15 billion this quarter.
- Shell lowered its first-quarter integrated gas production guidance to 880,000–920,000 boed.
- Shell expects net debt to rise by $3 billion to $4 billion due to shipping lease variables.
- Adjusted earnings in Shell's renewables unit are projected to rise to up to $700 million.
COMPANIES
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