# Outlooks presented may vary from the actual first quarter 2026 results and are subject to finalisation of those results, which are scheduled to be published on May 7.

*business · news · 2026-04-08 · The Manila Times*

## Key points

- Shell's Q1 2026 Integrated Gas production is expected to drop due to Middle East conflict impacts.
- LNG Canada ramp-up will partially offset Australian weather and Qatar LNG outages in Q1 2026.
- Shell expects a $3-4 billion increase in non-cash net-debt from long-term shipping lease variables.
- Marketing adjusted earnings for Q1 2026 are projected to be significantly higher than Q1 2025.
- Working capital is expected to decrease by $15-10 billion due to commodity price volatility.

**Companies:** Shell
**Countries:** Qatar, Nigeria, United Kingdom

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/04/08/tmt-newswire/globenewswire/shell-first-quarter-2026-update-note/2316075)

---

Canonical: https://newsio.io/n/c9e2482e-2eb4-4790-8391-da7c5905c681/outlooks-presented-may-vary-from-the-actual-first-quarter-2026-results-and-are-s
Summarized by Newsio from The Manila Times. https://newsio.io/how-it-works