# Shell cut its first-quarter gas production outlook while signalling a surge in oil trading profit.

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

## Key points

- Shell cut its Q1 gas production outlook to 880,000-920,000 boed, down from previous guidance.
- Shell expects a working capital build of $10-15 billion due to commodity price volatility.
- Production at Shell's Pearl GTL facility in Qatar halted after an attack damaged one train.
- Shell's net debt is projected to rise by $3-4 billion due to shipping lease variables.

**Companies:** Shell
**Countries:** United Kingdom, Iran, Qatar, Australia

[Read the full story on Reuters](https://www.reuters.com/business/energy/shell-cuts-gas-production-outlook-citing-middle-east-conflict-2026-04-08/)

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