business / news / / Reuters
Shell cut its first-quarter gas production outlook while signalling a surge in oil trading profit.
Shell cut its Q1 gas production outlook to 880,000-920,000 boed, down from previous guidance.
KEY POINTS
- 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
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