# Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher” The UK-based supermajor will publish its first.

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

## Key points

- Shell expects significantly higher Q1 earnings in marketing and oil trading due to Middle East volatility.
- Damage to Qatari LNG infrastructure, where Shell has stakes, will impact Shell's Q1 results.
- Shell forecasts Q1 natural gas production to drop to 880,000-920,000 boe/d from 948,000 boe/d.
- Shell confirmed one-year repair time for Pearl GTL train two after Iranian attacks on Ras Laffan.

**Companies:** Shell
**Countries:** UK, Qatar, Iran

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/Shell-Expects-Significantly-Higher-Oil-Trading-Profits-in-Q1.html)

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