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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.
Shell expects significantly higher Q1 earnings in marketing and oil trading due to Middle East volatility.
KEY POINTS
- 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.
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