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Shell trims LNG production Outlook for Q4
Shell cuts production forecast for LNG, warns weaker Q4
Shell (NYSE:SHEL) cut its Q4 forecast; LNG liquefaction volumes are expected to be between 6.8 and 7.2 million metric tons, lower than Q3's 7.5 MT, due to lower feedgas and fewer cargos due to the timing of liftings.
Shell trims LNG production outlook for Q4, says O&G trading results to be lower
In a trading update ahead of its Q4 results, Shell (SHEL) said it expects Trading & Optimization results to be “significantly lower” than
Shell warns of weaker fourth quarter LNG, oil trading
Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.
Shell cuts LNG outlook, with more write-offs due for 2024 year end
Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, with significant well write-offs for upstream exploration and integrated gas also expected.
Shell Flags Weaker Q4 LNG Output and Significantly Lower Trading
Shell expects lower profits in the fourth quarter of 2024 due to seasonality, timing issues, and a $1.3 billion charge, impacting LNG production, trading, and renewables.
Shell trims LNG production outlook for Q4, warns of weaker oil, gas trading
Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets
Shell's LNG Production and Trading Outlook Dims Amid Strategic Shift
Shell has lowered its LNG production forecast and expects reduced trading results in Q4. Facing impairments and a strategic shift, including stepping back from offshore wind, Shell's performance contrasts sharply with past profits.
Shell warns of weaker Q4 LNG, oil trading
The liquefied natural gas trader says trading results for the division are significantly lower due to the non-cash expiry of hedging contracts.
Shell cuts production forecast for LNG
Shell has cut its liquefied natural gas production forecast for the fourth quarter of 2024 and warned that results from its trading business will be lower than in the third quarter. The UK oil major,
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Shell's Q4 Profit Warning Sends Shares Sliding Amid $3 Billion Impairments and Gas Output Cuts
With regard mostly to assets in Europe and North America, the business also declared $1.5 billion to $3 billion in non-cash, ...
1d
on MSN
Shell Stock Falls on Forecast of Q4 Integrated Gas Output Slump
KEY TAKEAWAYS Shell shares are falling in premarket trading Wednesday after the oil giant said it expects to post a large ...
1d
Wall Street Breakfast Podcast: Shell Lowers Q4 Outlook, Trims LNG Output
Shell cuts production forecast for LNG, warns weaker Q4. Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal.
devdiscourse
1d
Shell's Q4 Shift: Rising Stakes in Oil and Gas
Shell revised its LNG production outlook downward and anticipates lower trading results for oil and gas in Q4. Non-cash ...
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