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Shell trims LNG production Outlook for Q4
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 production forecast for LNG, warns weaker Q4
Shell ( NYSE: SHEL) trimmed its Q4 forecast; reduced its LNG production forecast to between 6.8 and 7.2 million metric tons, down from a previous estimate of 6.9 to 7.5 million metric tons, and lower than Q3's 7.5 million metric tons. It sighted lower feedgas deliveries and fewer cargos shipments.
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'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.
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. Delta to link SkyMiles program to Uber, ending Lyft partnership.
Shell flags weaker gas production
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,
Shell Adjusts LNG Production and Trading Outlook Amid Strategic Shifts
Shell revised its LNG production estimates and forecasted a dip in oil and gas trading outcomes for the fourth quarter, citing hedging contract expirations. The company announced potential impairments in its renewables division and noted a strategic shift away from new offshore wind investments.
Edie
1h
Shell accused of backing ‘carbon-neutral’ LNG claims with dud carbon credits
An investigation into carbon credits purchased by Shell to claim that dozens of its liquefied natural gas shipments were ...
23h
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
1d
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, ...
2d
on MSN
Shareholders' climate resolution challenges 'disconnect' in Shell's LNG strategy
Shell's plans to increase sales of liquefied natural gas (LNG) have been called into question by a by major group of ...
Edie
2d
British investors ask Shell to justify how LNG expansion plans align with climate goals
Institutional investors urge Shell to justify its LNG growth strategy amid climate commitments concerns, emphasising ...
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