Shell Provides Updated Q1 Production, Financial Guidance

MT Newswires Live16:15

Shell (SHEL) said Wednesday it expects Q1 upstream production of 1.76 million to 1.86 million barrels of oil equivalent per day, compared with 1.89 million in Q4.

Integrated gas production for the quarter is expected at 880,000 to 920,000 barrels of oil equivalent per day, compared with 948,000 barrels in the prior quarter, according to the company.

The energy giant said it expects Q1 LNG liquefaction volume at 7.6 million to 8 million tonnes, compared with Q4 volume of 7.8 million tonnes.

Marketing adjusted earnings are expected to be "significantly" higher from a year earlier, Shell added.

Shell shares were down over 5% in premarket trade Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment