Shell expects quarterly profit hit after gas trading and chemicals business weaknesses

Shell sinks after warning of weaker profit from gas trading, chemicals ...

Shell Expects Weaker Trading and Lower Natural Gas Output in Q2

Shell expects to have booked “significantly lower” trading and optimization results for the second quarter compared to the prior quarter, while it also slightly reduced the range of its natural gas and LNG production for the April-June period. Trading and optimization in the integrated gas division is expected to be significantly lower than in the first quarter, Shell said on Monday in an update note on the Q2 results. Marketing adjusted earning…

Shell expects quarterly profit hit after gas trading and chemicals business weaknesses

Company targets a 4-5 per cent annual increase in LNG sales over the next five years despite lower integrated gas trading

Shell flags profit hit from weakness in gas trading and chemicals business

Shell Warns Of Q2 Hit From Downstream Losses

Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31. The energy group’s chemicals business suffered unplanned maintenance at its Monaca polymer plant in the United States while trading in its chemicals and products business was significantly lower than in the first quarter, it said. Shell s…

Shell profits hit by slowdown at gas trading arm - Business Plus

Shares in Shell dropped on Monday as it warned that weaker gas trading will hit profits, writes Jessica Clark. The oil major, which has sought to play down talk that it is plotting a takeover of BP, saw its share price fall as much as three per cent after the "disappointing" update. The stock eventually closed down 2.9 per cent, or 75 pence, at 2553p. Shell will reveal its second-quarter results on July 31, when chief executive Wael Sawan will l…