Shell Warns Weak Earnings From Gas Trading Could Impact Profits

OilPrice.com | Oct 7, 2022 at 3:30 PM
  • Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.
  • Shell believed that liquefied natural gas volumes are expected to be between 6.9m and 7.5m tonnes.
  • Integrated gas was expected to be between 890 and 940 thousand barrels of oil equivalent per day, while tax paid was expected to come in between $3.4bn and $3.8bn in the third quarter.