SHEL Updates 2Q23 Outlook, Now Sees Integrated Gas Production Of 950-990 Thousand boe/d (Prior 920-980); Upstream Production Of 1,650-1,750 Thousand boe/d. (Prior 1,600-1,800); Marketing Sales Volumes Of 2,400-2,800 Thousand b/d(Prior 2,350-2,850).
Portfolio Pulse from Benzinga Newsdesk
SHEL has updated its 2Q23 outlook, now expecting Integrated Gas production of 950-990 thousand boe/d (previously 920-980), Upstream production of 1,650-1,750 thousand boe/d (previously 1,600-1,800), and Marketing Sales Volumes of 2,400-2,800 thousand b/d (previously 2,350-2,850).
July 07, 2023 | 6:18 am
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SHEL has increased its production and sales volume expectations for 2Q23, which could indicate a positive outlook for the company's performance.
The increase in SHEL's production and sales volume expectations for 2Q23 suggests that the company is anticipating stronger performance in the future. This could potentially lead to increased revenues and profitability, which would likely have a positive impact on the company's stock price.
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