Shell Revises Q2 Operational Outlook
Portfolio Pulse from Lekha Gupta
Shell PLC (NYSE:SHEL) has revised its Q2 2023 outlook across all its businesses. The company updated the production outlook for Integrated Gas and Upstream, and expects Trading & Optimisation results to be significantly lower Q/Q. Shell also revised sales volumes guidance for Marketing and anticipates the outlook for refinery utilization in Chemicals & Products. The company expects to release Q2 results on July 20, 2023. Last month, Shell announced a 15% increase in dividend per share and a share repurchase of at least $5 billion for H2 2023.
July 07, 2023 | 9:29 am
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Shell PLC has revised its Q2 2023 outlook, which could impact investor sentiment and the company's stock price. The company also announced a 15% increase in dividend per share and a share repurchase of at least $5 billion for H2 2023.
The revision of Shell's Q2 2023 outlook could lead to uncertainty among investors, potentially impacting the company's stock price. However, the increase in dividend per share and the announcement of a share repurchase could be seen as positive signals, potentially offsetting any negative impact from the revised outlook.
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