SHEL Updates 3Q23 Outlook, Now Sees Integrated Gas Production Of 880-920 Thousand boe/d (Prior 870-930); Upstream Production Of 1,700-1,800 Thousand boe/d. (Prior 1,600-1,800); Marketing Sales Volumes Of 2,450-2,850 Thousand b/d (Prior 2,450-2,950)
Portfolio Pulse from Benzinga Newsdesk
SHEL has updated its 3Q23 outlook, now expecting Integrated Gas production to be 880-920 thousand boe/d (previously 870-930), Upstream production to be 1,700-1,800 thousand boe/d (previously 1,600-1,800), and Marketing Sales Volumes to be 2,450-2,850 thousand b/d (previously 2,450-2,950).
October 06, 2023 | 7:16 am
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SHEL has revised its 3Q23 outlook, with changes in Integrated Gas, Upstream production, and Marketing Sales Volumes. This could potentially impact the company's stock performance.
SHEL's updated outlook shows a slight decrease in the upper limit of their Integrated Gas and Marketing Sales Volumes projections, while the lower limit of their Upstream production has increased. This mixed outlook may lead to uncertainty among investors, potentially impacting the stock's performance in the short term.
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