Shell Tweaks Q3 Production Outlook Ahead Of Results Next Month: What's Going On?
Portfolio Pulse from Lekha Gupta
Shell PLC has revised its Q3 FY23 operational outlook. The company updated the production outlook for Integrated Gas and LNG liquefaction volumes, reflecting scheduled maintenance. Shell also narrowed production guidance for Upstream and lowered the higher end of the sales volume guidance for marketing. The company currently sees refinery utilization of 82% - 86% and Chemicals utilization of 68% - 72%. Shell projects Q3 chemicals sub-segment adjusted earnings to align with Q2 FY23. The company expects to release Q3 FY23 results on November 2, 2023.
October 06, 2023 | 12:28 pm
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NEUTRAL IMPACT
Shell's revised Q3 FY23 operational outlook could potentially impact its stock price. The company's updated production outlook for Integrated Gas and LNG, narrowed production guidance for Upstream, and lowered sales volume guidance for marketing could influence investor sentiment.
Shell's revised operational outlook indicates changes in its production and sales volumes. These changes could potentially impact the company's revenues and profitability, which in turn could influence its stock price. However, the exact impact will depend on how these changes are perceived by investors and how they align with market expectations.
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