Shell Projects Q3 2024 LNG Volumes Between 7.3 And 7.7 MT, Highlights Mixed Performance Across Segments
Portfolio Pulse from Benzinga Newsdesk
Shell has released its Q3 2024 outlook, projecting LNG volumes between 7.3 and 7.7 MT. The company reports mixed performance across its segments, with expectations for stable trading results in Integrated Gas and Marketing, but lower results in Chemicals and Products. The Renewables and Energy Solutions segment is expected to show a slight loss or break-even, while Corporate is projected to incur a loss.
October 07, 2024 | 7:23 am
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Shell's Q3 2024 outlook indicates stable LNG volumes and mixed performance across segments. Integrated Gas and Marketing are expected to perform in line with Q2, while Chemicals and Products may see lower results. Renewables and Energy Solutions could break-even or incur a slight loss.
Shell's Q3 2024 outlook provides detailed projections for each segment. The stable LNG volumes and consistent performance in Integrated Gas and Marketing suggest stability, while the potential underperformance in Chemicals and Products and the uncertain outcome in Renewables and Energy Solutions indicate mixed results. This balanced outlook results in a neutral short-term impact on Shell's stock price.
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IMPORTANCE 80
RELEVANCE 100