Shell gives vague guidance for fourth quarter
Portfolio Pulse from
Shell PLC provided a vague fourth-quarter outlook, with expectations of a decline in Integrated Gas production due to maintenance and reduced LNG volumes. Adjusted earnings are projected between $1.2-1.6 billion, compared to $1.4 billion in Q3.
January 08, 2025 | 8:00 am
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Shell's fourth-quarter outlook indicates a decline in Integrated Gas production and adjusted earnings, with a range of $1.2-1.6 billion, down from $1.4 billion in Q3.
The decline in production and earnings guidance suggests potential challenges for Shell, likely impacting investor sentiment negatively in the short term.
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