Shell Raises Q3 Upstream Production Outlook, Revises Integrated Gas Guidance

Shell plc (NYSE:SHEL) shares are trading higher premarket today. The British energy company updated its operational outlook for the third quarter of FY24.

Outlook Revised: For Integrated Gas, the company updated the production outlook to 920 – 960 (from 920 – 980 thousand boe/d expected earlier) and LNG liquefaction volumes to 7.3 – 7.7 MT (vs. 6.8 – 7.4 MT prior).

The outlook reflects that Trading and optimization results are expected to be in line with the second-quarter FY24.

For Upstream, Shell raised production guidance to 1,740 – 1,840 thousand ...

Full story available on Benzinga.com