Shell Sees Lower Production, Softer Trading In Q2

Shell plc (NYSE:SHEL) on Monday released its updated financial outlook for the second quarter of 2025, ahead of its scheduled July 31 earnings report. The guidance outlines expected performance across major business segments, including gas production, marketing, chemicals, and renewables.

Output from integrated gas operations is projected to be between 900,000 and 940,000 barrels of oil equivalent per day, compared to 927,000 barrels of oil equivalent per day in the first quarter. LNG liquefaction volumes are estimated to be between 6.4 and 6.8 million metric tons, versus 6.6 million metric tons in the first quarter.

Upstream production is set to decline to a range of 1.66 million to 1.76 million barrels per day, down from 1.855 million in the first quarter, following scheduled maintenance and the completed sale of assets in Nigeria.

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