Shell Lowers Q2'25 Guidance for Integrated Gas & Chemicals Divisions
Key Takeaways SHEL cut Q2 integrated gas output guidance to 900K-940K boe/d, down from earlier 890K-950K boe/d range. LNG output is now expected at 6.4- 6.8M tons, with weaker gas trading versus Q1 also anticipated. Chemicals division faces losses as utilization drops to 68- 72% due to unplanned Monaca maintenance.Shell plc (SHEL) , the British oil and gas giant, has provided an update on the second-quarter outlook for its integrated gas division and liquefied natural gas (LNG) production ahead of releasi ...