Shell Plc projects lower earnings and production in Q2, with Chemicals segment facing losses

Shell Plc updated its second quarter outlook, with projected upstream production in a range of 1,660 – 1,760 kboe/d and integrated gas production in a range of 900 – 940 kboe/d. However, the Chemicals & Products segment’s adjusted earnings are expected to be below break-even, with the Chemicals sub-segment facing a loss. Renewables and Energy Solutions trading & optimisation is also expected to be lower than the first quarter. Scheduled maintenance and the sale of SPDC in Nigeria are contributing factors to the production outlook.

Read more at Nasdaq: Shell Plc Issues Overview Of Current Q2 Expectations