Shell expects strong third-quarter earnings due to increased gas trading, higher upstream production, and refining margins. LNG volumes outlook raised to 7.0-7.4 million tons. Shares rose by 2% in London. Despite challenges in Renewables, the overall outlook is positive. Q3 results to be announced on October 30.
Analysts optimistic about Shell’s earnings despite impairments in Renewables. Stock up 10% this year. Q2 earnings exceeded expectations, helped by reduced expenses and higher marketing margins. Higher trading results in Q3 could further boost earnings at the top LNG trader.
Shell’s positive Q3 outlook driven by strong gas trading, increased production, and refining margins. Impairments in Renewables may impact results. Shares rise by 2% in London. Q2 earnings exceeded expectations. Q3 results to be announced on October 30. Analysts see growth potential in Shell’s production update.
Read more at Yahoo Finance: Shell’s Q3 Profit Soars on Strong Trading and Production
