Shell's Revised Q4 Forecast

Shell has lowered its Q4 forecast for LNG production due to decreased feed gas deliveries and fewer cargo shipments, projecting a production range of 6.8 to 7.2 million metric tons. This revision indicates a drop from the previous estimate of 6.9 to 7.5 million metric tons and a decrease from Q3's figures, highlighting operational challenges. Additionally, integrated gas production is expected to decline to between 880,000 and 920,000 barrels of oil equivalent per day, impacted by scheduled maintenance at their Pearl GTL facility in Qatar. Consequently, Shell anticipates a drop in oil and gas trading results due to the adverse effects of non-cash expiry of hedging contracts, which has particularly affected their LNG and chemicals divisions.