Overview
- Shell raised its third‑quarter LNG liquefaction forecast to 7.0–7.4 million tonnes, up from 6.7–7.3 million.
- Trading and optimisation in the Integrated Gas division is expected to be significantly higher than in the prior quarter.
- The company guided to about $4.3 billion in adjusted third‑quarter earnings, with full results due later this month.
- Shell recorded a non‑cash impairment of roughly $600 million linked to the cancellation of its planned Rotterdam biofuels facility.
- Guidance also points to a $200–$400 million adjusted‑earnings hit from Brazil rebalancing and stronger refining with 94%–98% utilisation and an estimated $11.60 per‑barrel margin.