Overview

• Shell expects significantly lower second-quarter profits from its gas trading division compared to the first quarter.
• Shell announced $3 billion in writedowns for the second quarter, mostly due to an increase in the discount rate used to test for impairment.
• Shell predicts an adjusted corporate loss of between $600 million and $800 million for the quarter.
• Performance in Shell's chemicals and products division is expected to be lower than in the first quarter.
• Shell's upstream division is expected to report adjusted earnings of between $2.5 billion and $2.8 billion.