Shell Boosts LNG Production Forecast As Refining Margins Surge

Benzinga

Shell shares rose after updating Q3 guidance, highlighting stronger Trading & Optimization and higher LNG liquefaction volumes. The company expects refinery margins to improve but warned of weaker chemicals performance and a $200–$400 million hit from Brazilian asset rebalancing. Shares gained 0.58% premarket to $74.71.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Shell shares edged higher pre-market on Tuesday after the company revised its third-quarter

00:06guidance across multiple business segments, according to Benzinga.

00:10The old-john era of production for expectations for integrated gas projected a strong rebound

00:14in trading and optimization results while raising LNG liquefaction values.

00:19Upstream output was tightened with a $200 million to $400 million earning set tied to

00:24Brazilian asset rebalancing.

00:25Shell raised its refinery utilization and margin outlook for the quarter,

00:29but expects lower chemical plant utilization and adjusted loss in the chemical segment.

00:34Shares were up 0.58% and $74.71 pre-market on Tuesday.

00:39For all things money, visit Benzinga.com.

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