Shell PLC (NYSE: SHEL) shares are trading lower after it revised its Q4 FY23 operational outlook.
For Integrated Gas, the company updated the production outlook to be 880-920 thousand boe/d (vs. 870-930 thousand boe/d expected earlier) and LNG liquefaction volumes to 6.9 - 7.3 MT (vs. 6.7 - 7.3 MT expected earlier).
The revised outlook reflects significantly higher Q/Q Trading & Optimisation owing to seasonality and increased optimisation opportunities.
For Upstream, Shell narrowed production guidance to 1,830-1,930 thousand boe/d (vs. 1,750-1,950 thousand boe/d earlier), with shares of ...