UK-based major Shell reports better than expected earnings despite lower prices and decline in LNG sales
UK-based major Shell reported better-than-expected earnings to start 2024 despite lower prices and a decline in LNG sales as the natural gas, oil and chemicals trading units all performed well.
Shell reports higher than expected profits underpinned by almost 17 million tonnes of LNG sales
UK major Shell plc reported an increase in net profits for the first three months of the year as liquefied natural gas sales volumes rose by 6 percent on the previous quarter, though were slightly less than the same quarter of 2022.
Shell LNG sales drop along with quarterly profits amid record cash flow and accounting losses for hedging
Royal Dutch Shell reported overall third-quarter profits down 25 percent from the previous quarter as the natural gas division posted a loss blamed on accounting provisions for hedging while liquefied natural gas sales for the year to date plunged 13 percent.
Shell says third-quarter earnings impacted by US hurricane and natural gas trading offset by other issues
Royal Dutch Shell, whose oil and gas operations include more than 60 million tonnes per annum of LNG sales, has warned that its third-quarter earnings would be hit by the impacts of Hurricane Ida in the US Gulf of Mexico and is expected to have an aggregate adverse impact of around $400 million.
Shell reports decline in LNG sales and in overall earnings in lethargic recovery from 2020 oil price crash
Royal Dutch Shell reported a drop in second-quarter liquefied natural gas sales as overall earnings also declined from the first three months of 2021 amid healthy cash flows. The performance was one of recovery from the massive losses posted in 2020 because of write-downs in assets.
Shell gives cautious Integrated Gas earnings forecast and cites impacts of trading and LNG shutdowns
Royal Dutch Shell has given an update on its second-quarter outlook with the Integrated Gas division, including LNG, expected to have trading and optimisation results significantly below average and similar to the first quarter of 2021 because of unplanned maintenance at LNG plants.
Shell warns of charges of up to $4.5Bln for impairments, restructuring and onerous gas contracts
Royal Dutch Shell, with one of the largest global LNG sales portfolios, has warned investors to expect post-tax charges of between $3.5 billion and $4.5 billion in relation to impairments, asset restructuring and onerous gas contracts in the fourth-quarter earnings in February 2021.
