Shell Reports Record Q3 Refining Margins, Lifts Gas Production Forecast
Shell has reported record third-quarter refining margins and raised its integrated gas production forecast for the period. The company now estimates production between 740,000 and 780,000 barrels of oil equivalent per day, a significant increase from the prior estimate of 570,000 to 630,000 boe/d. Trading results for gas and oil products are expected to be in line with previous expectations.
The company also raised its integrated gas production forecast for the period to 740,000 to 780,000 barrels of oil equivalent per day, versus a previous estimate of 570,000 to 630,000 boe/d. Results from its gas and oil products trading businesses were likely to be broadly in line with…