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News 2026-07-07 08:03 UTC

Shell Q2 Production Down, Higher Margins on Persian Gulf Turmoils

() -- Shell (SHEL) expects Q2 oil-and-gas production volumes will decline due to Persian Gulf hostilities, but profit margins will swell, the energy giant reported Tuesday. The company said Q2 natural gas production is expected to be 610,000 to 650,000 barrels of oil equivalent a day in Q2, down from 909,000 in Q1, "re