- Shell has revised its integrated gas production forecast upwards for the second quarter, driven by surging crude oil costs boosting its trading operations.
- Despite this improved outlook, the energy giant expects a sharp decline in integrated gas production for Q2 compared to Q1.
- This reduction is primarily due to the ongoing conflict in the Middle East, which has impacted output from Qatar, including the Pearl GTL site being offline since March.
- Shell anticipates trading results in its chemicals and products unit to align with the previous quarter's strong performance, with gas trading expected to be 'significantly higher'.
- While Shell's shares have been affected by oil prices returning to pre-war levels, higher refining margins offer hope for shareholder dividends.
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