Oil major Shell provides mixed Q4 outlook

DPA
·1 min read
The Shell Oil Company logo is seen at a gas station. Shell on 08 January reported a revised outlook for its fourth quarter.The company now expects production in Integrated Gas to be 880 kboe/d (1,000 barrels of oil equivalent per day) - 920 kboe/d, lower than the 870 kboe/d - 930 kboe/d guided earlier. Patrick Pleul/dpa-Zentralbild/dpa
The Shell Oil Company logo is seen at a gas station. Shell on 08 January reported a revised outlook for its fourth quarter.The company now expects production in Integrated Gas to be 880 kboe/d (1,000 barrels of oil equivalent per day) - 920 kboe/d, lower than the 870 kboe/d - 930 kboe/d guided earlier. Patrick Pleul/dpa-Zentralbild/dpa

Shell on Monday reported a revised outlook for its fourth quarter.

The company now expects production in Integrated Gas to be 880 kboe/d (1,000 barrels of oil equivalent per day) - 920 kboe/d, lower than the 870 kboe/d - 930 kboe/d guided earlier.

Production in Upstream is now expected to be 1,830 kboe/d - 1,930 kboe/d, up from 1,750 kboe/d - 1,950 kboe/d anticipated earlier.

In Marketing, it now sees sales volumes to be in the range of 2,350 kb/d (1,000 barrels per day) - 2,750 kb/d, higher than 2,250 kb/d - 2,750 kb/d expected earlier.