Royal Dutch Shell Plc  .com Rotating Header Image

Shell initiates quarterly outlook, sees higher third-quarter LNG output

Ron Bousso: SEPT 30, 2019

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) on Monday introduced a quarterly outlook, forecasting higher liquefied natural gas output and charges of up to $850 million for the third quarter.

Chief Financial Officer Jessica Uhl said that after discussions with investors, the Anglo-Dutch energy company would release outlooks ahead of quarterly results “to enhance disclosures and increase transparency”.

The company reports third-quarter results on Oct. 31.

Shell in August said its second-quarter profit slumped to a 30-month low on weaker gas prices and refining margins, denting a steady recovery in recent years.

For the third quarter, Shell said:

Reporting by Muvija M in Bengaluru and Ron Bousso in London; Editing by Clarence Fernandez and Aditya Soni

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell initiates quarterly outlook, sees higher third-quarter LNG output”

Leave a Comment

%d bloggers like this: