Shell Boosts LNG Production Forecast As Refining Margins Surge
0:42
MSNBenzinga
Shell Boosts LNG Production Forecast As Refining Margins Surge
Shell shares rose after updating Q3 guidance, highlighting stronger Trading & Optimization and higher LNG liquefaction volumes. The company expects refinery margins to improve but warned of weaker chemicals performance and a $200–$400 million hit from Brazilian asset rebalancing. Shares gained 0.58% premarket to $74.71.
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