Key Takeaways Shell agrees to sell a 27% non-working interest in the North Cleopatra block to QatarEnergy.SHEL keeps a 36% stake and operatorship, with Chevron and Tharwa Petroleum as other partners.The offshore block, located at the frontier Herodotus basin, spans 3,400 sq km.Shell plc (SHEL) , the British oil and gas giant, has signed an agreement with QatarEnergy to sell a 27% non-working interest in the North Cleopatra block in Egypt. QatarEnergy has mentioned that the deal is contingent upon approvals ...

Core Insights - Shell plc has revised its third-quarter outlook, leading to a positive premarket trading response for its shares [1] Production and Earnings Outlook - The company has adjusted its Integrated Gas production guidance to approximately 910 to 950 thousand boe/d, down from a previous range of 910 to 970 thousand boe/d [1] - The Upstream segment outlook has been tightened to about 1,790 to 1,890 thousand boe/d, compared to the earlier forecast of 1,700 to 1,900 thousand boe/d [3] - Adjusted earnings are expected to incur a hit of $200 to $400 million due to the rebalancing of participation interests in Brazil [3] LNG and Refining Projections - Shell has increased its LNG liquefaction volumes forecast to 7.0 to 7.4 million metric tons, up from a previous estimate of 6.7 to 7.3 million metric tons [2] - Refinery utilization is projected to be around 94% to 98%, an increase from the prior outlook of 88% to 96% [3] - The refining margin is expected to be $11.6 per barrel, higher than the $8.9 per barrel recorded in the second quarter [3] Chemical and Marketing Segment Insights - Chemical manufacturing plant utilization is now expected to be 79% to 83%, slightly adjusted from the earlier guidance of 78% to 86% [4] - The chemicals sub-segment is anticipated to experience an adjusted loss in the third quarter [4] - Marketing sales volumes are projected to be around 2,650 to 3,050 thousand b/d, compared to the previous guidance of 2,600 to 3,100 thousand b/d [4] Impairments and Provisions - The company expects non-cash post-tax impairments and provisions of approximately $600 million in the Marketing segment due to the cancellation of its Rotterdam biofuels project [5] - Total impairments and provisions related to the biofuels venture have reached $1.4 billion [5] Stock Performance - Shell shares were trading higher by 0.92% to $74.95 in premarket trading [6]

Core Insights - Shell Plc's oil and gas trading operations have shown a recovery in performance after facing challenges due to geopolitical volatility in the second quarter [1][2] - The third quarter saw "significantly higher" performance for gas and "higher" performance for oil, indicating a rebound in trading earnings [1][2] Trading Performance - The trading division, a significant profit contributor for Shell, experienced a bounce back after the previous quarter's "significantly lower" earnings, which were attributed to geopolitical factors rather than supply and demand [2] - Brent crude futures remained stable, trading between $65 and $70 per barrel for most of the third quarter [2] Impairments and Project Developments - Shell wrote down $600 million from a Dutch biofuels plant, totaling $1.4 billion in impairments related to the site, which has been shelved pending a cost review [3] - The Rotterdam project was intended to be one of Europe's largest renewable diesel and sustainable aviation fuel plants, but Shell is shifting focus to enhance profitability by shedding low-carbon businesses [3] Industry Trends - Competitor BP Plc is also halting the construction of a biofuels plant in the Netherlands, opting to concentrate on oil and gas production [4] - Shell's chemicals division has been a consistent underperformer, prompting the company to explore partnerships in the US and consider selective closures in Europe [5] - Major chemical producers, including Dow Inc. and Exxon Mobil Corp., have announced capacity reductions in Europe due to high energy costs affecting competitiveness [6]

Core Viewpoint - Shell Group (SHEL.US) has reported a recovery in its oil and gas trading business after a challenging second quarter impacted by geopolitical factors, with significant improvements noted in its natural gas trading and enhanced performance in oil trading [1] Group 1: Oil and Gas Trading Performance - The oil and gas trading segment, a major contributor to Shell's profits, has shown a significant recovery in the third quarter after a substantial decline in trading revenues in the second quarter [1] - CEO Wael Sawan indicated that the previous volatility was driven by geopolitical factors rather than changes in supply and demand fundamentals, leading the company to reduce its risk exposure [1] - Brent crude oil futures prices remained stable in the range of $65 to $70 per barrel during most of the third quarter, providing a favorable environment for the trading business recovery [1] Group 2: Asset Impairment and Strategic Focus - Shell announced a $600 million impairment charge for its recently shelved biofuel plant in the Netherlands, bringing the total impairment amount for the facility to $1.4 billion since last year [1][2] - The suspension of the biofuel plant project aligns with Shell's strategy to divest from low-carbon businesses and focus on enhancing profitability, similar to BP's decision to abandon its biofuel plant plans in the Netherlands [2] Group 3: Chemical and Refining Business - The chemical segment of Shell remains in a loss position, although refining margins have shown year-on-year growth [3] - The chemical business has been a drag on Shell's overall performance for some time, prompting the company to explore partnerships in the U.S. and consider selective closures of chemical production capacity in Europe [3] - The European chemical industry is undergoing capacity adjustments, with major companies like Dow Chemical and ExxonMobil announcing closures or idling of European facilities due to high energy costs affecting competitiveness [3]

(Corrects dateline to Oct 7, not Oct 6. No change to text) By America Hernandez and Stephanie Kelly PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, analysts said. Chevron, ExxonMobil, BP, Shell and TotalEnergies have pledged high returns for the past decade to avert an investor exodus as fossil fuels lost their appeal. But maintaining those generous payou ...

Core Viewpoint - Shell anticipates a $600 million impact in Q3 due to the abandonment of its biofuels project in Rotterdam while highlighting increased liquefied natural gas production and improved trading results [1] Group 1 - Shell expects a $600 million hit in the third quarter from abandoning its biofuels project in Rotterdam [1] - The company is flagging higher liquefied natural gas production [1] - Shell reported better trading results [1]

Discount retailer B&M on Tuesday forecast a 28% plunge in first-half core earnings and lower annual profit, and said it would take actions including price adjustments to return its UK sales to growth. ...

格隆汇10月7日｜壳牌公布第三季度展望：液化天然气产量预计为700万至740万吨；上游业务产量预计 为每日179万至189万桶油当量；综合天然气业务产量预计为每日91万至95万桶油当量；化工与成品业务 炼油利润指标为每桶11.6美元。 ...

The following is an update to the third quarter 2025 outlook and gives an overview of our current expectations for the third quarter. Outlooks presented may vary from the actual third quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on October 30, 2025. Unless otherwise indicated, all outlook statements exclude identified items.  See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure. Integrated Gas $ billio ...

Shell Plc.’s LNG Canada is currently on track to load its first liquefied natural gas cargo from the facility’s second unit as soon as this week as the project continues to ramp up in the next month, according to people familiar with the matter https://t.co/Mw2MaHjBUM ...