Shell raises guidance for Q2 integrated gas production
Shell said gas trading results are set to be significantly higher as Pearl GTL remains offline after attack damage.
- On Tuesday, Shell raised its integrated gas production guidance for the second quarter despite ongoing output disruptions in Qatar caused by the Middle East conflict.
- Production at Shell's Pearl gas-to-liquids facility in Qatar remained offline since mid-March following attacks, representing about 10% of the company's global oil and gas volumes.
- Second-Quarter integrated gas output is projected between about 610,000 and 650,000 barrels of oil equivalent per day, down around 30% from the 909,000 boed produced in the first quarter.
- Gas trading results are set to be "significantly higher" than the first quarter, while oil trading profits remained in line with strong prior results, Shell said.
- Shell shares faced recent volatility as oil prices recovered to around $73 a barrel, with final second-quarter results scheduled for publication on July 30, 2026.
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Shell once again achieved strong trading results in the second quarter despite the turmoil in the oil and gas market caused by the Iran war. Shell reports this in a preliminary update on the past three months. However, Shell's gas production fell sharply due to damage to a major gas complex of the company in Qatar caused by an Iranian attack in March.
Shell raises guidance for Q2 integrated gas production
Shell has today raised its guidance slightly for its integrated gas production in the April-June quarter, though output is expected to be sharply lower than in the first quarter because of effects from the Middle East conflict.
The Toronto Star
Shell second quarter 2026 update note
The following is an update to the second quarter 2026 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2026 results and are subject to finalisation of…
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