Shell Plc anticipates a surge in earnings from gas trading in Q4 2023, buoyed by seasonal market dynamics and heightened liquefied natural gas (LNG) production, a pivotal factor in recent profitability.
Conversely, the chemicals and oil products division is expected to incur losses during the same period, signaling a shift in the quarter’s earnings composition.
Despite mixed results in the oil major sector, Shell’s overall Q3 earnings met market expectations, aligning with the ongoing share buyback program and CEO Wael Sawan’s commitment to prioritizing shareholder returns.
The comprehensive Q4 results, set for release on February 1st, 2024, will provide deeper insights into Shell’s financial performance and strategic trajectory.
The company’s gas trading division has proven lucrative amid increased volatility in fuel prices following Russia’s invasion of Ukraine. Shell has adjusted its gas production range and raised liquefaction forecasts, reflecting ongoing adaptability in response to market dynamics.
