Shell issues third quarter update note
London, October 07, 2024, (Oilandgaspress) –––The following is an update to the third quarter 2024 outlook and gives an overview of our current expectations for the third quarter. Outlooks presented may vary from the actual third quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on
October 31, 2024. Unless otherwise indicated, all outlook statements exclude identified items.
Integrated Gas
$ billions Q3’24 Outlook Comment
Adjusted EBITDA:
Production (kboe/d) 920 – 960
LNG liquefaction
volumes (MT) 7.3 – 7.7
Underlying opex 1.1 – 1.3
Adjusted Earnings:
Pre-tax depreciation 1.2 – 1.6
Taxation charge 0.8 – 1.1
Other Considerations:
Trading & Optimisation results are expected to be in line with Q2’24.
Upstream
$ billions Q3’24 Outlook
Adjusted EBITDA:
Production (kboe/d) 1,740 – 1,840
Underlying opex 1.9 – 2.5
Adjusted Earnings:
Pre-tax depreciation 2.3 – 2.9
Taxation charge 2.0 – 2.8
Other Considerations:
The share of profit / (loss) of joint ventures and associates in Q3’24 is expected to be ~$0.1
billion. Q3’24 exploration well write-offs are expected to be ~$0.1 billion.
Information Source: Read Press Release
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