Shell Flags Weaker Q4 LNG Output and Significantly Lower Trading

Shell expects its LNG production and trading and oil trading businesses to book significantly lower results for the fourth quarter of 2024, due to seasonality and timing of lifting, the UK-based supermajor said on Wednesday. For the third quarter, Shell booked better-than-expected earnings on the back of strong performance in its gas division which offset weak refining margins in the downstream business.

Now previewing the fourth-quarter results, the international oil and gas firm expects to book on a group level a charge of $1.3 billion for Q4,…