For its integrated gas division, Shell gave production guidance of 900,000 to 940,000 barrels of oil equivalent per day (boed), compared to a 890,000 to 950,000 boed range given as part of its first-quarter results.
LNG production is set to come in at 6.4 million to 6.8 million metric tons in the second quarter, compared to a previous range of 6.3 million to 6.9 million tons.
A Shell spokesperson declined to comment when asked for details on the reasons behind the trimmed production guidance.
The world's biggest LNG trader also said that trading results in its integrated gas division would be significantly lower than in the first quarter.
Shell is targeting a 4% to 5% annual increase in LNG sales over the next five years and 1% annual production growth.
It, meanwhile, lifted the lower end of its guided output from its oil-focused upstream division to 1.66 million to 1.76 million boed from 1.56 million to 1.76 million boed. The unit is expected to record a $200 million write-off for exploration.
In its marketing division, adjusted earnings are set to be higher in the second quarter than in the first quarter, on sales volumes of 2.6 million to 3 million barrels per day (bpd), slightly below the previous guidance of 2.6 million to 3.1 million bpd.
Shell expects to make a loss in its chemicals business, impacted by unplanned maintenance at its U.S. Monaca plant. Trading in its chemicals and products business was significantly lower than in the first quarter, with the division overall not expected to break even.
Shell is due to publish full second-quarter results on July 31.
(Reuters, July 7, 2025)