Mood of unrelenting unhappiness...
In a recent quarterly trading update, Shell, the world's largest LNG trader, has revised its forecast for the second quarter, particularly for its integrated gas segment and LNG production. The British energy giant has indicated a reduction in output compared to previous expectations, a move that reflects the current volatility in the market and weaker trading performance in gas and LNG.
Despite the trimmed Q2 outlook, there is no explicit data available in the search results about Shell's Q2 2021 forecasts for integrated gas and LNG production compared to Q1 2021. However, it is worth noting that Shell has shown a tendency to adjust its gas and LNG output forecasts downward under volatile conditions, a sign of the company's sensitivity to market conditions.
In the first quarter, Shell's forecast range for the integrated gas segment was 890,000 to 950,000 barrels. For the oil business (upstream segment), Shell has raised the lower end of its production forecast to 1.56 to 1.66 million barrels per day.
The marketing segment of Shell expects an adjusted result of 2.6 to 3 million barrels per day in the second quarter, slightly below the previous forecast of up to 3.1 million barrels. LNG production by Shell is expected to be between 6.4 and 6.8 million tonnes in the second quarter, slightly below the previous range of 6.3 to 6.9 million tonnes.
Elsewhere in its operations, Shell anticipates a loss in the chemicals business due to unplanned maintenance work at the US plant in Monaca. Conversely, the company's share is considered well-positioned for the long term, with a solid balance sheet, high reserves, and a good cost structure.
Shell's share is trading at an attractive valuation, and the dividend yield is high. The company's WKN is A3C99G. For precise Q2 2021 forecasts and comparisons, reviewing Shell’s official Q1 and Q2 2021 earnings reports or investor presentations would be necessary. Additionally, a write-off of around $200 million is expected in the exploration area of Shell's oil business.
Shell's Q2 2021 forecast for LNG production might be lower compared to Q1 2021, given the company's penchant for adjusting its LNG output forecasts in volatile market conditions. The exact figures for Shell's Q2 2021 LNG production compared to Q1 2021 can be found inShell's official Q1 and Q2 2021 earnings reports or investor presentations.
In terms of finance, Shell's LNG production sector could see a potential decrease in production levels, which might impact its overall financial performance in Q2 2021. A comprehensive understanding of Shell's LNG production forecasts and comparisons will require a review of the company's official Q1 and Q2 2021 earnings reports or investor presentations.
