Shell Sees Strong Natural-Gas Production in Third Quarter
- Outages and supply concerns add volatility to gas market
- Oil refining margin fell 29% during the period, company says
The Shell Pernis refinery in Rotterdam.
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Shell Plc saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.
Integrated gas production during the period was likely 920,000-960,000 barrels of oil-equivalent a day, in line with second-quarter output, the company said in a trading update Monday.