Shell Warns on Earnings, Cuts Production Outlook
The Wall Street Journal|January 09, 2025
Shell warned of significantly lower earnings in its integrated gas division and cut production guidance across its oil and gas segments.
ADAM WHITTAKER
Shell Warns on Earnings, Cuts Production Outlook

The London-based energy giant said Wednesday that it expects earnings from its core integrated gas division to fall significantly in the fourth-quarter compared with the previous one due to expiring hedging contracts. The division reported $2.87 billion in adjusted earnings in the third quarter.

In a trading update ahead of its earnings due on Jan. 30, Shell said it expects to book a noncash posttax impairment of between $1.5 billion and $3.0 billion owing to macroeconomic and operational changes.

The impairment includes an up to $1.2 billion charge in its renewables and energy solutions division. Cash flow from operations is also expected to take a $1.3 billion hit due to emission-permit payments in Germany and the U.S., which are normally payable in the fourth-quarter, the company said.

この記事は The Wall Street Journal の January 09, 2025 版に掲載されています。

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この記事は The Wall Street Journal の January 09, 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。