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Jan 8, 2026 8:00 AM

Shell Flags Chemicals Losses And Lower Trading Gains

Shell PLC (NYSE:SHEL) released an update to its fourth-quarter 2025 outlook on Wednesday, outlining current expectations across its operating segments ahead of full results scheduled for February 5, 2026.

Upstream & Integrated Gas Segments

The oil giant tightened the guidance for production at Integrated Gas to around 930 – 970 thousand boe/d (versus the prior outlook of 920, 980 thousand boe/d).

The company expects Trading & Optimisation to be at par with the third quarter of fiscal 2025 in the Integrated Gas segment.

On the other hand, Shell revised the LNG liquefaction volumes forecast to 7.5 – ...