Shell braces for Q3 impact

Shell’s LNG and oil production volumes took a hit in the third quarter, as hurricanes buffeted upstream production in the Gulf of Mexico, while the low realised prices on its oil-linked LNG contracts finally took a hit from the typical months-long price lag.

Shell braces for Q3 impact Shell braces for Q3 impact Shell braces for Q3 impact Shell braces for Q3 impact Shell braces for Q3 impact

It has also flagged another round of impairments worth up to US$1.5 billion, following last quarter's $16.8 billion of impairments.