Shell Forecasts Significant Decrease in Gas Trading Performance for Q1 2024

Friday, 5 April 2024, 10:18

Shell projects a notable drop in gas and power trading results for the first quarter of 2024, following exceptionally high performance in the fourth quarter of 2023. This forecast indicates a substantial shift in profitability within a short timeframe, possibly influencing market perceptions of Shell's financial outlook.
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Shell Forecasts Significant Decrease in Gas Trading Performance for Q1 2024

Shell Expectations in Gas Trading

Shell has announced a projected decline in its gas and power trading results for the first quarter of 2024. The anticipated decrease follows the remarkable performance the company experienced in the fourth quarter of 2023, which significantly impacted its financial results.

Comparing Q1 and Q4 performances

  • Q4 2023: Shell reported exceptional results in gas trading, boosting its overall financial performance.
  • Q1 2024: The upcoming quarter is expected to show significantly lower results compared to the previous quarter.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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