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Shell Stock Falls on Forecast of Q4 Integrated Gas Output Slump
SHELShell Global(SHEL) Investopedia·2025-01-08 11:27

KEY TAKEAWAYSShell shares are falling in premarket trading Wednesday after the oil giant said it expects to post a large quarter-over-quarter production slump in its integrated gas division.The London-based energy firm attributed the forecast to the expiration of hedging contracts.Shell also said it expects write-offs of around $300 million in the division. Shell (SHEL) shares are falling 2% in premarket trading Wednesday after the oil giant said it expects to post a large quarter-over-quarter production sl ...