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Shell Refining and Production Highlights

ENERGY

Shell refining and production: Shell said its refinery utilization would increase to 90-98% in the third quarter, compared with 84% in the second quarter.

  • Refining profit margins tripled in the Q2 to $28 per barrel
  • Its oil and gas production in the second quarter was down 2% from the previous quarter to 2.9 million barrels of oil equivalent per day (boepd).
  • Shell's LNG liquefaction volumes stood at 7.66 mn tonnes in Q2, down from 8 million in Q1. Volumes are expected to fall to between 6.9-7.5 million in the third quarter due to strikes at Shell’s Australian Prelude site and planned maintenance.
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Shell refining and production: Shell said its refinery utilization would increase to 90-98% in the third quarter, compared with 84% in the second quarter.

  • Refining profit margins tripled in the Q2 to $28 per barrel
  • Its oil and gas production in the second quarter was down 2% from the previous quarter to 2.9 million barrels of oil equivalent per day (boepd).
  • Shell's LNG liquefaction volumes stood at 7.66 mn tonnes in Q2, down from 8 million in Q1. Volumes are expected to fall to between 6.9-7.5 million in the third quarter due to strikes at Shell’s Australian Prelude site and planned maintenance.