July 28, 2022 08:43 GMT
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.