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Oct 7, 2025 8:00 AM

Shell Boosts LNG Production Forecast As Refining Margins Surge

Shell plc (NYSE:SHEL) shares were trading higher premarket on Tuesday after the company revised its third-quarter outlook.

The oil giant trimmed the guidance for production at Integrated Gas to around 910 and 950 thousand boe/d (versus the prior outlook of 910 – 970 thousand boe/d).

The company expects Trading & Optimisation to be significantly higher than the second quarter of fiscal 2025 in the Integrated Gas segment.

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On the other hand, Shell raised the LNG liquefaction volumes forecast to 7.0 – 7.4 million metric tons from a previous guidance of 6.7 million, 7.3 million metric tons.

Shell tightened the outlook for the Upstream segment to ...