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Shell Q3 update: expects chemical loss, lifts LNG output
Shell (NYSE:SHEL) updated its Q3 guidance, the energy giant expects to lose money in its chemicals business, with refining margins in the segment expected to drop 29% to $5.50 a barrel. The chemicals margin is expected to move higher to $164 per tonne from $155 per tonne in Q2 despite marginal loss estimates for Q3.
Shell Expects Higher LNG Output But Flags Continued Refining Weakness
Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter’s, potentially offsetting continued refining margin weakness.
Shell Flags Weaker Third-Quarter Refining Margins, Chemical Loss
Shell Plc saw refining margins decline in the third quarter and expects to lose money in its chemicals business, a performance that reflects the broader weakening of the economy.
18h
Q3 In Review: Family Office News Roundup 2024
A comprehensive overview of the key family office news and themes in Q3 2024, including wealth management strategies, global ...
1d
Here's how to invest in the Q3 earnings season as profits re-accelerate despite misplaced recession myths
Earnings are set to grow for the fifth consecutive quarter. Here's how investors should allocate their money heading into the ...
2d
on MSN
Q3 pharma and biotech layoffs in charts: More than 1000 each in July and August
An examination of layoffs in pharmaceutical and biotechnology companies in Q3 shows that as the summer progressed, the number ...
16h
Q3 2024 Compliance Updates: Key Employment Laws Impacting Background Checks
Learn about Q3 2024 compliance updates on background checks, including criminal history reform, pay transparency, and AI ...
EconoTimes
4h
Samsung's Q3 Profits Expected to Jump 4X on Chip Demand, but AI Chip Lag Raises Concerns
Samsung Electronics is projected to report a four-fold increase in Q3 operating profit due to recovering chip demand. However ...
11h
Samsung's profit recovery seen weakening in Q3
Operating profit for Samsung, the world's top maker of memory chips, smartphones and TVs, likely stood at 10.33 trillion won ...
19h
Inflation update and the start of Q3 earnings: What to know this week
Investors will be closely tracking quarterly reports from the big banks as third quarter earnings season kicks off.
Upstream
2h
Shell's Q3 outlook shows mixed performance across sectors
UK supermajor Shell has updated its outlook for the third quarter of 2024, showing mixed performance across different sectors ...
GM Authority
7h
U.S. Buick Sales Up Eight Percent Moving 47K Units During Q3 2024
Buick sales grew eight percent to 47,405 units in Q3 2024 in the United States. See Buick USA sales figures, numbers, and ...
2d
S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023
Q3 ’24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th’s financial ...
Digital Photography Review
10d
Leica Q3 43 review
Leica has announced the Q3 43, a variant of its full-frame fixed lens compact with a 43mm F2.0 normal lens. We've had the ...
1d
on MSN
Vietnam Q3 GDP grows 7.4% on robust exports, industrial production
Vietnam's gross domestic product (GDP) grew 7.4% year-on-year in the third quarter on the back of strong exports and ...
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