Shell flags output hit from Iran war, but much higher trading profits

Shell said first-quarter gas production will fall quarter-on-quarter due to disruption linked to the war, reducing near-term output. This operational setback is a negative near-term update that could weigh on Shell's Q1 volumes and revenue and exert modest pressure on regional gas markets and the stock.

Analysis

Shell said first-quarter gas production will fall quarter-on-quarter due to disruption linked to the war, reducing near-term output. This operational setback is a negative near-term update that could weigh on Shell's Q1 volumes and revenue and exert modest pressure on regional gas markets and the stock.