EL7.AI
StocksMediumUpdated×2•Originally published 7 October 2026•Updated 7 October 2026•
1 min read

Shell Hikes Q3 Gas Production Guidance to 780,000 Boed

Key Facts

1Shell expects higher liquefied natural gas production and oil refining margins for the third quarter.
2The company announced a $300 million asset write-off in its pre-results financial update.

Shell raised its Q3 2026 integrated gas production forecast to between 740,000 and 780,000 barrels of oil equivalent per day (boed). According to a company financial update, this range marks a significant increase from the previous estimate of 570,000 to 630,000 boed. The company also expects higher oil refining margins despite announcing a $300 million non-cash asset write-off in its upstream segment.

SHEL closed at $97.62 on October 6, 2026, with the stock trading between a low of $96.1 and a high of $98.25 during the session. Seeking Alpha reported that the update signals margin recovery and volume growth in the integrated gas segment ahead of the official quarterly earnings release.

Latest Updates · 2

  1. Notable·

    Update: Shell expects its indicative refining margins to reach $42 a barrel in the third quarter of 2026. This marks a significant increase from the $24 per barrel recorded in the second quarter, though the financial update noted a decline in chemicals margins.

  2. Notable·

    Update: Shell's refining margins surged to $42 a barrel in the third quarter of 2026, up from $24 in the second quarter. This increase was driven by market volatility linked to the conflict in the Middle East.