Shell Updates Q2 Guidance: Upstream OPEX $2.2B-$2.6B, Production 1.75M-1.85M Boe/D

Hyperdash News07/07/2026 06:23 UTCEquities

Shell updated its second-quarter guidance, forecasting upstream underlying operating expenses of $2.2 billion to $2.6 billion. The company projects upstream production at 1.75 million to 1.85 million barrels of oil equivalent per day. Shell also anticipates higher gas trading results in Q2 compared to Q1.

This guidance provides a revised outlook for Shell's operational costs and output, which can influence investor expectations for profitability. The expected improvement in gas trading results suggests a potential tailwind for the company's earnings. Traders on Hyperdash have moved

WTI Crude up +0.07%,

Brent Crude up +0.09%, and

Natural Gas up +0.56% since the news.

Sources

First Squawk

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