Shell announced this in its second-quarter update note on Tuesday, but it did not provide further details.
The company’s integrated gas segment reported adjusted earnings of $1.82 billion in the first quarter.
Adjusted earnings dropped from $2.48 billion in the comparable quarter but they rose from $1.66 billion in the prior quarter.
Overall, Shell’s adjusted earnings reached $6.91 billion in the first quarter, up from $5.58 billion in the comparable quarter in 2025.
Liquefaction volumes
Shell also said in the quarterly update that it expects liquefaction volumes to reach 7.4–7.8 million tonnes in the second quarter.
The company previously expected liquefaction volumes to reach approximately 6.8–7.4 million tonnes in the second quarter-
Liquefaction volumes of 7.86 million tonnes in the first quarter were higher compared to 6.60 million tonnes in the comparable quarter and 7.81 million tonnes in the prior quarter.
Gas production
Shell expects integrated gas production to reach 610–650 kboe/d in the second quarter, while upstream production is expected to be 1,750–1,850 kboe/d.
The company previously expected gas production to be between 580-640 kboe/d and upstream production to be between 1,620–1,820 kboe/d.
Shell said the expected gas production “reflects the impact of the Middle East conflict on Qatari volumes.”
Shell’s results are scheduled for publication on July 30.
