Shell Lowers Gas Production Guidance After Unplanned Maintenance Hit Volumes

By Dominic Chopping

Shell lowered its integrated gas production estimate for the first quarter as volumes were hit by unplanned maintenance.

The London-based energy giant said Monday that maintenance in Australia, among other regions, means that gas production in the quarter should be between 910,000 and 950,000 barrels of oil equivalent a day, from a previous estimate of 930,000 to 990,000 barrels.

The updated guidance range would still mark an increase from the 905,000 barrels it produced in the fourth quarter of 2024.

The company expects to report a first-quarter corporate adjusted loss of between $400 million and $600 million.

Write to Dominic Chopping at dominic.chopping@wsj.com