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Shell flags strong trading, lowers gas output outlook on Iran impact

Shell flags strong trading, lowers gas output outlook on Iran impact

AI Briefing

  • Shell reports Q1 earnings beat, citing strong trading, but reduces gas production outlook due to Iran sanctions impact.
  • Oil trading revenue drives Shell's Q1 results, but company cites reduced gas output due to Iran-related disruptions.
  • Shell cuts forecast for gas production in Q2 and beyond, citing ongoing tensions in the Middle East and impact on global supply.
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