September 30, 2019 / 6:59 AM / 20 days ago

Shell initiates quarterly outlook, sees higher third-quarter LNG output

FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) on Monday introduced a quarterly outlook, forecasting higher liquefied natural gas output and charges of up to $850 million for the third quarter.

Chief Financial Officer Jessica Uhl said that after discussions with investors, the Anglo-Dutch energy company would release outlooks ahead of quarterly results “to enhance disclosures and increase transparency”.

The company reports third-quarter results on Oct. 31.

Shell in August said its second-quarter profit slumped to a 30-month low on weaker gas prices and refining margins, denting a steady recovery in recent years.

For the third quarter, Shell said:

Reporting by Muvija M in Bengaluru and Ron Bousso in London; Editing by Clarence Fernandez and Aditya Soni

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