Shell Expects Weaker Profit For Second Quarter

Shell Plc said its second-quarter results will be impacted by weaker performance from its renowned oil and gas trading operations, Mitchell Ferman reported for Bloomberg News.

The London-based energy giant’s expansive—but secretive—trading arm is typically one of its biggest profit engines. I Photo: Shell

The company expects contributions from trading and optimization to be “significantly lower” in Q2 compared with the first quarter, particularly in its oil and gas trading segments, Shell said in a Monday update that sent its shares falling.

The London-based energy giant’s expansive—but secretive—trading arm is typically one of its biggest profit engines.

CEO Wael Sawan noted in March that Shell’s traders hadn’t posted a loss in a single quarter in over a decade.

According to Press Association business editor Holly Williams, Shell— which recently denied rumors of a potential bid for rival BP — also trimmed the top end of its production guidance for its integrated natural gas division to 900,000–940,000 barrels of oil equivalent per day (boe/d) for the second quarter.

That compares with a previously announced range of 890,000–950,000 boe/d and a Q1 result of 927,000 boe/d.

Shell further stated that trading results for its integrated gas division would be “significantly lower” than in the first three months of 2025, sending shares down 3% in Monday morning trading.