Shell reports unexpected dip in upstream production, LNG output jumps

摘要

London-Shell’s upstream oil and gas production dipped by as much as 2.7% in Q3 2019 compared with a year earlier, while its LNG liquefaction increased by at least 10%, it said Monday in a preliminary disclosure for the quarter. In a partial snapshot of results ahead of its full quarterly earnings statement, Shell put its Q3 upstream production at 2.60 million-2.65 million b/d of oil equivalent, down from 2.67 million boe/d in Q3 2018, without indicating the oil and gas split.