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Shell reveals forecasts for Upstream production

Oil&Gas Materials 7 October 2022 18:19 (UTC +04:00)
Shell reveals forecasts for Upstream production
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, October 7. Upstream production by Royal Dutch Shell is expected to be between 1,750 and 1,850 thousand barrels of oil equivalent per day in Q3, 2022, Trend reports via the company.

Underlying Opex is estimated at $2.5 and $2.9 billion, while the share of profit of joint ventures and associates is expected to include a gain between $0.5 and $0.7 billion relating to storage transfer effects.

Adjusted EBITDA is forecast to include non-cash one-off gains between $0.8 and $1.0 billion.

Pre-tax depreciation is expected to be between $3.0 and $3.4 billion. Taxation charge is expected to be between $3.4 and $4.0 billion, which includes a one-off release of non-cash tax provision of approximately $0.3 billion.

Marketing results are expected to be higher than the second quarter 2022. Underlying Opex is expected to be between $2.0 and $2.2 billion. Sales volumes are expected to be between 2,350 and 2,750 thousand barrels per day.

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