Shell has started publishing quarterly updates, in addition to its quarterly results, in response to demand from investors.
The first update, published today, applies to the company’s third quarter operations.
Shell’s third quarter results, including key financial indicators, will be presented on October 31.
Jessica Uhl, CFO of Shell said: “In response to feedback from our investor community we are introducing this new quarterly process.
“This is a further step in Shell’s ongoing journey to enhance disclosures and increase transparency”.
The firm expects Q3 production of between 2.6-2.65 million barrels of oil equivalent per day.
During the third quarter, there were additional well write-offs in the range of $250-$350 million compared to Q3 2018, for which no cash impact is expected.
Corporate earnings excluding identified items are expected to be a net charge between $700 – 850 million, this excludes the impact of currency exchange rate effects.
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