Weaker Refining, Gas Trading to Hit Shell’s Third-Quarter Results

Weaker Refining, Gas Trading to Hit Shell’s Third-Quarter Results
A logo of Royal Dutch Shell at Gastech, the world's biggest expo for the gas industry in Chiba, Japan, on April 4, 2017. Toru Hanai/Reuters
Reuters
Updated:

LONDON—Shell said on Thursday its third-quarter profit would be pressured by a near halving of oil refining margins, crumbling chemical margins, and weaker natural gas trading.

The British energy giant reported two consecutive quarters of record profit in the first half of the year amid soaring oil and gas prices, and stellar earnings from its trading operations, the world’s biggest.