Shell expects Texas storm to have as much as $200 million hit on first-quarter earnings By Reuters
© Reuters. FILE PHOTO: A Shell signal is pictured close to Nowshera
LONDON (Reuters) – Royal Dutch Shell (LON:) stated on Wednesday it anticipated its first-quarter adjusted earnings to see successful of as much as $200 million as a result of an excessive chilly snap in Texas within the quarter.
In an replace forward of first-quarter outcomes due April 29, Shell, the world’s greatest gasoline retailer, stated it noticed refined oil product gross sales at between 3.7 and 4.7 million barrels per day (bpd) for the primary quarter. (Graphic: Shell gasoline merchandise gross sales, https://graphics.reuters.com/SHELL-EMISSIONS/xlbvgxnadpq/chart.png)
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