Shell expects its gas performance to beat previous guidance in Q1, despite expectations of a significant fall from the previous quarter.
The energy giant released updated guidance on Friday morning ahead of its quarterly results next month.
Shell is targeting around 960k-1m barrels of oil equivalent (boe/d) in the first quarter, up from 930k-990k in the previous quarter and 901k in Q3 2023.
The company is expected trading results "to be strong" but "significantly lower" than the £1.1bn in the final part of 2023.
Taxation in its upstream division is expected to be between £1.6bn and £2.2bn, but no update was provided on the expected performance of the renewables and energy solutions division, which is forecast to make between a £79m loss and a £396m profit.
Trading in its chemicals and products division is set to be significantly higher than the quarter previous.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 74-points, at 7,900, shortly after opening this morning.
Brent crude oil futures were up 0.52%, trading at $91.12 a barrel.