The quarter has been plagued by operational issues in upstream and downstream as well as a weakening macro (chemicals, refining and gas). The slowdown in Asia seems to have a more severe impact on Shell than its European peers, due to the group’s geographical exposure (e.g. 30% of the chemicals sales volumes are sold in Asia). While the weak outlook in chemicals could persist, we remain positive on Shell’s ability to deliver once the operational performance comes back.
01 Aug 2019
Q2: operational issues and weaker macro impact the quarter
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2: operational issues and weaker macro impact the quarter
Shell Plc (SHEL:LON) | 2,842 -127.9 (-0.2%) | Mkt Cap: 182,173m
- Published:
01 Aug 2019 -
Author:
Kevin VO -
Pages:
3
The quarter has been plagued by operational issues in upstream and downstream as well as a weakening macro (chemicals, refining and gas). The slowdown in Asia seems to have a more severe impact on Shell than its European peers, due to the group’s geographical exposure (e.g. 30% of the chemicals sales volumes are sold in Asia). While the weak outlook in chemicals could persist, we remain positive on Shell’s ability to deliver once the operational performance comes back.