Per Shell (SHEL), second-quarter LNG liquefaction volumes are expected to go down around 7.7% sequentially, but marketing sales volumes are scheduled to improve.
The company is concerned about a possible glut of biofuels made in America after the Inflation Reduction Act.
Shell (SHEL) remains committed to achieving its net-zero emissions target by 2050 despite abandoning several renewable projects to focus on its more profitable ventures, primarily in oil and gas.