Shell plc released updated financial outlook for Q2 2025, expecting reduced production in gas and upstream segments and stronger earnings in marketing. Tax, derivative, and working capital fluctuations contribute to overall cash flow uncertainty.
The following is an update to the second quarter 2025 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on July 31, 2025. Unless otherwise indicated, all outlook statements exclude identified items.
