Shell's Q3 Outlook Highlights Record Refining Margins and Increased Gas Production

Wednesday, 7 October 2026, 17:29

Shell's Q3 outlook shows a significant boost, predicting record refining margins and heightened gas production due to market volatility. The company's projections reflect a sharp rise in refining margins to $42/bbl, surpassing Q2's $24/bbl amid a global supply squeeze caused by geopolitical tensions.

Seekingalpha — Shell's Q3 Outlook Highlights Record Refining Margins and Increased Gas Production

Record Refining Margins Expected in Q3

Shell projects its Q3 refining margins to soar to $42/bbl, a record high influenced by ongoing market volatility. This prediction comes amid heightened tensions, including the global supply squeeze resulting from the Iran conflict.

Increased Gas Production Predictions

Alongside rising margins, higher gas production is anticipated. This increase is aligned with Shell's strategic responses to shifting market dynamics and demand for energy solutions.

Q3 Predictions: Record high refining margins
Market Influences: Geopolitical tensions and supply issues
Gas Production: Expected increases align with market demands

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