The energy giant said it expects to report significantly lower earnings in its integrated gas division and warned of a $1.3 billion charge due to emissions-permit payments in the fourth quarter.

Shell ( NYSE: SHEL) trimmed its Q4 forecast; reduced its LNG production forecast to between 6.8 and 7.2 million metric tons, down from a previous estimate of 6.9 to 7.5 million metric tons, and lower than Q3's 7.5 million metric tons. It sighted lower feedgas deliveries and fewer cargos shipments.

Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets

Shell has cut its liquefied natural gas production forecast for the fourth quarter of 2024 and warned that results from its trading business will be lower than in the third quarter. The UK oil major,

Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.