Shell PLC raised its second-quarter guidance for liquefied natural gas (LNG) liquefaction volumes to between 7.4 and 7.8 million tonnes.
The company increased its upstream production forecast. Integrated gas trading results are expected to be significantly higher than the first quarter.
Refining margins are projected at nearly $20 per barrel with high utilization rates.
Shell confirmed the $1.0 billion sale of its South African retail fuel business to Adnoc.
Company shares rose between 2.8% and 3.2% following the announcement.