1147 GMT - Shell is among the most mentioned companies across news items over the past six hours, according to Factiva data, after the London-based energy giant said its fourth-quarter earnings will be dented by impairments between $2.5 billion and $4.5 billion. Shell said the charges were primarily due to macro developments and portfolio choices, including its Singapore chemicals and products assets, which it is looking to offload. However, this is expected to be offset by significantly higher on-quarter trading gains from the integrated gas segment, while the upstream--the extraction of crude oil and natural gas--and liquefied natural gas output are expected to meet the quarterly targets. Conversely, significantly lower chemicals trading is anticipated to drag earnings in the opposite direction, the company said. Dow Jones & Co. owns Factiva. (christian.moess@wsj.com)

(END) Dow Jones Newswires

January 08, 2024 07:04 ET (12:04 GMT)

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