Shell second quarter 2022 update note
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500 Indicative refining margin The indicative margin is an approximation of Shell’s global net realised refining margin, calculated using price and margin markers from third parties’ databases. It is based on an approximation of Shell’s crude intake and production from refinery units. The actual margins realised by Shell may vary due to factors including specific local market effects, refinery configuration, crude diet, operating decisions and production. Q1 2021: $2.65/bbl Q3 2020: $0.84/bbl Calculation formula ($/bbl) – note that brackets indicate a negative sign Brent*(25%) + MS...
Shell provides first quarter 2021 update note 07 Apr 2021 Shell has provided an update to the first quarter 2021 outlook provided in the fourth quarter results announcement on February 4, 2021. The impacts presented here may vary from the actual results and are subject to finalisation of the first quarter 2021 results. Unless otherwise indicated, presented impacts relate to Adjusted Earnings on a post-tax basis. The Texas winter storm had an impact on our operations and is expected to have an aggregate adverse impact of up to $200 million on Adjusted Earnings, individual segmental impacts ar...