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Shell expects Texas storm to have up to $200 mln hit on Q1 earnings

Wed, 07th Apr 2021 07:08

LONDON, April 7 (Reuters) - Royal Dutch Shell said
on Wednesday it expected its first-quarter adjusted earnings to
see a hit of up to $200 million due to an extreme cold snap in
Texas in the quarter.

In an update ahead of first-quarter results due April 29,
Shell, the world's biggest fuel retailer, said it saw refined
oil product sales at between 3.7 and 4.7 million barrels per day
(bpd) for the first quarter.

(Reporting by Shadia Nasralla; Editing by Andrew Heavens)

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