The following is an update to the second quarter 2024 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on August 1, 2024. Unless otherwise indicated, all outlook statements exclude identified items.
Integrated Gas:
Adjusted EBITDA:
Production (kboe/d): 940 - 980
LNG liquefaction volumes (MT): 6.8 - 7.2
Underlying opex: 1.0 - 1.2
Adjusted Earnings:
Pre-tax depreciation: 1.2 - 1.6
Taxation charge: 0.8 - 1.1
Other Considerations:
Trading & Optimisation results are expected to be in line with Q2’23, but lower compared to Q1’24 due to seasonality.
Adjusted EBITDA:
Production (kboe/d): 1,720 - 1,820
Underlying opex: 2.1 - 2.7
Adjusted Earnings:
Pre-tax depreciation: 2.5 - 2.9
Taxation charge: 1.8 - 2.6
Other Considerations:
The share of profit / (loss) of joint ventures and associates in Q2’24 is expected to be ~$0.2 billion. Q2’24 exploration well write-offs are expected to be ~$0.2 billion.
