Shell Reaffirms Employee Safety in Qatar as Top Priority
On Thursday, Shell issued a statement regarding its operations in Qatar, reaffirming the safety of its employees and subcontractors as a major priority. The oil company continues its cooperation with local authorities, partners, and clients.
Shell states that the safety and protection of its employees and subcontractors are its highest priority. The company maintains close collaboration with local authorities, business partners, and clients concerning its operations in Qatar.
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Shell specifies that additional updates will be communicated later via its website shell.com.
« Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion. »
Risks mentioned
Middle East conflict impact on Qatari volumes, reducing total oil and gas production by 17% year-on-year for nine months
European biogas asset impairment of $2,098 million (identified items in nine months 2026) reflecting revised market expectations
Identified items totalling $1,201 million net loss for nine months 2026, including impairments and fair value movements on derivatives
Opportunities identified
ARC Resources acquisition adds approximately 370 kboe/d immediately upon completion on September 2, 2026
LNG Canada Phase 2 investment decision taken with expected commercial operations in early 2030s, expanding capacity to 28 mtpa
Multiple strategic divestments generating proceeds ($3.5 billion in nine months 2026) to support capital discipline and debt management
Outlook / guidance
Management commentary: Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion
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