Shell’s Q1 oil, gas output slides on year as price jump boost earnings
Shell reported weaker first-quarter oil and gas production May 5 and said it expects to see further declines in the current quarter on the back of lower seasonal gas demand and increased maintenance. Posting its highest quarterly earnings in more than a decade, Shell’s said upstream production segment saw volumes fall 14.6% on the year to 2.03 million boe/d in…