The company said trading in its core integrated gas division is expected to be significantly lower than in the first quarter. The warning follows a period of volatility in global gas prices.

Shell trimmed the second-quarter outlook for its integrated gas division output and liquefied natural gas production and guided for weaker trading results in a quarterly update published on Monday ahead of full results.

Key Takeaways Shell warned second-quarter Integrated Gas production and earnings to be lower than last quarter.The energy giant said Integrated Gas trading and optimization of would be "significantly lower" than in the first quarter.