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.

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.

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.