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 expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.

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.