Shell said it expects its second-quarter performance to be hit by weaker trading in its core integrated gas division, prompting a decline in its shares by around 3% on Monday.The British energy company said trading in the division–which includes its market-leading liquefied-natural-gas business–is expected to be “significantly lower” than in the first quarter.

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.

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.