Shell plc used its global energy trading prowess in the first quarter to offset the impact of low commodity prices, with Australia LNG output lifting overall production.

The No. 1 global natural gas trader delivered a “robust operational performance, against a backdrop of ongoing volatility, while continuing to provide vital supplies of secure energy,” CFO Sinead Gorman said. She discussed the quarterly performance with investors during a conference call on Thursday.

“Despite a less favorable macro environment than last quarter, we delivered another set of strong results,” Gorman said. “Our performance is due to our well positioned, resilient portfolio and improved operational delivery.”

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