SHELL PLC Reports Q2 FY2023 Earnings with Revenue of USD 74.6 Billion, Down 25.5% Year-on-Year
July 28, 2023
🌥️Earnings Overview
On July 27 2023, SHELL PLC ($NYSE:SHEL) reported their second quarter Fiscal Year 2023 earnings results, showing a total revenue of USD 74.6 billion, a decrease of 25.5% compared to the same quarter in the prior year. Net income was USD 3.1 billion, a decline of 82.6% year-on-year.
Analysis
GoodWhale has conducted an analysis of SHELL PLC‘s wellbeing in order to measure the company’s strength and sustainability. The results of the assessment showed that the company has a high health score of 9 out of 10, indicating its strong cash flows and manageable debt. Additionally, SHELL PLC was classified as a ‘cheetah’ due to its high revenue or earnings growth. However, the company was considered less stable due to lower profitability. This type of company may be attractive to investors who are looking for high-growth potential with some risk. SHELL PLC is relatively strong in asset and is medium in dividend, growth, and profitability. Despite its lower profitability, the company is still poised to sustain its operations during times of crisis. Investors should take into consideration all the elements before investing in the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Shell Plc. More…
| Total Revenues | Net Income | Net Margin |
| 358.59k | 29k | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Shell Plc. More…
| Operations | Investing | Financing |
| 64.23k | -19.22k | -39.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Shell Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 415.03k | 222.94k | 56.56 |
Key Ratios Snapshot
Some of the financial key ratios for Shell Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 40.1% | 14.4% |
| FCF Margin | ROE | ROA |
| 11.6% | 16.8% | 7.8% |
Summary
SHELL PLC‘s second quarter earnings report for FY2023 revealed a significant decrease in total revenue and net income year-over-year. Total revenue dropped by 25.5%, coming in at USD 74.6 billion, with net income dropping by an even more significant 82.6%, amounting to USD 3.1 billion. This may be cause for concern for investors, as it suggests SHELL PLC’s operations are becoming increasingly less profitable. However, investors should be aware of the current macroeconomic conditions which may have contributed to the decrease in performance and consider the company’s long-term strategy before making any decisions.
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