SHELL PLC Reports Second Quarter Earnings for FY2023 on June 30th
August 4, 2023
🌥️Earnings Overview
On June 30th, 2023, SHELL PLC ($NYSE:SHEL) released their financial results for the second quarter of FY2023. Revenue totaled USD 74.6 billion, a 25.5% decrease compared to Q2 of FY2022. Net income was USD 3.1 billion, which was 82.6% lower than the same quarter in the prior year.
Stock Price
The market reacted with a dip in company stock prices, opening at $61.6 and closing at $60.8 at the end of the day. This represented a 2.9% decrease from the previous closing price of $62.6. While these numbers show signs of strength for SHELL PLC, investors may have been disappointed by the company’s failure to meet financial analysts’ estimates.
Despite not meeting analysts’ estimates, it is clear that SHELL PLC has managed to increase both their total revenue and net income in their second quarter earnings for FY2023. With a strong stock performance even after taking a 2.9% dip, investors and shareholders can remain optimistic about the company’s future growth prospects. Live Quote…
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% |
Analysis
GoodWhale has conducted an analysis of SHELL PLC‘s financials and has classified them as ‘Cheetah’. Cheetah companies have high revenue or earnings growth, but are considered to be less stable due to lower profitability. Investors who may be interested in such a company are those who are comfortable with higher risk, as the potential rewards could be greater. When assessing SHELL PLC, our team found that it is strong in terms of asset and medium in dividend, growth, and profitability. Additionally, SHELL PLC has a high health score of 9/10 with regard to its cashflows and debt, meaning it is capable of safely riding out any crisis without the risk of bankruptcy. This is a positive sign for any investor considering making an investment in SHELL PLC. More…
Summary
Analysts studying SHELL PLC for potential investment opportunities received bad news on June 30, 2023 when the company reported their second quarter earnings for FY2023. Total revenue was down 25.5% year-over-year, and net income was down 82.6%. This marks a significant decline in profitability over the previous year and could be an indicator of underlying issues with the company. Investors should proceed with caution when considering a position in SHELL PLC based on this information.
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