Shell plc 3rd quarter 2023 unaudited results
Shell plc 3rd quarter 2023 unaudited results summary of unaudited results quarters $ million nine months q3 2023 q2 2023 q3 2022 %¹ reference 2023 2022 % 7,044 3,134 6,743 +125 income/(loss) attributable to shell plc shareholders 18,887 31,899 -41 6,224 5,073 9,454 +23 adjusted earnings a 20,944 30,055 -30 16,336 14,435 21,512 +13 adjusted ebitda a 52,204 63,689 -18 12,332 15,130 12,539 -18 cash flow from operating activities 41,622 46,009 -10 (4,827) (3,015) (5,049) cash flow from investing activities (12,080) (15,530) 7,505 12,116 7,490 free cash flow g 29,542 30,479 5,649 5,130 5,426 cash capital expenditure c 17,280 17,515 10,097 9,653 9,359 +5 operating expenses f 29,062 28,363 +2 9,735 9,607 9,893 +1 underlying operating expenses f 28,635 28,419 +1 12.0% 11.6% 17.3% roace on a net income basis d 12.0% 17.3% 12.5% 13.4% 14.7% roace on an adjusted earnings plus non-controlling interest (nci) basis d 12.5% 14.7% 82,147 84,366 81,990 total debt e 82,147 81,990 40,470 40,310 48,343 net debt e 40,470 48,343 17.3% 17.3% 20.3% gearing e 17.3% 20.3% 2,706 2,731 2,766 -1 total production available for sale (thousand boe/d) 2,779 2,875 -3 1.06 0.46 0.93 +130 basic earnings per share ($) 2.78 4.29 -35 0.93 0.75 1.30 +24 adjusted earnings per share ($) b 3.08 4.04 -24 0.3310 0.3310 0.2500 — dividend per share ($) 0.9495 0.7500 +27 1.q3 on q2 change quarter analysis1 income attributable to shell plc shareholders, compared with the second quarter 2023, mainly reflected higher refining margins, higher realised oil prices, higher lng trading and optimisation results, and higher upstream production, partly offset by lower integrated gas volumes. third quarter 2023 income attributable to shell plc shareholders also included impairment charges, largely offset by favourable movements due to the fair value accounting of commodity derivatives.
