Shell PLC (NYSE: SHEL) reported a third-quarter FY23 revenue decline of 20.3% year-over-year to $76.35 billion, missing the consensus of $82.96 billion.
Adjusted earnings per ADS for the quarter was $1.86, above the consensus of $1.83.
Net income attributable to Shell plc shareholders increased by 4.5% Y/Y to $7.04 billion and +125% sequentially.
The company stated that the sequential increase mainly reflects higher refining margins, higher realized oil prices, higher LNG trading and optimization results, and higher Upstream production, partly offset by lower Integrated Gas volumes.
Adjusted earnings increased 23% sequentially, and Adj. EBITDA increased 13% Q/Q to $16.34 billion (-24% ...