Shell PLC's Q4 results show a mixed picture, with strong trading and production offsetting downstream and renewables weakness, says Piper Sandler analyst.
Shell reported Q4 FY23 results with revenue of $78.73B, missing expectations. Adjusted earnings per ADS were $2.22, above consensus. Share buyback and dividend increase announced. FY24 outlook includes cash capital expenditure of $22B-$25B.
Companies Reporting Before The Bell
• ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter.
• Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.