Shell PLC

SHEL: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 7,466.00	Nffpc	Ynhpnnhd

Shell Earnings: Little of Note After Positive Strategic Reset in June

Allen Good

Jul 27, 2023

No-moat Shell's adjusted second-quarter earnings fell to $5.1 billion from $11.5 billion the year before on lower oil and gas prices, lower production volumes, and weaker refining margins. Total production fell to 2,731 thousand barrels of oil equivalent per day from 2,898 mboe/d last year largely because of divestments.

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