RE: Another Absolutely Outstanding Update By The HBR Team9 Mar 2023 07:29
Always amazed that people cannot read basis English. Going to be a fun day ahead. Excellent results, headline will be manipulated.
Increased EBITDAX of $4.0 billion (2021: $2.4 billion) and profit before tax of $2.5 billion (2021: $0.3 billion)
§ Profit after tax of $8 million (2021: $101 million) impacted by a $1.5 billion one off non-cash deferred tax charge associated with the EPL
§ Free cash flow of $2.1 billion (2021: $0.7 billion) after total capital expenditure of $0.9 billion (2021: $0.9 billion) and $551 million of tax payments (2021: $280 million) an FCA, it seems that most people here do not understand the accounts at all. Yes govt thieves have troubled the tax taken but the company operationally has had a fantastic year.
The wipeout of profits, while the shorters will try to scare the pants off PIs is a one off related to deferred tax.
I am doubling my holding today on any sell off as it will be a golden opportunity.
The shares really should be rising on this... strongly..... DYOR and not a recommendation.