> The company’s 2023 free cash flow (FCF) is projected at $14.6bn.
They, unfortunately, did nothing close.
EBITDA was down 50% YoY to $17.1B
> $17.1 billion Adjusted EBITDA, down 50% year-on-year (y/y), primarily reflecting the rebalancing and normalisation of international energy trade flows, with coal and LNG, and to a lesser extent, oil prices materially declining
While still returning MORE value to shareholders - $10.1B compared to ~7.3B in 2022.
Definitely has been a good idea to buy these two stocks during dips
## Glencore:
> The company’s 2023 free cash flow (FCF) is projected at $14.6bn.
They, unfortunately, did nothing close.
EBITDA was down 50% YoY to $17.1B
> $17.1 billion Adjusted EBITDA, down 50% year-on-year (y/y), primarily reflecting the rebalancing and normalisation of international energy trade flows, with coal and LNG, and to a lesser extent, oil prices materially declining
While still returning MORE value to shareholders - $10.1B compared to ~7.3B in 2022.
It's an interesting company