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Shell plc (NYSE: SHEL) is a British multinational oil and gas company headquartered in London, England. As an integrated oil and gas company, Shell engages in the exploration, production, refining, and marketing of oil and natural gas. The company’s operations span across Europe, Asia, Oceania, Africa, and the Americas.
Shell produced an average of 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day in 2023. At the end of 2023, Shell’s reserves stood at 9.6 billion barrels of oil equivalent, with 49% consisting of liquids. The company operates refineries with a combined capacity of 1.6 million barrels per day and sells approximately 12 million tons of chemicals annually. Shell’s largest chemical plants are situated in Central Europe, China, Singapore, and North America.
In recent developments, Shell has released its 2023 report on payments to governments, complying with UK and EU regulations, and submitted this report to the National Storage Mechanism and the US SEC. The company is scheduled to publish its Q1 2024 financial results on May 2, 2024, with a strong outlook presented for its various segments including Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions.
Shell remains committed to its energy transition strategy, aiming for net-zero emissions by 2050. The company’s operating plans and budgets are updated annually to reflect the current economic environment and include targets for Scope 1, Scope 2, and Net Carbon Intensity.
The company has also announced an interim dividend for Q1 2024, payable in multiple currencies. Shareholders can participate in Dividend Reinvestment Programs to reinvest their dividends into Shell shares.
Shell plc announces share repurchases conducted on November 20, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,135,000 shares on LSEG at prices between £25.4800 and £25.7500 (VWAP: £25.6041), and 774,000 shares on XAMS at prices between €30.9600 and €31.2350 (VWAP: €31.0937). The buyback program, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating under both on-market and off-market parameters in compliance with UK and EU market regulations.
Shell plc announces share repurchases conducted on November 19, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,350,000 shares on LSEG at prices between £25.6650 and £26.0200, with a volume-weighted average price of £25.7868. Additionally, 800,000 shares were purchased on XAMS at prices between €31.0050 and €31.4850, with a volume-weighted average price of €31.1738.
The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating within pre-set parameters and in accordance with UK Listing Rules and Market Abuse Regulations.
Shell plc announces share repurchases conducted on November 18, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,150,000 shares on LSEG at prices between £25.5200 and £25.9900 (VWAP: £25.7597), and 850,000 shares on XAMS at prices between €30.9250 and €31.4050 (VWAP: €31.1502). The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating under UK and EU market regulations.
Shell plc announces share repurchases conducted on November 15, 2024, as part of its buyback programme. The company purchased 1,647,100 shares on LSEG at prices between £25.2500-£25.7400, 100,000 shares on BATS at £25.2800-£25.7400, and 1,130,000 shares on XAMS at €30.6700-€31.2300. These purchases are part of the programme announced on October 31, 2024, managed independently by Citigroup Global Markets until January 24, 2025, following UK Listing Rules and Market Abuse Regulations.
Shell plc announces share repurchases conducted on November 14, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,637,700 shares on LSEG at prices between £25.13-£25.45, 500,000 shares on BATS at similar prices, and 1,416,900 shares on XAMS at €30.61-€30.97, plus 10,544 shares on CBOE DXE. The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating under UK and EU market regulations.
Shell plc announces share repurchases conducted on November 13, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 75,000 shares on LSEG at prices between £25.0400 and £25.3450, with a volume-weighted average price of £25.1787. Additionally, 48,000 shares were purchased on XAMS at prices between €30.4150 and €30.8250, with a volume-weighted average price of €30.6077. Citigroup Global Markets is executing the trades independently until January 24, 2025, following pre-set parameters and market regulations.
Shell plc announces share repurchases conducted on November 12, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 572,000 shares on LSEG at prices between £25.1300 and £25.6000 (VWAP: £25.3235), and 375,000 shares on XAMS at prices between €30.5650 and €31.2350 (VWAP: €30.8892). The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, following UK Listing Rules and Market Abuse Regulations.
Shell has won an appeal against a 2021 Dutch court ruling in a case brought by Milieudefensie and others. The Court of Appeal of The Hague overturned the previous requirement for Shell to reduce its worldwide carbon emissions by 45% by 2030. CEO Wael Sawan affirmed that Shell's net-zero emissions target by 2050 remains core to their strategy. The company invested $5.6 billion (23% of capital spending) in low-carbon solutions in 2023 and achieved over 60% of its target to reduce Scope 1 and 2 emissions by 2030. Shell also met its short-term goal of reducing net carbon intensity by 6.3% compared to 2016, and set a new ambition to reduce customer emissions from oil products by 15-20% by 2030.
Shell plc announces share repurchases conducted on November 11, 2024, as part of its previously announced buyback programme. The company purchased 851,000 shares on LSEG at prices between £25.4500 and £25.7900, with a volume-weighted average price of £25.6149. Additionally, 512,000 shares were purchased on XAMS at prices between €31.1350 and €31.4650, averaging €31.3083. The buyback programme, managed independently by Citigroup Global Markets , runs from October 31, 2024, to January 24, 2025, and complies with UK Listing Rules and Market Abuse Regulations.
Shell plc announces share repurchases conducted on November 8, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,100,000 shares on LSEG at prices between £25.5850 and £26.0200, with a volume-weighted average price of £25.7808. Additionally, 715,000 shares were purchased on XAMS at prices between €31.1450 and €31.6250, averaging €31.3496. The programme, managed independently by Citigroup Global Markets , will continue until January 24, 2025, operating under UK and EU market regulations.
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