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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.
On 3 July 2024, Shell plc announced the repurchase of its own shares as part of its ongoing buy-back programme. The company bought back 411,237 shares at an average price of £28.6267 on the London Stock Exchange, 168,394 shares at £28.6302 on Chi-X, and 110,369 shares at £28.6341 on BATS. Additionally, 3,931 shares were repurchased at €33.9357 on XAMS, and 1,069 shares at €33.9223 on CBOE DXE. These transactions were executed independently by BNP PARIBAS Financial Markets SNC, adhering to pre-set parameters and regulatory requirements under EU MAR and UK MAR.
On July 1, 2024, Shell announced the purchase of its own shares as part of a buy-back program initiated on May 2, 2024. The shares were bought on multiple trading venues, including the LSE, Chi-X, BATS, XAMS, and CBOE DXE, totaling 704,000 shares. Prices ranged from £28.455 to £28.720 on GBP venues and €33.740 to €33.975 on EUR venues. The buy-back is managed by BNP PARIBAS Financial Markets SNC and adheres to both EU MAR and UK MAR regulations. The program runs until July 26, 2024, allowing Shell's independent trading decisions within set parameters approved by shareholders.
Shell plc has announced that Cyrus Taraporevala, a Non-executive Director of the company, has been appointed to the Board of Pfizer starting July 1, 2024. This declaration was made in compliance with Listing Rule 9.6.14R(2). Sean Ashley, the Company Secretary, confirmed the appointment. The announcement includes the LEI number of Shell plc, which is 21380068P1DRHMJ8KU70. For further information, the press can contact Shell's international, UK, and European press office at +44 20 7934 5550.
Shell plc announced the acquisition of dividend shares by several Persons Discharging Managerial Responsibilities (PDMRs) following the interim dividend payment on June 24, 2024. The transactions, which took place on June 27, 2024, involved shares previously delivered under the annual bonus or vested under employee share plans.
PDMRs acquiring shares include CEO Wael Sawan, CFO Sinead Gorman, Legal Director Philippa Bounds, Projects & Technology Director Robertus Mooldijk, Chief Human Resources & Corporate Officer Rachel Solway, Downstream, Renewables & Energy Solutions Director Huibert Vigeveno, and Integrated Gas & Upstream Director Zoe Yujnovich. The shares were acquired on both the Amsterdam (EUR 33.41 per share) and London (GBP 28.18 per share) stock exchanges. Detailed share counts and transaction values for each PDMR are disclosed in the notification.
More information is available in Shell's Annual Report and Form 20-F for the year ended December 31, 2023.
Shell plc has announced its total voting rights and capital as of June 28, 2024. The company's capital consists of 6,324,115,486 ordinary shares, each valued at €0.07. Notably, Shell holds no shares in Treasury. This figure is essential for shareholders to determine whether they need to notify any changes in their interest in Shell under the FCA's Disclosure Guidance and Transparency Rules. The announcement complies with DGTR 5.6.1 and 5.6.1A, including shares from Shell's buy-back program that are not yet canceled.
Shell announced on 27 June 2024, that it had repurchased a total of 9,000 shares as part of its ongoing share buy-back program initiated on 2 May 2024. The shares were acquired across various trading venues, including LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. The highest price paid was £28.2700, and the lowest was £28.0900, with an overall volume-weighted average price of £28.1850 for GBP transactions and €33.3554 for EUR transactions. The buy-back program, managed by BNP PARIBAS Financial Markets SNC, complies with the EU and UK Market Abuse Regulations. The program will continue until 26 July 2024, with on-market and off-market purchases being executed under pre-set conditions.
On June 25, 2024, Shell purchased a total of 9,999 shares across various trading venues as part of its ongoing share buyback program announced on May 2, 2024. The purchases included:
- 4,449 shares on LSE at an average price of £28.1444.
- 420 shares on BATS (BXE) at £28.1161.
- 131 shares on Chi-X (CXE) at £28.1600.
- 3,776 shares on XAMS at €33.4064.
- 872 shares on CBOE DXE at €33.3905.
- 352 shares on TQEX at €33.3980.
The program is managed independently by BNP PARIBAS Financial Markets SNC and follows both EU MAR and UK MAR regulations.
On 21 June 2024, Shell announced the repurchase of its own shares as part of its ongoing share buy-back program initiated on 2 May 2024. The company bought a total of 998,000 shares across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The transactions were conducted independently by BNP PARIBAS Financial Markets SNC within pre-set parameters. The purchase prices ranged from £27.4700 to £27.7750 for GBP transactions and €32.5850 to €32.9350 for EUR transactions. The program aims to enhance shareholder value and is conducted according to regulatory frameworks stipulated by EU MAR and UK MAR.
On 18 June 2024, Shell announced the purchase of 1,278,237 shares for cancellation as part of its ongoing share buy-back program. This program, which commenced on 2 May 2024 and will run until 26 July 2024, involves both on- and off-market transactions conducted by BNP Paribas Financial Markets SNC. The purchases were made at various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, with prices ranging from £27.2000 to £27.3750 and €32.3050 to €32.4950. The buy-back program complies with UK and EU MAR regulations, ensuring adherence to legal frameworks governing share repurchase activities.
On June 13, 2024, Shell announced the repurchase of 3,445,000 shares as part of its ongoing share buy-back program. This transaction included both on-market and off-market purchases across multiple trading venues like LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The share prices ranged from £27.2000 to £27.5350 for GBP-denominated shares and €32.3350 to €32.6800 for EUR-denominated shares. BNP PARIBAS Financial Markets SNC independently managed the buy-back process under existing legal frameworks. This initiative aligns with Shell's goal to manage share capital efficiently.
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