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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 announced the disposal of shares by Robertus Mooldijk, its Projects & Technology Director, as per regulations under the EU and UK market abuse regimes. On May 9, 2024, Mooldijk sold 15,000 shares at an average price of €33.833984, totaling €507,509.76. The shares were ordinary shares with a nominal value of €0.07 each. This notification serves as the initial disclosure of such a transaction.
On May 13, 2024, Shell plc announced the purchase of a significant number of its own shares for cancellation as part of its buy-back program. The purchases were made on various trading venues at different prices. BNP PARIBAS Financial Markets SNC will make trading decisions independently until July 26, 2024. The buy-back program will be conducted in compliance with relevant regulations.
Shell plc announced the purchase of a significant number of its own shares for cancellation. The company disclosed detailed information on the shares purchased, including the highest and lowest prices paid, as well as the volume-weighted average price per share. These transactions are part of the company's existing share buy-back program. BNP PARIBAS Financial Markets SNC will make trading decisions independently for a specified period. The buy-back program will be conducted in accordance with relevant regulations.
Shell plc announced on 8 May, 2024, the purchase and cancellation of a significant number of its own shares. The transactions were part of the company's share buy-back program, with purchases made both on and off the market. BNP PARIBAS Financial Markets SNC will independently make trading decisions related to the securities until 26 July, 2024. The program will be conducted in compliance with relevant regulations and laws.
Director/PDMR Shareholding PR discloses details of a transaction involving Zoe Yujnovich, a Shell plc executive, who disposed of 47,281 ordinary shares at a price of €33.870468 each, totaling €1,601,429.60 on May 6, 2024. The transaction complies with EU and UK market abuse regulations.
Shell plc announced on 7 May, 2024, the purchase of a significant number of its own shares for cancellation as part of its share buy-back program. The transactions were made on different trading venues at varying prices, contributing to the company's efforts to enhance shareholder value. BNP PARIBAS Financial Markets SNC will oversee the trading decisions independently until 26 July, 2024. The program complies with regulatory requirements and aims to optimize the company's capital structure.
Shell plc announced the purchase and cancellation of a number of its own shares as part of its share buy-back program. The purchases were made on 6 May, 2024 at varying prices through different trading venues. BNP PARIBAS Financial Markets SNC will make trading decisions independently for the program until 26 July 2024. The on-market and off-market limbs of the program will be conducted within set parameters and in compliance with relevant regulations. The company aims to repurchase shares in accordance with EU MAR and UK MAR regulations.
Shell plc announced the purchase of shares for cancellation as part of its buy-back program. BNP PARIBAS Financial Markets SNC will make trading decisions independently. The program is conducted in compliance with listing rules and market regulations.
Shell plc has announced the commencement of a $3.5 billion share buyback programme to reduce its issued share capital. The programme is scheduled to be completed before the Company's Q2 2024 results announcement. Shell has entered into contracts with a single broker for repurchasing ordinary shares on London and Netherlands exchanges. The total maximum consideration for share purchases under the contracts is $3.5 billion, with a maximum of 360 million ordinary shares to be repurchased. The programme will be conducted in compliance with relevant regulations.
Shell plc announced an interim dividend of US$0.344 per ordinary share for the first quarter of 2024. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling. The dividend payment dates and currency election deadlines were also provided. Additionally, shareholders can participate in Dividend Reinvestment Programmes (DRIPs) offered by various organizations.
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