Welcome to our dedicated page for Shell plc American Depositary Shares (Each represents two Ordinary shares) news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on Shell plc American Depositary Shares (Each represents two Ordinary shares) stock.
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 June 11, 2024, Shell plc announced the purchase and cancellation of specific shares as part of its existing buy-back program initiated on May 2, 2024. The company bought 655,910 shares on the LSE, 92,071 on Chi-X, and 56,019 on BATS at an average price of £27.4738, £27.4516, and £27.4639 respectively. Additionally, it purchased 201,518 shares on XAMS, 90,189 on CBOE DXE, and 35,293 on TQEX at an average price of €32.6641, €32.6655, and €32.6657 respectively. BNP PARIBAS Financial Markets SNC will handle the trading until July 26, 2024, independently of the company. The program adheres to Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation.
On June 10, 2024, Shell plc announced the euro and pounds sterling equivalent dividend payments for the first quarter of 2024, originally declared on May 2, 2024, at US$0.344 per ordinary share. Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling. Those who opted for their preferred currency by June 3, 2024, are entitled to US$0.344, €0.3166, or 26.94p per share. If no election was made, dividends will default to euros or pounds sterling based on the holding method. The dividends, converted from US dollars, will be payable on June 24, 2024, for members registered by May 17, 2024. Currency exchanges were calculated using market rates from June 5-7, 2024.
On June 7, 2024, Shell purchased a total of 1,319,000 shares for cancellation as part of its ongoing share buy-back program. The buy-back involved purchases at different trading venues: LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. Prices ranged from £27.2000 to £27.4850 in the UK and €32.1500 to €32.4900 in Europe, with volume-weighted average prices of £27.3101, £27.3163, £27.3178, €32.2722, €32.2662, and €32.2582, respectively. The program, running from May 2 to July 26, 2024, is managed by BNP PARIBAS Financial Markets SNC, which exercises independent trading decisions. The buy-back adheres to both EU and UK market regulations.
Shell announced a share buy-back transaction conducted on June 5, 2024. The company repurchased a total of 2,300,000 shares across several trading venues. These purchases were part of a previously announced buy-back program.
Details of the repurchases include:
- LSE: 453,995 shares at an average price of £27.27
- BATS: 99,107 shares at an average price of £27.28
- Chi-X: 96,898 shares at an average price of £27.27
- XAMS: 1,245,072 shares at an average price of €32.21
- CBOE DXE: 340,050 shares at an average price of €32.24
- TQEX: 64,878 shares at an average price of €32.15
The buy-back program is managed by BNP Paribas and will run from May 2, 2024, to July 26, 2024, adhering to the UK and EU Market Abuse Regulations.
On June 3, 2024, Shell announced the repurchase of its shares as part of an existing buy-back program. The aggregated details are as follows: 1,064,139 shares were purchased on the LSE at a volume-weighted average price of £28.0573 per share; 173,735 shares on Chi-X at £28.1101; and 112,126 shares on BATS at £28.0957. Additionally, 838,336 shares were bought on XAMS at €33.0935, 300,846 shares on CBOE DXE at €33.0732, and 60,818 shares on TQEX at €33.2768. The program, announced on May 2, 2024, is managed by BNP PARIBAS Financial Markets SNC and will continue until July 26, 2024. The buy-back activities comply with Chapter 12 of the Listing Rules, EU MAR, and UK MAR.
Shell has announced its total voting rights and capital as of May 31, 2024.
Shell's capital consists of 6,359,505,984 ordinary shares of €0.07 each. There are no shares held in Treasury.
This figure is important for shareholders to determine if they need to notify any changes in their interest in Shell under the FCA's Disclosure Guidance and Transparency Rules.
The announcement includes shares bought back by Shell but not yet cancelled.
On May 29, 2024, multiple transactions were conducted by Philippa Bounds, a Director at Shell, and her close associates. These transactions involved selling company shares and immediately repurchasing them into Individual Savings Accounts (ISAs). Philippa Bounds sold 715 shares and repurchased 711 shares, while James, Alfred, George, and Brian Bounds sold between 322 to 715 shares each and repurchased slightly fewer shares into their ISAs. These actions comply with the EU and UK market abuse regulations. The transactions took place on the London Stock Exchange at prices around €27.97 to €28.00 per share.
On 30 May 2024, Shell purchased a total of 1,819,000 shares for cancellation as part of its share buy-back programme. The purchases were made across several trading venues including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, with the highest price paid being £28.0050 and €33.0400, and the lowest at £27.8250 and €32.8100 respectively. The volume-weighted average prices ranged from £27.8978 to £27.9070 and €32.9158 to €32.9277. BNP PARIBAS Financial Markets SNC is executing the buy-back independently for Shell. The buy-back programme adheres to EU MAR and UK MAR regulations.
On May 29, 2024, Shell announced several share transactions involving Philippa Bounds, a Legal Director, and her closely associated persons (PCAs). On May 23, 2024, Philippa Bounds sold 8,961 shares and repurchased them into her Individual Savings Account (ISA) through a 'Bed and ISA' process. Additionally, three PCAs—James, Alfred, and George Bounds—each purchased 312 shares into their ISAs. These transactions were conducted on the London Stock Exchange at £27.75 per share. The notifications were made in compliance with EU and UK Market Abuse Regimes.
Shell announced the acquisition of its own shares on May 28, 2024, as part of its ongoing buy-back programme. The total shares purchased were 1,820,000, with transactions taking place across various venues. On the London Stock Exchange, 605,844 shares were bought at an average price of £27.7175. On Chi-X, 160,423 shares were acquired at £27.7167, and on BATS, 113,733 shares at £27.7200. In Europe, 584,899 shares were purchased on XAMS at €32.7447, 297,986 on CBOE DXE at €32.7274, and 57,115 on TQEX at €32.7403. BNP PARIBAS Financial Markets SNC will manage the trading independently until July 26, 2024. This buy-back initiative aligns with EU and UK Market Abuse Regulations.
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