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.
Shell plc reported strong operational and financial performance in Q1 2024, with Adjusted Earnings of $7.7 billion and CFFO of $13.3 billion. The company announced a $3.5 billion share buyback program and maintained its 2024 cash capex outlook. Net debt reduced by $3 billion to $40.5 billion. Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions segments all showed positive performance. Renewables power generation capacity increased, and Shell Ventures continued to invest in energy and mobility transformation companies.
Shell Plc reported its unaudited results for the 1st quarter of 2024, showing increases in income attributable to shareholders and adjusted earnings. The company saw positive performances in its Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. Cash flow from operating activities was primarily driven by Adjusted EBITDA across segments. Net debt decreased, leading to lower gearing. Shell also announced a share buyback program. The company's outlook for the second quarter includes expected production levels and capital expenditures.
Shell plc has 6,390,616,745 ordinary shares of €0.07 each as of April 30, 2024, with no shares in Treasury. Shareholders can use this figure to calculate their interest in the company. This announcement complies with Disclosure Guidance and Transparency Rules.
FAQ
What is the current stock price of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?
What is the market cap of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?
What does Shell plc do?
Where is Shell plc headquartered?
What are Shell's recent achievements?
What is Shell's net-zero emissions target?
How does Shell report its payments to governments?
When will Shell's Q1 2024 financial results be published?
What is the capacity of Shell's refineries?
Where are Shell's largest chemical plants located?
Does Shell offer a Dividend Reinvestment Program?
What are Shell's main business segments?
