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Shell plc American Depositary Shares (Each represents two Ordinary shares) - SHEL STOCK NEWS

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.

News

VISION Bioenergy Oilseeds and ADAMA Collaborate to Expand Crop Protection Solutions for Camelina Growers

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VISION Bioenergy Oilseeds and Makhteshim Agan of North America Inc. have entered a Joint Development Agreement to expand crop protection solutions for Camelina, a crop used in renewable fuels. The partnership aims to increase labeled crop protection products for Camelina and develop genetic herbicide tolerance to improve crop protection and yields.
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Transaction in Own Shares

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Shell plc announces the purchase of shares for cancellation as part of its share buy-back program. The company bought 515,083 shares on the London Stock Exchange at a volume-weighted average price of £26.7427 per share. It also purchased 806,748 shares on XAMS at a volume-weighted average price of €31.3046 per share.
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Director/PDMR Shareholding

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Shell plc executive Huibert Vigeveno has disposed of 4,396 ordinary shares with a nominal value of €0.07 each. The average price of the shares was €30.961769, resulting in a total transaction value of €136,107.9365. The transaction took place on November 3, 2023, on Euronext Amsterdam.
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Notification of Major Shareholdings

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Shell plc received three notifications from Norges Bank regarding changes in their shareholding. Notification 1 indicated that Norges Bank's voting rights in Shell exceeded 3% on August 15, 2022. Notification 2 corrected errors in Notification 1. Notification 3 stated that Norges Bank's shareholding fell below 3% on October 30, 2023. Notifications 1 and 2 were not submitted to Shell in August 2022 due to an administrative error by Norges Bank.
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Transaction in Own Shares

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Shell plc announces the purchase of shares for cancellation as part of its share buy-back program. The company bought a total of 1,535,000 shares on the LSE at a price range of £26.9250 to £27.7450 per share, with a volume-weighted average price of £27.4337. Additionally, shares were purchased on Chi-X, BATS, XAMS, CBOE DEX, and TQEX.
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Shell plc 2024 Interim Dividend Timetable

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Shell plc has announced the intended timetable for the 2024 quarterly interim dividends. The announcement dates for each quarter are February 1, 2024, May 2, 2024, August 1, 2024, and October 31, 2024. The ex-dividend dates for ADSs and ordinary shares are February 15, 2024, May 16, 2024, August 16, 2024, and November 15, 2024. The record dates are February 16, 2024, May 17, 2024, August 16, 2024, and November 15, 2024. The payment dates are March 25, 2024, June 24, 2024, September 23, 2024, and December 19, 2024.
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Shell announces commencement of a share buyback programme

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Shell plc has announced the commencement of a $3.5 billion share buyback program. The program aims to reduce the company's issued share capital and will be completed before the Q4 2023 results announcement. Shell has entered into an arrangement with a single broker to purchase ordinary shares on both London and Netherlands exchanges. The maximum consideration for the purchase of ordinary shares under the London contracts is $2 billion, and under the Netherlands contract is $1.5 billion. The maximum number of ordinary shares that may be purchased under the program is 590,000,000.
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Shell plc Third Quarter 2023 Interim Dividend

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Shell plc announces an interim dividend of US$ 0.331 per ordinary share for the third quarter of 2023. Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling. Dividend payments will be announced on December 11, 2023. Cash dividends on ADSs will be paid in US dollars. The dividend timetable and tax treatment are provided.
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Shell plc publishes third quarter 2023 press release

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Shell delivered strong operational and financial performance in Q3 2023, with adjusted earnings of $6.2 billion and CFFO of $12.3 billion. They are commencing a $3.5 billion buyback program, bringing the total buybacks for the second half of 2023 to $6.5 billion. Total announced shareholder distributions for 2023 are approximately $23 billion.
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Shell Plc 3rd Quarter 2023 Unaudited Results

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Shell PLC has released its unaudited results for the third quarter of 2023. Income attributable to Shell plc shareholders was $7,044 million, a 125% increase from Q3 2022. Adjusted Earnings and Adjusted EBITDA decreased by 30% and 18% respectively. Cash flow from operating activities was $12.3 billion, primarily driven by Adjusted EBITDA. Net debt was $40.5 billion, and gearing remained at 17.3%. Total production available for sale decreased by 3%.
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FAQ

What is the current stock price of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?

The current stock price of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) is $66.03 as of November 22, 2024.

What is the market cap of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?

The market cap of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) is approximately 201.8B.

What does Shell plc do?

Shell plc is a British multinational oil and gas company involved in the exploration, production, refining, and marketing of oil and natural gas.

Where is Shell plc headquartered?

Shell plc is headquartered in London, England.

What are Shell's recent achievements?

In 2023, Shell produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day, with reserves of 9.6 billion barrels of oil equivalent.

What is Shell's net-zero emissions target?

Shell aims to achieve net-zero emissions by 2050, with annual updates to their operating plans and budgets reflecting this goal.

How does Shell report its payments to governments?

Shell complies with UK and EU regulations and submits its payment reports to the National Storage Mechanism and the US SEC.

When will Shell's Q1 2024 financial results be published?

Shell's Q1 2024 financial results are scheduled to be published on May 2, 2024.

What is the capacity of Shell's refineries?

Shell operates refineries with a combined capacity of 1.6 million barrels per day.

Where are Shell's largest chemical plants located?

Shell's largest chemical plants are located in Central Europe, China, Singapore, and North America.

Does Shell offer a Dividend Reinvestment Program?

Yes, Shell offers Dividend Reinvestment Programs that allow shareholders to reinvest their dividends into Shell shares.

What are Shell's main business segments?

Shell's main business segments include Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions.

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Shell plc American Depositary Shares (Each represents two Ordinary shares)

Nasdaq:SHEL

SHEL Rankings

#54 Ranked by Market Cap
#690 Ranked by Dividends

SHEL Stock Data

201.77B
3.07B
0.01%
12.07%
0.14%
Oil & Gas Integrated
Energy
Link
United States of America
London