Welcome to our dedicated page for SHELL PLC news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on SHELL PLC 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 (SHEL) reported strong financial performance for 2024 despite lower Q4 earnings. The company generated $40 billion in free cash flow for the year, surpassing 2023's performance in a lower price environment. Key highlights include:
- Q4 2024 Adjusted Earnings of $3.7 billion, reflecting lower prices and margins
- Full-year 2024 CFFO of $54.7 billion
- Achieved $3.1 billion in structural cost reductions since 2022, meeting target ahead of schedule
- Distributed $22.6 billion to shareholders in 2024 (41% of CFFO)
- Increased quarterly dividend by 4% to $0.358 per share
- Announced new $3.5 billion share buyback programme
The company's net debt decreased by $4.7 billion over the year to $38.8 billion. Cash capital expenditure for 2024 was $21.1 billion, with 2025's range expected to be lower.
Shell PLC reported Q4 2024 and full-year unaudited results, showing a decline in performance compared to previous periods. Income attributable to shareholders dropped 78% to $928 million in Q4 2024 from $4,291 million in Q3 2024. Adjusted Earnings decreased 39% to $3,661 million.
Full-year 2024 results showed income of $16,093 million, down 17% from $19,359 million in 2023. The company achieved $3.1 billion in pre-tax structural cost reductions through 2024 compared to 2022 levels. Cash flow from operating activities remained stable at $54,684 million.
Notable developments include the start of production at the Whale floating facility in the Gulf of Mexico, a joint venture expansion in China, and plans to combine UK offshore assets with Equinor. The company announced a new share buyback programme of $3.5 billion expected to complete by Q1 2025 and declared a Q4 dividend of $0.3580 per share.
Shell plc (SHEL) has announced share repurchases conducted on January 24, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,259,747 shares on the London Stock Exchange at prices ranging from £26.1950 to £26.7400, with a volume-weighted average price of £26.4950. Additionally, 801,736 shares were purchased on XAMS at prices between €31.2500 and €31.8400, with a volume-weighted average price of €31.5724.
The purchases are part of both on-market and off-market components of Shell's buyback programme, with Citigroup Global Markets making independent trading decisions within pre-set parameters until January 24, 2025. The programme complies with UK Listing Rules, EU MAR, UK MAR, and related regulations.
Shell plc (SHEL) has announced share repurchases conducted on January 23, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,158,000 shares on the London Stock Exchange at prices ranging from £26.7450 to £27.0150, with a volume-weighted average price of £26.9061. Additionally, 776,600 shares were purchased on XAMS at prices between €31.8350 and €32.1950, averaging €32.0361.
The purchases are part of both on-market and off-market components of Shell's buyback programme, with Citigroup Global Markets managing trading decisions independently until January 24, 2025. The programme operates under UK Listing Rules, EU MAR, and UK MAR regulations.
Shell plc announced key changes to its Executive Committee. Huibert Vigeveno, Downstream, Renewables and Energy Solutions Director and Executive Committee member since January 2020, will step down on March 31, 2025, after 30 years of service.
Two new appointments were announced: Andrew Smith will become Director of Trading and Supply, and Machteld de Haan will take the position of Director of Downstream, Renewables and Energy Solutions. Both will join the Executive Committee from April 1, 2025.
CEO Wael Sawan praised Vigeveno's contributions, particularly in leading the BG integration and transforming the Downstream, Renewables and Energy Solutions division through focused performance, portfolio, and people management. The company stated these changes align with their strategy to deliver more value with less emissions, while maintaining their current financial reporting segments.
Shell plc (SHEL) has announced share repurchases conducted on January 22, 2025, as part of its ongoing buyback programme. The company purchased 1,172,900 shares on the London Stock Exchange at prices ranging from £26.76 to £27.11, with a volume-weighted average price of £26.9336. Additionally, 820,000 shares were purchased on XAMS at prices between €31.8550 and €32.2850, averaging €32.0690.
These purchases are part of Shell's share buy-back programme announced on October 31, 2024. Citigroup Global Markets is managing the trading decisions independently until January 24, 2025. The programme includes both on-market and off-market components, operating under UK Listing Rules, EU MAR, and UK MAR regulations.
Shell plc (SHEL) has announced share repurchases conducted on January 21, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,210,000 shares on the London Stock Exchange at prices ranging from £26.9150 to £27.2300, with a volume-weighted average price of £27.0474. Additionally, 720,000 shares were purchased on XAMS at prices between €32.0300 and €32.4150, with a volume-weighted average price of €32.2119.
The share buyback program is being executed by Citigroup Global Markets , which will make independent trading decisions until January 24, 2025. The program includes both on-market and off-market components, conducted in accordance with UK Listing Rules, EU MAR, and UK MAR regulations.
Shell plc (SHEL) has announced its latest share buyback activity on January 20, 2025, as part of its ongoing share repurchase programme announced on October 31, 2024. The company purchased 1,170,000 shares on the London Stock Exchange at prices ranging from £27.1000 to £27.4200, with a volume-weighted average price of £27.2965. Additionally, 793,300 shares were purchased on XAMS at prices between €32.3300 and €32.6200, averaging €32.4880.
The buyback programme is being executed by Citigroup Global Markets , which will make independent trading decisions until January 24, 2025. The programme includes both on-market and off-market components, operating under pre-set parameters and in accordance with UK Listing Rules, EU MAR, and UK MAR regulations.
Shell plc (SHEL) has announced share repurchases conducted on January 17, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,075,000 shares on the London Stock Exchange at prices between £27.1050 and £27.3500, with a volume-weighted average price of £27.2383. Additionally, 685,000 shares were purchased on XAMS at prices between €32.3200 and €32.6100, with a volume-weighted average price of €32.4820.
The purchases are part of both on-market and off-market components of Shell's buyback programme, managed independently by Citigroup Global Markets until January 24, 2025. The programme operates under UK Listing Rules, EU MAR, and UK MAR regulations, with specific parameters for both on-market and off-market transactions.
Shell plc (SHEL) has announced its latest share buyback activity on January 16, 2025, as part of its ongoing share repurchase programme announced on October 31, 2024. The company purchased 1,058,500 shares on the London Stock Exchange at prices ranging from £26.82 to £27.12, with a volume-weighted average price of £26.948. Additionally, 695,500 shares were purchased on XAMS at prices between €32.085 and €32.39, averaging €32.211.
The buyback program is being executed by Citigroup Global Markets , which will make independent trading decisions until January 24, 2025. The program includes both on-market and off-market components, operating under UK Listing Rules, EU MAR, and UK MAR regulations.
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