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 February 23, 2023, Shell plc announced the purchase of shares for cancellation as part of its ongoing buy-back program initiated on February 2, 2023. A total of 1,439,100 shares were bought across various trading venues, including the London Stock Exchange and others, with prices ranging from £24.395 to £28.390. This initiative is managed by BNP Paribas Exane, which will make independent trading decisions until April 28, 2023. The buy-back program complies with EU regulations and UK laws regarding share repurchases.
On 21 February 2023, Shell plc announced the purchase of 1,233,898 shares for cancellation. Additional purchases included 148,266 shares on Chi-X and 237,836 shares on BATS. The highest price for shares was £25.310, with the lowest at £24.805, while the volume-weighted average price was £24.936. Overall, 1,065,000 shares were bought for €28.284 on the XAMS. This transaction is part of an ongoing share buy-back program initiated on 2 February 2023, which allows BNP Paribas Exane to trade independently until 28 April 2023, following regulatory compliance under UK MAR and EU MAR.
Shell plc announced a share buy-back program on February 16, 2023, purchasing a total of 3,220,000 shares for cancellation. The shares were acquired on different trading venues, with prices ranging from £25.600 to £29.110. The average price paid per share was £25.742 on the LSE and €28.943 on the XAMS. This action is part of an ongoing buy-back initiative, managed independently by BNP Paribas Exane from February 2 to April 28, 2023. The purchases aim to optimize shareholder value and are compliant with regulations outlined in the UK Market Abuse Regulation.
On 14 February 2023, Shell plc announced the repurchase of shares totaling 1,045,000 across multiple trading venues as part of its existing buy-back program initiated on 2 February 2023. The shares were acquired at varying prices, with the highest recorded at £25.710 and the lowest at £25.435 on the London Stock Exchange, and in Euros on European exchanges. BNP Paribas Exane is managing trades independently until 28 April 2023, adhering to the company's general authority for share repurchases and complying with relevant market regulations. This initiative aims to enhance shareholder value through share cancellation.
On 10 February 2023, Shell plc announced the purchase of 1,986,000 shares for cancellation as part of its ongoing share buy-back program initiated on 2 February 2023. The share purchases occurred across multiple trading venues, including LSE and Chi-X, with the highest price paid being £25.415 and the lowest £24.405. The volume-weighted average price per share was £25.117. BNP Paribas Exane is executing the trading decisions independently until 28 April 2023. This program complies with EU and UK regulations regarding buy-back initiatives.
Shell plc announced on 8 February 2023 the purchase of 1,926,500 shares as part of its share buy-back program, which was previously disclosed on 2 February 2023. The shares were acquired through various trading venues including LSE, Chi-X, BATS, XAMS, and CBOE DXE. The highest price paid was £24.780 and the lowest was £24.475 for the GBP transactions, while €27.925 and €27.580 were the highest and lowest prices respectively for the EUR trades. BNP Paribas Exane will independently manage this program until 28 April 2023.
On February 7, 2023, Shell plc disclosed conditional performance share awards made to several key executives under its Long Term Incentive Plan (LTIP). The awards include:
- Wael Sawan: 173,985 shares at £24.14
- Sinead Gorman: 103,458 shares at £24.14
- Harry Brekelmans: 65,018 shares at €26.90
- Ronan Cassidy: 48,206 shares at £24.14
- Donny Ching: 52,150 shares at €26.90
- Ed Daniels: 46,304 shares at £24.14
- Huibert Vigeveno: 65,018 shares at €26.90
- Zoe Yujnovich: 67,149 shares at €26.90
This notification aligns with the EU Market Abuse Regulation requirements.
Shell International Finance B.V. and Shell plc published a Prospectus Supplement on 7 February 2023, detailing their unaudited consolidated interim financial report for the period ending 31 December 2022. Key documents, including the Prospectus Supplement and the financial report, must be reviewed alongside the Information Memorandum from 26 September 2022 and its first supplement. These documents are crucial for understanding Shell's current financial standing, and more information can be accessed through provided URLs. The documents are not directed at U.S. persons.
On February 6, 2023, Shell purchased a total of 2,176,000 shares for cancellation as part of its ongoing share buy-back program announced on February 2, 2023. The purchases occurred on multiple trading venues, including LSE, Chi-X, and BATS, with prices ranging from £23.775 to £24.205 in GBP and €26.670 to €27.075 in EUR. BNP Paribas Exane is managing the trading decisions during this period, ending April 28, 2023. The program complies with regulations under EU MAR and UK MAR, highlighting Shell's commitment to returning value to its shareholders through structured share repurchases.
On February 2, 2023, Shell plc announced the purchase of 1,866,000 shares for cancellation as part of its buy-back program. The shares were acquired across various trading venues, including the LSE, Chi-X, BATS, and others, with prices ranging from £23.340 to £24.390 in GBP and €26.275 to €27.370 in EUR. BNP Paribas Exane is managing the buy-back program, making independent trading decisions until April 28, 2023. The programme adheres to UK and EU regulations regarding share buybacks. This initiative reflects Shell's ongoing commitment to returning value to shareholders.
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