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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 has reported its total capital as of August 31, 2022, comprising 7,269,806,620 ordinary shares with a nominal value of €0.07 each. Importantly, Shell holds no treasury shares. The reported figure may be utilized by shareholders to calculate their notification thresholds under the FCA's Disclosure Guidance and Transparency Rules. This announcement follows compliance with the rules established for transparency in shareholder interests.
Shell plc announced the purchase of 1,657,477 shares for cancellation on 17 August 2022 as part of its ongoing share buy-back program initiated on 28 July 2022. The highest purchase price per share was £21.9700 and the lowest was £21.5600, with a volume-weighted average price of £21.7274. Additional purchases included 494,353 shares and 1,800,000 shares at various prices. The program adheres to UK MAR regulations and involves independent trading decisions by Citigroup Global Markets Limited until 21 October 2022.
Shell plc announced the purchase of 1,800,000 shares for cancellation on 16 August 2022. The shares were acquired at a volume-weighted average price of £21.8597 through the London Stock Exchange, with the highest and lowest prices recorded at £22.0050 and £21.6950, respectively. Additionally, the company bought 250,000 shares on BATS and 1,500,000 shares on Euronext Amsterdam at prices of €25.9535 and €26.1300.
This acquisition is part of its ongoing share buy-back program, managed by Citigroup Global Markets Limited.
United States Steel Corporation (NYSE: X), Equinor US Holdings (NYSE: EQNR), and Shell US Gas & Power (NYSE: SHEL) have established a Cooperation Agreement to develop a clean energy hub in Ohio, Pennsylvania, and West Virginia. This initiative aims to create job opportunities, stimulate economic growth, and significantly reduce carbon emissions by focusing on carbon capture, utilization, and storage (CCUS) along with hydrogen production. The project aligns with the shared goal of achieving net-zero emissions by 2050. Funding applications will be submitted to the US Department of Energy.
Shell plc announced the purchase of shares for cancellation on 15 August 2022. In total, 4,236,203 shares were bought back at various prices ranging from £21.4100 to £26.0150. The buyback is part of a previously announced program and will be managed by Citigroup Global Markets Limited until 21 October 2022. This transaction aligns with the company's authority to repurchase shares on both on-market and off-market limbs, in accordance with the EU Market Abuse Regulation and UK law.
Shell plc announced the purchase of 1,800,000 shares for cancellation on 12 August 2022 as part of its ongoing share buy-back program initiated on 28 July 2022. The highest price paid was £22.40, and the lowest was £21.985. Additionally, 300,000 shares were purchased at a price of £22.15. The program will run until 21 October 2022, with Citigroup Global Markets Limited making independent trading decisions. These transactions comply with the relevant Market Abuse Regulations and shareholder approvals for both on-market and off-market purchases.
Shell plc announced on 11 August 2022 that it purchased a total of 4,960,967 shares for cancellation as part of its ongoing share buy-back program initiated on 28 July 2022. The shares were bought at prices ranging from £21.6300 to £22.1750 on various trading venues, including LSE, Chi-X, BATS, and XAMS. Citigroup Global Markets Limited managed the trading decisions independently until 21 October 2022. This transaction aligns with the Company's general authority to repurchase shares according to market regulations.
Shell plc announced the purchase of 1,550,000 shares for cancellation on 10 August 2022, as part of its ongoing buy-back program initiated on 28 July 2022. The shares were acquired at a volume-weighted average price of £21.7238 for the LSE venue, and 1,200,000 shares at an average price of €25.7007 for the XAMS venue. Citigroup Global Markets Limited will oversee the trading decisions for this program until 21 October 2022. The buy-back adheres to EU and UK market regulations.
Shell plc disclosed a share repurchase on 09 August 2022, acquiring 1,600,000 shares at an average price of £21.9048 on the LSE. The company also bought 1,300,000 shares at an average price of €25.8480 on XAMS. This initiative is part of its ongoing buy-back program launched on 28 July 2022, managed by Citigroup Global Markets Limited. The buybacks comply with UK and EU regulations concerning market abuse.
Shell plc has announced the purchase of 1,700,000 shares on 08 August 2022 as part of its ongoing share buy-back program. The shares were acquired at a volume weighted average price of £21.6556 on the London Stock Exchange (LSE) and at an average price of €25.7129 on Euronext Amsterdam (XAMS). A total of 200,000 shares were also acquired on BATS at £21.6556. The program, managed by Citigroup Global Markets Limited, adheres to market regulations and aims to enhance shareholder value.
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