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 June 9, 2022, Shell plc announced the purchase of 4,000,000 shares for cancellation as part of its buy-back program initiated on May 5, 2022. The shares were acquired across multiple trading venues, including LSE and Chi-X, with the highest price paid being £24.590 and the lowest at £24.005. These transactions will comply with regulations under the Market Abuse Regulation (EU MAR and UK MAR) and are aimed at optimizing shareholder value. BNP Paribas Exane has been appointed to manage trading decisions for this program.
On June 8, 2022, Shell plc purchased a total of 4,000,000 shares as part of its previously announced buy-back program effective from May 5, 2022. This included 3,100,000 shares at a volume-weighted average price of £24.296 and 450,000 shares each on Chi-X and BATS exchanges at similar prices. The buy-back strategy is carefully managed by BNP Paribas Exane, ensuring compliance with relevant market regulations. This activity is aimed at enhancing shareholder value through share cancellation.
On June 7, 2022, Shell plc executed a share buy-back program, purchasing a total of 4 million shares for cancellation. The shares were acquired at a volume-weighted average price of 24.084 GBP, with the highest price at 24.245 GBP and the lowest at 23.915 GBP. This transaction is part of a previously announced buy-back arrangement, managed by BNP Paribas Exane from May 5 to July 22, 2022. The program adheres to EU and UK market regulations regarding share repurchases, aimed at enhancing shareholder value.
On June 6, 2022, Shell plc announced the purchase of 4,000,000 shares for cancellation as part of its ongoing share buy-back arrangement. The shares were acquired at a volume-weighted average price of £24.073 per share across various trading venues including LSE, Chi-X, and BATS. These transactions are conducted under guidelines set by the Market Abuse Regulation and reflect the company's strategy to return value to shareholders while maintaining compliance with regulatory frameworks.
On June 1, 2022, Shell plc announced the purchase of 3,100,000 shares at an average price of £23.733 as part of its ongoing buy-back program initiated on May 5, 2022. Additional purchases included 450,000 shares through Chi-X at an average price of £23.734 and another 450,000 shares through BATS at the same average price. This buy-back program aligns with Shell's strategy to enhance shareholder value while adhering to trading regulations, including EU MAR and UK MAR.
Shell plc has announced its total voting rights as of May 31, 2022, comprising 7,438,410,556 ordinary shares of €0.07 each. No shares are held in Treasury. This figure is essential for shareholders to calculate their interests and obligations under the FCA's Disclosure Guidance and Transparency Rules. The total includes shares from Shell's ongoing share buy-back program, which have not yet been cancelled. This update is part of the compliance with the regulatory framework designed to ensure transparency in shareholder dynamics.
On 31 May 2022, Shell plc announced the purchase of 3,948,000 shares for cancellation. The shares were bought through a structured share buy-back arrangement managed by BNP Paribas Exane, effective from 5 May 2022 to 22 July 2022. The transactions occurred at a volume-weighted average price of £24.077 per share on the LSE and varied prices on other venues. This purchase is part of Shell's strategy to return capital to shareholders and enhance shareholder value.
On 30 May 2022, Shell plc announced the purchase of 4,012,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The share buy-back was executed under the direction of BNP Paribas Exane from 5 May through 22 July 2022, adhering to regulatory frameworks including EU and UK Market Abuse Regulations. The shares were acquired at varying prices, with a volume-weighted average price of £23.684 per share. This initiative reflects Shell's strategic approach to enhance shareholder value through share reduction.
On 27 May 2022, Shell plc announced the purchase of 4,959,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The shares were acquired across various trading venues, including LSE and Chi-X, at prices ranging from £23.545 to £24.095. The aggregated volume-weighted average price paid per share was £23.766. BNP Paribas Exane is managing these purchases independently in accordance with regulations pertaining to share buy-backs and market abuse.
On 26 May 2022, Shell plc announced the purchase of 4,980,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The shares were acquired across various trading venues, including LSE and Chi-X, at an average price of £24.051. The buy-back program is executed under the guidelines of EU and UK Market Abuse Regulations, allowing independent trading decisions by BNP Paribas Exane until 22 July 2022. This move is intended to optimize share value and return capital to shareholders.
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?
