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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 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.
Shell plc announced the purchase of 1,912,393 shares for cancellation on 04 August 2022 as part of its existing share buy-back programme initiated on 28 July 2022. The highest price paid per share was £21.9150, while the lowest was £21.3000, resulting in a volume-weighted average price of £21.5263. The programme allows Citigroup Global Markets Limited to make independent trading decisions until 21 October 2022, adhering to regulatory frameworks under EU MAR and UK MAR.
On August 3, 2022, Shell plc announced the acquisition of 1,400,000 shares for cancellation as part of its ongoing buy-back program initiated on July 28, 2022. The purchases were conducted through various trading venues, with prices ranging from £21.5200 to £22.0600, and a volume-weighted average price of £21.7481. The program, managed independently by Citigroup Global Markets Limited, adheres to regulatory frameworks including EU MAR and UK MAR.
Shell plc announced the purchase of 1,800,000 shares on 02 August 2022 as part of its share buy-back program. The shares were bought for cancellation at a volume-weighted average price of £21.6005 on the London Stock Exchange and €25.8057 on the Amsterdam Stock Exchange. These transactions align with the previously announced buy-back program on 28 July 2022, which will be managed by Citigroup Global Markets Limited until 21 October 2022. This initiative aims to enhance shareholder value by reducing the number of shares in circulation.
Shell USA has recognized 27 science teachers as regional winners in the Shell Science Lab Regional Challenge, which promotes innovative lab experiences for K-12 students. The challenge provides financial packages of $10,000 for elementary and middle schools, and $15,000 for high schools to enhance science education. Winners from various states, including Texas and California, are set to advance to the national phase for a chance to secure an additional $5,000. This initiative highlights the commitment to improving STEM education despite resource limitations.
Shell plc announced on August 1, 2022, the purchase of 2,090,000 shares for cancellation at a volume-weighted average price of £21.5583 per share. The shares were acquired on the London Stock Exchange, while an additional 2,100,000 shares were procured on XAMS at an average price of €25.7181. This share buyback is part of a previously announced program starting July 28, 2022, in which Citigroup Global Markets Limited will independently manage trading decisions until October 21, 2022. The program adheres to relevant market regulations.
On July 29, 2022, Shell plc announced the purchase of 1,000,000 shares for cancellation as part of its existing buy-back program initiated on July 28, 2022. The shares were acquired at a volume-weighted average price of £21.5582 on the London Stock Exchange, with the highest price at £21.8900 and the lowest at £21.1300. Additional purchases included 900,000 shares on the Amsterdam exchange at an average price of €25.6388. Trading decisions were made independently by Citigroup Global Markets Limited, effective until October 21, 2022.
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