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 17 May 2022, Shell plc announced the purchase of 3,846,000 shares as part of its buy-back arrangement initiated on 5 May 2022. The shares were acquired at various prices, with the highest at £23.635 and the lowest at £23.355. This buy-back, facilitated by BNP Paribas Exane, will continue until 22 July 2022, adhering to regulatory guidelines including UK MAR. The volume-weighted average price paid per share was approximately £23.536. These transactions aim to enhance shareholder value through effective capital management.
On May 16, 2022, Shell plc announced the purchase of 3,821,263 shares for cancellation as part of its previously disclosed share buy-back program. The shares were acquired across multiple trading venues, including LSE and Chi-X, with the highest price per share reaching 23.400 GBP and the lowest at 22.920 GBP. The average price paid was 23.171 GBP. BNP Paribas Exane is managing the buy-back, adhering to regulations under the EU Market Abuse Regulation and UK law. This initiative is designed to enhance shareholder value by reducing the number of outstanding shares.
On May 13, 2022, Shell plc announced the purchase of 3,801,000 shares for cancellation as part of its ongoing share buyback program, initially announced on May 5, 2022. The shares were acquired at prices ranging from £22.455 to £23.090 on trading venues including LSE, Chi-X, and BATS. With a volume-weighted average price of approximately £22.762, these transactions align with the company's strategy to enhance shareholder value. The buyback program will continue under the guidance of BNP Paribas Exane until July 22, 2022.
On 12 May 2022, Shell plc announced the purchase of 3,698,000 shares for cancellation under its buy-back program initiated on 5 May 2022. The shares were acquired at prices ranging from £22.305 to £22.890, with a volume-weighted average price of £22.549. BNP Paribas Exane managed the trades independently until 22 July 2022. This transaction complies with the Company's share repurchase authority and relevant regulations, including EU MAR and UK MAR.
Charles Hayes, a science teacher at Highland Oaks Elementary School in Memphis, Tennessee, received the 2022 Shell Science Teaching Award for his positive impact on students. He was awarded a $10,000 cash prize and expenses to attend the NSTA National Conference in Houston. Hayes emphasizes student-centered learning, enhancing interest in science careers. He was also honored with a Presidential Award for Excellence in Mathematics and Science Teaching. Two other finalists were recognized, receiving support to attend the conference.
On May 11, 2022, Shell plc announced the purchase of 3,612,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The share purchases were executed at varying prices, with the highest at £23.205 and the lowest at £22.395. The average price paid per share was £22.868. BNP Paribas Exane is responsible for the trading decisions related to these shares, which will occur within specified parameters according to UK and EU regulations. This strategic move aims to optimize shareholder value through share reduction.
Shell plc has reported the conditional award of performance shares under the Long Term Incentive Plan (LTIP). On May 6, 2022, Sinead Gorman received 105,675 shares, while Ed Daniels was awarded 61,000 shares, with both tied to performance conditions set by the Remuneration Committee. Each share is valued at £23.00, totaling approximately £2.43 million and £1.40 million respectively. This notification complies with Article 19 of the EU Market Abuse Regulation.
On May 10, 2022, Shell announced the purchase of 2,703,000 shares for cancellation at an average price of £22.281, part of a previously disclosed buy-back program. Additional purchases included 445,000 and 419,000 shares at £22.273 and £22.269, respectively, on the same day. These transactions follow the company’s share buy-back arrangement with BNP Paribas Exane, which will conduct trading decisions independently until July 22, 2022. The buy-back is compliant with both EU and UK regulations regarding such programs.
Shell USA Inc. and the National Science Teaching Association (NSTA) announced the winners of the Shell Science Lab Regional Challenge, recognizing innovative K–12 teachers enhancing science education. The grand-prize winners include Gwenevere Jones and Jennifer Murphy-Feagin from Craighead Elementary, Samantha Mendenhall from Port Allen Middle School, and Jessica Thomas from Pecos High School, awarded lab makeover support packages valued at $10,000 and $15,000 respectively. They will also receive $5,000 to attend a future NSTA conference.
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