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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 the purchase of 2,437,152 shares on 03 May 2022 as part of its buy-back program, aimed at enhancing shareholder value. The shares were purchased at prices ranging from £21.4250 to £22.2300, with a volume-weighted average price of £21.8736 for the first transaction. The buy-back is managed by Citigroup Global Markets Limited, operating independently within set parameters. This initiative adheres to the Market Abuse Regulation (MAR) and aims to optimize the company's share structure following its previous announcement on 03 February 2022.
Shell plc announced the purchase of 2 million shares for cancellation on April 29, 2022, as part of its share buyback arrangement initiated on February 3, 2022. The shares were acquired at various prices, with the highest being £21.9750 and the lowest at £21.6050. This strategic move aims to enhance shareholder value. The purchases were executed through Citigroup Global Markets Limited, which independently managed the trading decisions in compliance with relevant market regulations. The buyback activities will conclude on May 4, 2022.
Shell plc reports a total of 7,508,660,975 ordinary shares as of April 29, 2022, with a nominal value of €0.07 each. The company does not hold any shares in Treasury. This figure is significant for shareholders to assess their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The total shares include those acquired through the company's ongoing share buy-back program but not yet canceled. This announcement complies with regulatory frameworks pertinent to voting rights and capital.
Shell plc announced a share buy-back on 28 April 2022, purchasing 2 million shares for cancellation, aligning with the previously declared arrangement on 3 February 2022. The transactions included purchases on LSE, BATS, and Chi-X, with prices ranging from £21.1900 to £21.8750 per share. Citigroup Global Markets Limited executed the trades independently, adhering to regulatory parameters. Shell's LEI number is 21380068P1DRHMJ8KU70.
Shell plc announced the purchase of 2,000,000 shares for cancellation on 27 April 2022, as part of its previously announced buy-back program initiated on 03 February 2022. The shares were purchased at a volume-weighted average price of approximately £21.28 across various trading venues, including LSE and BATS (BXE). Citigroup Global Markets Limited is executing these trades independently, adhering to regulations like EU MAR and UK MAR.
Shell plc announced the purchase of 2,000,000 shares for cancellation on 26 April 2022.
Transactions occurred across various venues, including LSE and BATS, with prices ranging from £20.6150 to £21.5200. The average price paid was £20.9235. This buy-back is part of a previously announced arrangement effective from 3 February 2022 to 4 May 2022, with Citigroup Global Markets Limited making independent trading decisions.
Shell plc announced the purchase of shares for cancellation on 25 April 2022. A total of 2,200,000 shares were bought across various trading venues, including 1,200,000 shares on the LSE at an average price of £21.0191. The company's share buy-back program, initiated on 3 February 2022, continues until 4 May 2022. Trades are executed by Citigroup Global Markets Limited, ensuring compliance with UK and EU regulations. This buy-back aims to enhance shareholder value by reducing the number of outstanding shares.
Shell plc announced the purchase of 2,100,000 shares on 22 April 2022 as part of its buy-back program initiated on 3 February 2022. The transactions included purchases on the LSE and other trading venues. The shares were bought at prices ranging from £21.8500 to £22.2100, with a volume-weighted average price of £21.9942 on LSE. Citigroup Global Markets Limited is managing the trading decisions until 4 May 2022, adhering to relevant market regulations.
Shell plc has issued a correction to its announcement regarding the 2022 Annual General Meeting, clarifying the investment returns in Integrated Gas (14-18%) and Chemicals and Products (10-15%). The Energy Transition Progress Report highlights Shell's commitment to net-zero emissions by 2050, having already achieved an 18% reduction in emissions compared to 2016. The Board requests shareholder support for its energy transition strategy at the AGM on May 24, 2022. Last year's AGM saw 88.74% shareholder approval of the strategy.
Shell plc announced the purchase of 2,100,000 shares for cancellation on 21 April 2022. The shares were bought across multiple venues, with the highest price paid at £22.33 and the lowest at £22.01, resulting in a volume-weighted average price of £22.15. This transaction is part of a wider buy-back arrangement initiated on 3 February 2022, with Citigroup Global Markets Limited managing the trading decisions until 4 May 2022. The buy-back complies with the relevant EU and UK regulations.
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