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 July 5, 2022, Shell plc disclosed transactions involving Persons Discharging Managerial Responsibilities (PDMRs) acquiring dividend shares following the interim dividend payment on June 27, 2022. Key transactions included Sinead Gorman acquiring 357.54 SHEL shares at £21.58, while Harry Brekelmans acquired 1,225.90 SHELL shares at €25.10. Other notable acquisitions were made by Ronan Cassidy, Donny Ching, Ed Daniels, Wael Sawan, Huibert Vigeveno, and Zoe Yujnovich. An error in a previous disclosure was also mentioned, highlighting transparency in reporting. For further details, refer to the Shell Annual Report.
On July 5, 2022, Shell plc announced the purchase of 3,109,217 shares for cancellation as part of its ongoing share buy-back program initiated on May 5, 2022. The shares were bought at a volume-weighted average price of £21.197 on the LSE and varied across other trading venues. This buy-back arrangement is to be conducted independently by BNP Paribas Exane until July 22, 2022, adhering to the regulations of the UK Market Abuse Regulation and other relevant laws.
On July 4, 2022, Shell plc announced the purchase of 3 million shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The shares were acquired across various trading venues, with prices ranging from £21.605 to £22.150. The buy-back arrangement involves BNP Paribas Exane making independent trading decisions until July 22, 2022. This initiative complies with existing regulations, including the Market Abuse Regulation and relevant UK laws.
On July 1, 2022, Shell plc announced the purchase of 2,999,000 shares for cancellation, as part of its previously disclosed buy-back program initiated on May 5, 2022. The shares were acquired at various prices, with the highest being 21.795 GBP and the lowest at 20.950 GBP. This initiative is managed by BNP Paribas Exane, who will conduct trades independently until July 22, 2022. The purchases comply with EU and UK market regulations regarding share buy-backs, reinforcing Shell's commitment to enhancing shareholder value.
Shell plc announces its total voting rights as of June 30, 2022, stating there are 7,355,041,629 ordinary shares of €0.07 each. The company holds no shares in Treasury. This total includes shares from its share buy-back program that have not yet been canceled. Shareholders may utilize this figure to identify whether they need to notify any changes in their interests, as per the FCA's Disclosure Guidance and Transparency Rules.
On June 30, 2022, Shell plc announced the purchase of 2,000,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The acquisitions occurred at various venues including the London Stock Exchange and Chi-X. The highest price paid for shares was £21.755, while the lowest was £21.145, resulting in a volume-weighted average price of £21.476 per share. This buy-back arrangement, advised by BNP Paribas Exane, reflects the company's strategy to enhance shareholder value.
SHELL PLC announces the appointment of Caroline Omloo as Company Secretary effective August 1, 2022. She succeeds Linda Coulter, who retires after 28 years with Shell. Omloo, a Dutch national, has been with Shell since 1999 and held various roles including Secretary to the Audit Committee and Chief Privacy Officer. She previously led Legal and Compliance at Shell Asset Management Company. This transition reflects Shell's commitment to strong governance and leadership continuity.
Shell plc reported that as of June 28, 2022, it has a total of 7,363,284,479 ordinary shares with a nominal value of €0.07 each. The company currently holds no treasury shares. This figure is essential for shareholders to calculate their notification obligations under the FCA's Disclosure Guidance and Transparency Rules.
This announcement complies with the Disclosure Guidance and Transparency Rules 5.6.1A.
On 29 June 2022, Shell plc reported the purchase of 1,817,450 shares for cancellation as part of its buy-back program initiated on 5 May 2022. The transactions were executed across multiple trading venues including LSE and Chi-X, with prices ranging from £21.770 to £22.050. The average price paid per share was £21.894. BNP Paribas Exane managed the trading independently, adhering to regulatory guidelines and parameters set for the buy-back. This strategic move is aligned with Shell's ongoing efforts to enhance shareholder value through share repurchases.
On June 28, 2022, Shell plc announced the purchase of a total of 4,124,442 shares for cancellation as part of its ongoing buy-back program. This transaction included purchases on multiple trading venues, with shares bought at prices ranging from 21.500 GBP to 21.970 GBP. The buy-back program, initially announced on May 5, 2022, is managed by BNP Paribas Exane, which operates independently regarding trading decisions. The company's buy-back activities comply with relevant market regulations, including the EU Market Abuse Regulation.
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