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.
Shell plc announced the purchase of 2,100,000 shares on 20 April 2022 for cancellation as part of its share buy-back program, previously disclosed on 3 February 2022. The shares were acquired at a volume weighted average price of £22.1999 per share through various trading venues including LSE, BATS, and Chi-X. Citigroup Global Markets Limited will independently manage trading decisions until 4 May 2022, adhering to UK MAR and EU MAR regulations.
Shell plc announces its 2022 Annual General Meeting (AGM) on May 24, 2022, at Central Hall Westminster, London, urging shareholders to support its energy transition strategy. This follows a strong backing of 88.74% from voting shareholders in the previous AGM. A hybrid format allows both in-person and virtual attendance, with voting available during the meeting. The company is focused on achieving net-zero emissions by 2050, with key targets including a 50% reduction in operational emissions by 2030. Shareholders can access the Energy Transition Progress Report online.
Shell plc has announced the purchase of 2.1 million shares on April 19, 2022, as part of its ongoing share buyback program initiated on February 3, 2022. The shares were bought at prices ranging from £22.0050 to £22.5900, with a volume-weighted average price of £22.3651. The transactions were carried out across three trading venues: LSE, BATS, and Chi-X. Citigroup Global Markets Limited is managing these trades independently until May 4, 2022.
Shell plc announced a share buy-back transaction on 14 April 2022, purchasing a total of 2,150,000 shares across various trading venues, including the LSE and BATS. The highest price paid per share was £21.9900, and the lowest was £21.6450. This buy-back is part of a larger arrangement initiated on 3 February 2022, with Citigroup Global Markets Limited executing trades on behalf of Shell. The transaction adheres to the Market Abuse Regulation guidelines.
Shell plc announced a share buyback transaction on 13 April 2022, purchasing a total of 2,050,000 shares across three trades. The highest price paid per share was £22.0250, while the lowest was £21.6300. The volume-weighted average price paid was £21.9045. These purchases are part of a previously announced buyback arrangement, managed independently by Citigroup Global Markets Limited until 4 May 2022. The initiative aligns with the UK Market Abuse Regulation for compliant share buyback activities.
Shell plc announces the purchase of 769,942 shares on 12 April 2022 at a highest price of £21.7650 and a lowest price of £21.2500. The volume-weighted average price paid per share was £21.5714. Additionally, 800,000 shares were bought at similar price points, with a volume-weighted average of £21.5539. The purchases are part of a previously announced buy-back program, with Citigroup Global Markets Limited executing trades independently until 4 May 2022. All transactions comply with applicable regulations.
Shell plc has announced the repurchase of 2,150,000 shares on April 11, 2022, as part of its previously disclosed buy-back arrangement initiated on February 3, 2022. The share purchases included transactions across multiple venues, with prices ranging from £21.2950 to £21.7600. The average price paid per share was £21.5270. Citigroup Global Markets Limited will manage these transactions independently, adhering to the regulations of EU MAR and UK MAR. This strategic move is intended to enhance shareholder value.
Shell plc announced the purchase of 2,000,000 shares on 8 April 2022 as part of its ongoing share buy-back arrangement initiated on 3 February 2022. The shares were bought at various prices ranging from £21.0550 to £21.6800, with a volume-weighted average price of £21.4392 on LSE and £21.4535 on Chi-X. Citigroup Global Markets Limited is executing these trades independently under specific regulations, including the UK Market Abuse Regulation.
Shell International Finance B.V. and Shell plc have released a prospectus supplement dated 5 April 2022, which includes essential financial documents such as Shell plc's Annual Report and Form 20-F for the year ending 31 December 2021. These documents provide comprehensive insights into the company's performance and must be reviewed alongside the Information Memorandum dated 12 August 2021 and its prior supplement. The full details are essential for investors and can be accessed through provided URLs.
Shell plc has announced share repurchases on 7 April 2022, purchasing 2,482,950 shares for cancellation, conducted under an existing buy-back agreement initiated on 3 February 2022. The shares were acquired at prices ranging from £20.7800 to £21.2300. Transactions included 982,950 shares at a volume-weighted average price of £20.9969 on LSE, 800,000 shares at £21.0148 on BATS, and 700,000 shares at £21.0126 on Chi-X. Citigroup Global Markets Limited is managing the buy-back process independently until 4 May 2022.
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