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.
The first quarter 2022 outlook for Shell indicates significant expected charges between $4 to $5 billion due to impairments related to Russia activities, although these will not affect Adjusted Earnings. Adjusted EBITDA forecasts show production at 860-910 kboe/d and LNG volumes at 7.7-8.3 million tonnes for Integrated Gas. Upstream production is projected at 1,900-2,050 kboe/d. Adjusted earnings for Chemicals and Oil Products are set to align with Q4 2021. Notably, the indicative refining margin increased to $10.23/bbl from $6.55/bbl. Overall, the guidance reflects commodity price volatility.
Shell plc announced the purchase of 2 million shares as part of its buy-back program on 6 April 2022. Shares were acquired at a volume weighted average price of £21.3128 per share. The company made these purchases across multiple trading venues, including LSE and Chi-X. This transaction aligns with its previously announced buy-back arrangement on 3 February 2022, which will continue until 4 May 2022. The trading decisions are managed independently by Citigroup Global Markets Limited.
Shell plc announced the purchase of 2.4 million shares on 5 April 2022 as part of its share buy-back arrangement initiated on 3 February 2022. The shares were bought at prices ranging from £20.9300 to £21.3150, with an average price of £21.1302 across various trading venues including LSE and BATS. Citigroup Global Markets Limited managed the trading decisions independently for this buy-back program, adhering to regulatory requirements from both EU and UK legislation. These actions are intended to enhance shareholder value through share cancellation.
On April 5, 2022, Shell plc disclosed transactions by Persons Discharging Managerial Responsibilities (PDMRs), who acquired dividend shares following the interim dividend payment on March 28, 2022. Key transactions included Jessica Uhl acquiring 308.24 SHELL shares at €24.91 and 249.19 SHEL ADS at $55.47. Other PDMRs such as Harry Brekelmans and Ronan Cassidy also acquired substantial share volumes. The report highlights continued share-based incentives despite Uhl's resignation as CFO effective March 31, 2022. More details are available in Shell's Annual Report for 2021.
Shell plc has published its 2021 Payments to Governments Report, detailing financial contributions made to various governments. This report is a regulatory requirement under the Disclosure and Transparency Rules and has been made available for public inspection through the National Storage Mechanism. For full details, the report can be downloaded from Shell's official website. The report highlights the company's commitment to transparency in its financial dealings with government entities.
Shell plc announced the purchase of 2.4 million shares for cancellation on April 4, 2022, as part of its share buyback program initiated on February 3, 2022. The purchases included transactions on various trading venues, with the highest price paid being £21.3600 and the lowest at £21.0250. The average price per share came to £21.1774. Citigroup Global Markets Limited managed the buyback decisions independently until May 4, 2022. These actions comply with the Market Abuse Regulation and relevant regulations post-Brexit.
Shell plc announced the purchase of 2.4 million shares on 1 April 2022 as part of its share buy-back program established on 3 February 2022. The shares were acquired across multiple trading venues, including LSE and BATS, with prices ranging from £20.84 to £21.21. The average price paid was approximately £21.07 per share. Citigroup Global Markets Limited is executing these trades independently until 4 May 2022, adhering to regulations outlined under UK MAR and EU MAR. This buy-back program aims to enhance shareholder value through the cancellation of repurchased shares.
On March 31, 2022, Jessica Uhl stepped down as Chief Financial Officer of Shell due to family circumstances. She will assist with the transition until June 30, 2022. As per the company’s Directors’ Remuneration Policy, she will receive a total of GBP 921,000 as a payment for loss of office, distributed over twelve bi-weekly installments. Jessica will continue to earn her base salary and benefits until her departure date, with pro-rated annual bonuses and long-term incentives subject to performance conditions. The company will update relevant information in its 2022 DRR.
Shell plc has announced its total voting rights and capital as of March 31, 2022, comprising 7,550,963,867 ordinary shares at €0.07 each. This figure excludes any treasury shares, as Shell holds none. Shareholders may use this number to assess their obligations under the FCA's Disclosure Guidance and Transparency Rules when reporting their interests. The reported figure includes shares from Shell's ongoing buy-back program, which have not yet been cancelled. This disclosure complies with regulatory requirements.
Shell plc announced the purchase of 2.4 million shares for cancellation on March 31, 2022. The shares were acquired across various trading venues, including LSE and BATS, with prices ranging from £20.7850 to £21.2100. This buy-back is part of a previously announced share repurchase program dated February 3, 2022, with trading decisions managed independently by Citigroup Global Markets Limited until May 4, 2022. The buy-back complies with EU and UK regulations concerning market abuse.
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