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 246,199 shares for cancellation on February 4, 2022, at a maximum price of £20.20 and a minimum price of £19.98. Additional purchases included 51,529 shares at a maximum of £20.17 and a minimum of £19.98, and 19,602 shares at a maximum of £20.15 and a minimum of £19.98. These transactions are part of the company’s buyback arrangement initiated on February 3, 2022, with Citigroup managing trading decisions until May 4, 2022.
Shell plc announced a correction to its previous notification regarding major holdings. The erroneous footnote has been rectified, with no other details altered. BlackRock, Inc. reported a change in its voting rights, increasing its stake from 5.97% to 6.71% of Shell's voting rights, as per the notification dated 2 February 2022. The updated threshold change occurred on 31 January 2022, indicating a significant acquisition or disposal of voting rights.
Shell plc announced the purchase of 2,900,000 shares on February 3, 2022, as part of its share buy-back arrangement. The purchases included:
- 2,100,000 shares at an average price of £19.5366 on LSE.
- 550,000 shares at £19.5435 traded on BATS.
- 250,000 shares at £19.5376 on Chi-X.
These transactions will be managed independently by Citigroup Global Markets Limited until May 4, 2022, in compliance with UK and EU regulations.
On February 2, 2022, Shell plc announced a major shareholding notification regarding BlackRock, Inc. BlackRock increased its voting rights in Shell to 7.22%, up from 6.97% in the previous notification. This change is attributed to an acquisition of voting rights that took place on January 31, 2022. Specifically, BlackRock holds 513,401,704 voting rights directly, representing 6.71%, and additional voting rights through financial instruments accounting for 0.51%. This shift reflects BlackRock's significant investment strategy and its ongoing commitment to Shell.
Shell plc has launched an $8.5 billion share buyback program for H1 2022, funded by the remaining $5.5 billion from its Permian divestment and $3.0 billion from its capital allocation framework. The first tranche of $4.0 billion is set to run until May 4, 2022, aiming to reduce issued share capital, with up to 622,094,828 shares eligible for repurchase. The program represents about 20-30% of cash flow from operations and is expected to conclude by Shell's Q2 results on July 28, 2022.
Shell plc announced an interim dividend of US$ 0.24 per share for Q4 2021, with a projected increase to US$ 0.25 for Q1 2022. The dividend will not be subject to Dutch withholding tax due to the company's tax residence being in the UK. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling. Key dividend dates include: ex-dividend date on February 17, 2022, record date on February 18, 2022, and payment date on March 28, 2022.
Shell announced strong financial results for Q4 2021, with adjusted earnings of $6.4 billion and a total cash flow from operations of $55 billion for the year. Aiming to enhance shareholder value, Shell will initiate an $8.5 billion share buyback program and increase the dividend by approximately 4% to $0.25 per share for Q1 2022. Net debt was reduced to $52.6 billion, and cash capital expenditure in 2021 was disciplined at $20 billion. The company emphasized its commitment to decarbonization and customer-centric strategies moving forward.
Shell plc reported a strong fourth quarter for 2021, with a net income of $11.5 billion, marking a significant recovery from a loss of $4 billion during Q4 2020. Full-year income attributable to shareholders reached $20.1 billion, a 193% improvement from 2020. Adjusted earnings saw a substantial rise, hitting $6.4 billion in Q4 and $19.3 billion for the year. The company generated $8.2 billion in cash flow from operations in Q4. Additionally, Shell announced a dividend of $0.24 per share and $1.7 billion in share buybacks, supported by divestment proceeds from the Permian sale. Operating expenses increased slightly by 3% compared to Q3 2021.
Shell plc announces its total voting rights as of January 31, 2022, comprising 7,650,025,905 ordinary shares of €0.07 each. The company does not hold any shares in Treasury. This figure is relevant for shareholders to determine if they need to notify changes in their interest under the FCA's Disclosure Guidance and Transparency Rules. It includes shares bought back by Shell but not yet cancelled. This announcement complies with the Disclosure Guidance and Transparency Rules 5.6.1 and 5.6.1A.
On January 31, 2022, Shell plc announced the successful assimilation of its A and B shares into a single line of ordinary shares, effective January 29, 2022. This change aims to simplify the company's share structure and align its tax residence with the UK. As a result, Shell shares will trade as a single line on Euronext Amsterdam and the London Stock Exchange. The current total number of Shell plc ordinary shares is 7,650,025,905, serving as the basis for shareholders to notify any changes in their interests under regulatory rules. No new share certificates will be issued.
FAQ
What is the current stock price of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?
What is the market cap of Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL)?
What does Shell plc do?
Where is Shell plc headquartered?
What are Shell's recent achievements?
What is Shell's net-zero emissions target?
How does Shell report its payments to governments?
When will Shell's Q1 2024 financial results be published?
What is the capacity of Shell's refineries?
Where are Shell's largest chemical plants located?
Does Shell offer a Dividend Reinvestment Program?
What are Shell's main business segments?
