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 on February 25, 2022, the purchase of 2,790,096 shares for cancellation under its share buy-back arrangement. The shares were acquired at various prices: the highest at £20.1250 and the lowest at £19.2980, with a volume-weighted average price of £19.7588. This buy-back program, managed by Citigroup Global Markets Limited, is set to continue until May 4, 2022, and is in accordance with UK and EU market regulations for share repurchases.
On February 25, 2022, Shell plc announced share transactions related to its Persons Discharging Managerial Responsibilities (PDMRs). A total of 8 PDMRs received shares as part of their annual bonuses, with 50% paid in cash and 50% in shares, subject to a three-year holding period. Notable transactions include Ben van Beurden receiving 29,597 shares at €23.34 and Jessica Uhl receiving 18,499 shares at the same price. The details of these transactions are in compliance with the EU Market Abuse Regulation, indicating transparency in executive compensation.
Shell plc announced the purchase of 2,700,000 shares on 24 February 2022 as part of its ongoing share buy-back programme. The shares were acquired across three trading venues, with prices ranging from £19.1320 to £20.3100, resulting in a volume-weighted average price of £19.7350. This buy-back operation aims to enhance shareholder value and reflects the company’s commitment to returning capital to its investors. The trading decisions are managed by Citigroup Global Markets Limited, independent of Shell, and will continue until 4 May 2022.
Shell plc announced the purchase of 2,750,000 shares for cancellation on February 23, 2022. The share buyback is part of a previously announced arrangement set on February 3, 2022. The average price paid per share was approximately £19.47, with the highest price at £19.64 and the lowest at £19.29. The purchases were made on London Stock Exchange and other trading venues. Citigroup Global Markets Limited will manage trading decisions independently until May 4, 2022.
Shell plc disclosed managerial transactions on February 22, 2022. Ronan Cassidy, the Chief Human Resources & Corporate Officer, executed a sale of 118,000 ordinary shares at an average price of £19.84, totaling £2,341,120. This transaction was reported as an initial notification under the EU and UK market abuse regulations. The shares were traded in London, and the identification code for the shares is GB00BP6MXD84.
Shell plc announced a share buyback on 22 February 2022, purchasing a total of 2,750,000 shares for cancellation. The shares were acquired at prices ranging from £19.4840 to £19.9940, with a volume-weighted average price of £19.7962. This buyback follows a prior arrangement disclosed on 3 February 2022, which allows Citigroup Global Markets Limited to make independent trading decisions until 4 May 2022. These transactions comply with the Market Abuse Regulation and support shareholder value through share reduction.
Shell plc announced on 21 February 2022 that it purchased a total of 1,500,000 shares for cancellation at a highest price of £19.7140 and a lowest price of £19.3300. This operation is part of a previously announced buy-back arrangement initiated on 3 February 2022. Citigroup Global Markets Limited will independently manage share trading decisions for this buy-back until 4 May 2022, complying with the regulations under EU and UK MAR. The purchases also reported a volume-weighted average price of £19.5191 per share.
Shell plc announced the purchase of 2,735,000 shares on 18 February 2022 as part of its share buy-back program. The highest price paid was £19.9400 and the lowest was £19.4900, with a volume weighted average price of £19.6229. The buy-back is managed by Citigroup Global Markets Limited and adheres to UK MAR guidelines. This move is aimed at enhancing shareholder value by reducing the number of shares in circulation.
Shell plc announced the purchase of 2,750,000 shares for cancellation on 17 February 2022. The shares were bought across various trading venues, with a highest price of £20.0800 and a lowest price of £19.5300. These transactions are part of a share buy-back arrangement initiated on 3 February 2022. The trading decisions are managed by Citigroup Global Markets and will follow specific parameters in line with market regulations.
Shell plc announced a notification of share purchase by Jane Lute, a non-executive director, as part of compliance with the EU and UK market abuse regulations. The transaction, reported on February 16, 2022, involved the purchase of 903 American Depository Shares (SHEL) at an average price of $55.32, totaling $49,954.21. This marks an initial notification of the insider transaction conducted on February 11, 2022, in New York.
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