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Shell plc announced on 7 May, 2024, the purchase of a significant number of its own shares for cancellation as part of its share buy-back program. The transactions were made on different trading venues at varying prices, contributing to the company's efforts to enhance shareholder value. BNP PARIBAS Financial Markets SNC will oversee the trading decisions independently until 26 July, 2024. The program complies with regulatory requirements and aims to optimize the company's capital structure.
Shell plc announced the purchase and cancellation of a number of its own shares as part of its share buy-back program. The purchases were made on 6 May, 2024 at varying prices through different trading venues. BNP PARIBAS Financial Markets SNC will make trading decisions independently for the program until 26 July 2024. The on-market and off-market limbs of the program will be conducted within set parameters and in compliance with relevant regulations. The company aims to repurchase shares in accordance with EU MAR and UK MAR regulations.
Shell plc announced the purchase of shares for cancellation as part of its buy-back program. BNP PARIBAS Financial Markets SNC will make trading decisions independently. The program is conducted in compliance with listing rules and market regulations.
Shell plc has announced the commencement of a $3.5 billion share buyback programme to reduce its issued share capital. The programme is scheduled to be completed before the Company's Q2 2024 results announcement. Shell has entered into contracts with a single broker for repurchasing ordinary shares on London and Netherlands exchanges. The total maximum consideration for share purchases under the contracts is $3.5 billion, with a maximum of 360 million ordinary shares to be repurchased. The programme will be conducted in compliance with relevant regulations.
Shell plc announced an interim dividend of US$0.344 per ordinary share for the first quarter of 2024. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling. The dividend payment dates and currency election deadlines were also provided. Additionally, shareholders can participate in Dividend Reinvestment Programmes (DRIPs) offered by various organizations.
Shell plc reported strong operational and financial performance in Q1 2024, with Adjusted Earnings of $7.7 billion and CFFO of $13.3 billion. The company announced a $3.5 billion share buyback program and maintained its 2024 cash capex outlook. Net debt reduced by $3 billion to $40.5 billion. Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions segments all showed positive performance. Renewables power generation capacity increased, and Shell Ventures continued to invest in energy and mobility transformation companies.
Shell Plc reported its unaudited results for the 1st quarter of 2024, showing increases in income attributable to shareholders and adjusted earnings. The company saw positive performances in its Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. Cash flow from operating activities was primarily driven by Adjusted EBITDA across segments. Net debt decreased, leading to lower gearing. Shell also announced a share buyback program. The company's outlook for the second quarter includes expected production levels and capital expenditures.
Shell plc has 6,390,616,745 ordinary shares of €0.07 each as of April 30, 2024, with no shares in Treasury. Shareholders can use this figure to calculate their interest in the company. This announcement complies with Disclosure Guidance and Transparency Rules.
