Welcome to our dedicated page for Shell news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on Shell stock.
Shell plc reports recurring developments for an integrated energy group with American depositary shares that each represent two ordinary shares. Company news commonly covers operating and financial results across Integrated Gas, Upstream, Marketing, and Chemicals and Products, including LNG, production, trading and optimisation, refining, and chemicals activities.
Other updates focus on shareholder distributions and capital management, including interim dividends, share buyback programmes, purchases of ordinary shares for cancellation, and related Market Abuse Regulation disclosures. Shell also publishes governance and ownership notices, including annual meeting materials, director and PDMR shareholding notifications, and financial statements from Shell International Finance B.V.
On 30 May 2022, Shell plc announced the purchase of 4,012,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The share buy-back was executed under the direction of BNP Paribas Exane from 5 May through 22 July 2022, adhering to regulatory frameworks including EU and UK Market Abuse Regulations. The shares were acquired at varying prices, with a volume-weighted average price of £23.684 per share. This initiative reflects Shell's strategic approach to enhance shareholder value through share reduction.
On 27 May 2022, Shell plc announced the purchase of 4,959,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The shares were acquired across various trading venues, including LSE and Chi-X, at prices ranging from £23.545 to £24.095. The aggregated volume-weighted average price paid per share was £23.766. BNP Paribas Exane is managing these purchases independently in accordance with regulations pertaining to share buy-backs and market abuse.
On 26 May 2022, Shell plc announced the purchase of 4,980,000 shares for cancellation as part of its share buy-back program initiated on 5 May 2022. The shares were acquired across various trading venues, including LSE and Chi-X, at an average price of £24.051. The buy-back program is executed under the guidelines of EU and UK Market Abuse Regulations, allowing independent trading decisions by BNP Paribas Exane until 22 July 2022. This move is intended to optimize share value and return capital to shareholders.
On May 25, 2022, Shell plc announced the purchase of 3,951,000 shares for cancellation under its buy-back program initiated on May 5, 2022. The shares were acquired at a volume-weighted average price of £23.844 per share on the London Stock Exchange and other venues. The buy-back is managed by BNP Paribas Exane, which will execute trades independently until July 22, 2022. This initiative is in compliance with relevant market regulations, including EU and UK Market Abuse Regulations.
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On 24 May 2022, SHELL announced the purchase of 3,954,000 shares for cancellation as part of its previously announced share buy-back program from 5 May to 22 July 2022. The purchases include shares traded on LSE and Chi-X, with a volume weighted average price of approximately 23.603 GBP. BNP Paribas Exane manages this buy-back program independently, adhering to the UK and EU Market Abuse Regulations. This initiative reflects SHELL's commitment to enhancing shareholder value.
On May 24, 2022, Shell plc held its Annual General Meeting, where resolutions 1-20 were successfully passed, while resolution 21 (a shareholder resolution) did not pass. Notable voting results included 98.43% in favor of the annual report and 95.92% approval for the directors’ remuneration report. CEO Ben van Beurden emphasized the importance of shareholder support as Shell transitions towards becoming a Net-Zero Emissions energy business by 2050. He acknowledged the need for further consultation with shareholders regarding the vote outcomes.
On May 23, 2022, Shell plc announced a share buyback program, purchasing a total of 3,911,000 shares for cancellation. The shares were acquired across various trading venues, with prices ranging from £23.500 to £23.890. This activity follows a previously disclosed buy-back arrangement initiated on May 5, 2022, where BNP Paribas Exane makes independent trading decisions. The transactions are conducted under the guidelines of the Market Abuse Regulation (MAR), both EU and UK versions.
On May 20, 2022, Ed Daniels, a Person Discharging Managerial Responsibilities at Shell, modified his participation in a Dividend Reinvestment Plan (DRIP) to receive cash dividends on his holdings. He currently holds 34,152 shares in an Equiniti Nominee Account. This transaction was reported in compliance with the EU Market Abuse Regulation. The notification highlights corporate governance transparency and Ed Daniels's strategic decisions regarding his shareholdings.
On 20 May 2022, Shell plc announced the purchase of a total of 3,935,000 shares for cancellation under its share buy-back program initiated on 5 May 2022. The shares were acquired across three venues: LSE, Chi-X, and BATS, with the highest price per share at 23.790 GBP and the lowest at 23.290 GBP. This buy-back is part of an ongoing arrangement managed independently by BNP Paribas Exane. This initiative aims to enhance shareholder value through stock reduction, aligning with the company’s financial strategy.