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.
Shell plc has reported the conditional award of performance shares under the Long Term Incentive Plan (LTIP). On May 6, 2022, Sinead Gorman received 105,675 shares, while Ed Daniels was awarded 61,000 shares, with both tied to performance conditions set by the Remuneration Committee. Each share is valued at £23.00, totaling approximately £2.43 million and £1.40 million respectively. This notification complies with Article 19 of the EU Market Abuse Regulation.
On May 10, 2022, Shell announced the purchase of 2,703,000 shares for cancellation at an average price of £22.281, part of a previously disclosed buy-back program. Additional purchases included 445,000 and 419,000 shares at £22.273 and £22.269, respectively, on the same day. These transactions follow the company’s share buy-back arrangement with BNP Paribas Exane, which will conduct trading decisions independently until July 22, 2022. The buy-back is compliant with both EU and UK regulations regarding such programs.
Shell USA Inc. and the National Science Teaching Association (NSTA) announced the winners of the Shell Science Lab Regional Challenge, recognizing innovative K–12 teachers enhancing science education. The grand-prize winners include Gwenevere Jones and Jennifer Murphy-Feagin from Craighead Elementary, Samantha Mendenhall from Port Allen Middle School, and Jessica Thomas from Pecos High School, awarded lab makeover support packages valued at $10,000 and $15,000 respectively. They will also receive $5,000 to attend a future NSTA conference.
On May 9, 2022, Huibert Vigeveno, a director on Shell's Executive Committee, executed an initial notification regarding the sale of 16,357 ordinary shares at an average price of €27.13, totaling €443,704.59. This transaction was conducted on Euronext Amsterdam. Investors should note the potential implications of insider selling on market perception and stock performance. Shell's ongoing commitment to transparency is demonstrated through compliance with EU and UK market abuse regulations.
Shell plc has provided clarification regarding Resolution 20 on its Energy Transition Progress for 2021, emphasizing shareholder engagement during this period. The board expresses gratitude for the supportive advisory vote and notes that feedback was previously detailed in the 2021 Annual Report. The resolution aims to approve the progress as outlined in the Annual Report and the Shell Energy Transition Progress Report. Shell acknowledges calls for more information on engagement and commits to improving future disclosures, ensuring transparency is maintained throughout the energy transition journey.
On 09 May 2022, Shell plc announced the purchase of 3,587,000 shares for cancellation as part of its previously announced buy-back program. The shares were acquired across multiple trading venues, including LSE, Chi-X, and BATS, with a volume-weighted average price of £22.770. The buy-back arrangement, managed by BNP Paribas Exane, will run until 22 July 2022 and is conducted in compliance with established regulations such as EU MAR and UK MAR.
On May 6, 2022, Shell plc announced a share buy-back plan, purchasing 3,532,000 shares across various trading venues. The shares were bought at an average price of £23.131 per share, with the highest price at £23.290 and the lowest at £22.880. This initiative follows a prior announcement on May 5, 2022, with BNP Paribas Exane executing trades independently until July 22, 2022. The buy-back aligns with regulatory guidelines under EU and UK Market Abuse Regulations.
On May 5, 2022, Shell plc announced the purchase of 1,913,447 shares for cancellation as part of its ongoing buy-back program. The shares were acquired at prices ranging from £22.650 to £22.950 across different trading venues, including LSE, Chi-X, and BATS. The total volume-weighted average price paid per share was £22.897. BNP Paribas Exane is managing the buy-back, making independent trading decisions from May 5 until July 22, 2022. This strategic move complies with EU MAR and UK MAR regulations related to share buy-backs.
Shell plc has announced the start of its second tranche in the $8.5 billion share buyback programme, aimed at reducing its issued share capital. The first tranche, completed on May 4, 2022, involved the repurchase of 148.2 million shares for $4 billion. The current tranche has a maximum consideration of $4.5 billion and is expected to conclude by July 22, 2022. This initiative reflects Shell's commitment to enhancing shareholder value through strategic capital deployment.
Shell plc announced an interim dividend of US$ 0.25 per ordinary share for Q1 2022, effective May 5, 2022. The ex-dividend date for both ordinary shares and American Depository Shares (ADSs) is set for May 19, 2022, while the payment date is scheduled for June 27, 2022. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling, with the equivalent amounts announced on June 13, 2022. Changed tax residence to the UK means no Dutch withholding tax applies on these dividends.