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 announced on 14 February 2022 the purchase of 2,725,000 shares for cancellation as part of its ongoing share buy-back program. The shares were bought at prices ranging from £19.8880 to £20.4350, with a volume-weighted average price of £20.0716. This action aligns with the company's strategy to optimize capital and enhance shareholder value. The buy-back will be executed through Citigroup Global Markets Limited, operating independently from Shell.
Shell plc announced the purchase of 2,750,000 shares for cancellation on 11 February 2022. The shares were acquired at prices ranging from £19.9880 to £20.4900, with a volume-weighted average price of £20.2079 per share. This activity is part of the share buy-back arrangement initiated on 3 February 2022. Citigroup Global Markets Limited is executing share trading decisions independently under this arrangement, effective until 4 May 2022. The company emphasizes compliance with UK and EU regulations concerning share repurchases.
On February 10, 2022, Shell plc announced the disposal of 120,000 ordinary shares by Harry Brekelmans, Projects & Technology Director. The shares were sold at an average price of €24.54 each, totaling approximately €2,944,293.34. The transaction occurred on February 8, 2022, on the Euronext Amsterdam exchange. This notification adheres to the EU and UK market abuse regulations, offering transparency regarding managerial transactions within the company.
Shell plc announced on 10 February 2022 the purchase of 2,900,000 shares for cancellation as part of its share buy-back program initiated on 3 February 2022. The shares were bought at various prices, with the highest at £20.4050 and the lowest at £19.9540, averaging £20.1996 per share. Transactions occurred on the LSE and other venues, and decisions were made by Citigroup Global Markets Limited under set regulations for buy-back programs. This initiative aligns with their strategy to enhance shareholder value.
CEOs James D. Farley Jr. of Ford and Patti Poppe of PG&E will engage in a significant dialogue at CERAWeek 2022, held March 7-11 in Houston. This special session, moderated by Daniel Yergin, will focus on the impact of electric vehicles on both industries and consumers. The event aims to address the complexities of the energy transition amidst an $86 trillion economy. IHS Markit, organizers of CERAWeek, emphasizes the conference's role in discussing energy transformation and its implications for future innovations.
On February 9, 2022, Shell plc notified regulatory authorities regarding the disposal of 190,000 ordinary shares by CEO Ben Van Beurden, executed at an average price of £20.40. The total transaction value amounted to £3.88 million. The shares were sold across multiple trading venues, demonstrating a significant liquidity event. This divestiture raises questions about insider selling and its implications for shareholder sentiment as well as the overall market perception of Shell's future performance.
Shell plc has announced the repurchase of 2,080,465 shares on 9 February 2022 as part of its ongoing buy-back program. The shares were purchased at prices ranging from £19.7680 to £20.3850, with a volume-weighted average price of £20.0664. This transaction aligns with the company's strategy to enhance shareholder value, as stated in their previous announcement on 3 February 2022. Citigroup Global Markets Limited is executing these trades independently, adhering to relevant regulations.
On February 9, 2022, Shell plc disclosed under the EU Market Abuse Regulation the conditional awards of performance shares to its Persons Discharging Managerial Responsibilities (PDMRs) as part of the Long Term Incentive Plan. Key awards include 209,131 shares for CEO Ben van Beurden and 61,242 shares for CFO Jessica Uhl, among others. The awards are contingent upon performance conditions set by the Remuneration Committee. Overall, the total share value awarded sums to approximately £4.26 million for the listed individuals.
The 40th annual CERAWeek by IHS Markit will take place from March 7-11, 2022, in Houston, featuring prominent speakers like John Kerry, the U.S. Special Presidential Envoy for Climate. The conference will focus on 'Pace of Change: Energy, Climate and Innovation,' addressing challenges in emission reduction and energy needs. The event, returning to in-person format, will include discussions on key themes such as energy transition and technological innovation. Registration for attendees and media accreditation is now open.
Shell plc announced a share buy-back on 8 February 2022, acquiring 1,964,763 shares at an average price of £20.3818 on the LSE, along with 1,000,000 shares at £20.3494 on BATS, and 500,000 shares at £20.4031 on Chi-X. This purchase is part of a wider buy-back program initiated on 3 February 2022, where Citigroup Global Markets Limited is tasked with making independent trading decisions until 4 May 2022. The trades comply with EU MAR and UK MAR regulations.