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 International Finance B.V. and Shell plc have released a prospectus supplement dated 5 April 2022, which includes essential financial documents such as Shell plc's Annual Report and Form 20-F for the year ending 31 December 2021. These documents provide comprehensive insights into the company's performance and must be reviewed alongside the Information Memorandum dated 12 August 2021 and its prior supplement. The full details are essential for investors and can be accessed through provided URLs.
Shell plc has announced share repurchases on 7 April 2022, purchasing 2,482,950 shares for cancellation, conducted under an existing buy-back agreement initiated on 3 February 2022. The shares were acquired at prices ranging from £20.7800 to £21.2300. Transactions included 982,950 shares at a volume-weighted average price of £20.9969 on LSE, 800,000 shares at £21.0148 on BATS, and 700,000 shares at £21.0126 on Chi-X. Citigroup Global Markets Limited is managing the buy-back process independently until 4 May 2022.
The first quarter 2022 outlook for Shell indicates significant expected charges between $4 to $5 billion due to impairments related to Russia activities, although these will not affect Adjusted Earnings. Adjusted EBITDA forecasts show production at 860-910 kboe/d and LNG volumes at 7.7-8.3 million tonnes for Integrated Gas. Upstream production is projected at 1,900-2,050 kboe/d. Adjusted earnings for Chemicals and Oil Products are set to align with Q4 2021. Notably, the indicative refining margin increased to $10.23/bbl from $6.55/bbl. Overall, the guidance reflects commodity price volatility.
Shell plc announced the purchase of 2 million shares as part of its buy-back program on 6 April 2022. Shares were acquired at a volume weighted average price of £21.3128 per share. The company made these purchases across multiple trading venues, including LSE and Chi-X. This transaction aligns with its previously announced buy-back arrangement on 3 February 2022, which will continue until 4 May 2022. The trading decisions are managed independently by Citigroup Global Markets Limited.
Shell plc announced the purchase of 2.4 million shares on 5 April 2022 as part of its share buy-back arrangement initiated on 3 February 2022. The shares were bought at prices ranging from £20.9300 to £21.3150, with an average price of £21.1302 across various trading venues including LSE and BATS. Citigroup Global Markets Limited managed the trading decisions independently for this buy-back program, adhering to regulatory requirements from both EU and UK legislation. These actions are intended to enhance shareholder value through share cancellation.
On April 5, 2022, Shell plc disclosed transactions by Persons Discharging Managerial Responsibilities (PDMRs), who acquired dividend shares following the interim dividend payment on March 28, 2022. Key transactions included Jessica Uhl acquiring 308.24 SHELL shares at €24.91 and 249.19 SHEL ADS at $55.47. Other PDMRs such as Harry Brekelmans and Ronan Cassidy also acquired substantial share volumes. The report highlights continued share-based incentives despite Uhl's resignation as CFO effective March 31, 2022. More details are available in Shell's Annual Report for 2021.
Shell plc has published its 2021 Payments to Governments Report, detailing financial contributions made to various governments. This report is a regulatory requirement under the Disclosure and Transparency Rules and has been made available for public inspection through the National Storage Mechanism. For full details, the report can be downloaded from Shell's official website. The report highlights the company's commitment to transparency in its financial dealings with government entities.
Shell plc announced the purchase of 2.4 million shares for cancellation on April 4, 2022, as part of its share buyback program initiated on February 3, 2022. The purchases included transactions on various trading venues, with the highest price paid being £21.3600 and the lowest at £21.0250. The average price per share came to £21.1774. Citigroup Global Markets Limited managed the buyback decisions independently until May 4, 2022. These actions comply with the Market Abuse Regulation and relevant regulations post-Brexit.
Shell plc announced the purchase of 2.4 million shares on 1 April 2022 as part of its share buy-back program established on 3 February 2022. The shares were acquired across multiple trading venues, including LSE and BATS, with prices ranging from £20.84 to £21.21. The average price paid was approximately £21.07 per share. Citigroup Global Markets Limited is executing these trades independently until 4 May 2022, adhering to regulations outlined under UK MAR and EU MAR. This buy-back program aims to enhance shareholder value through the cancellation of repurchased shares.
On March 31, 2022, Jessica Uhl stepped down as Chief Financial Officer of Shell due to family circumstances. She will assist with the transition until June 30, 2022. As per the company’s Directors’ Remuneration Policy, she will receive a total of GBP 921,000 as a payment for loss of office, distributed over twelve bi-weekly installments. Jessica will continue to earn her base salary and benefits until her departure date, with pro-rated annual bonuses and long-term incentives subject to performance conditions. The company will update relevant information in its 2022 DRR.