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Shell plc (NYSE: SHEL) is a global energy leader with integrated operations spanning oil and gas exploration, liquefied natural gas (LNG) production, and renewable energy initiatives. This page provides investors and industry professionals with direct access to Shell's official announcements, strategic updates, and market-moving developments.
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Shell plc announced the acquisition of dividend shares by several Persons Discharging Managerial Responsibilities (PDMRs) following the interim dividend payment on June 24, 2024. The transactions, which took place on June 27, 2024, involved shares previously delivered under the annual bonus or vested under employee share plans.
PDMRs acquiring shares include CEO Wael Sawan, CFO Sinead Gorman, Legal Director Philippa Bounds, Projects & Technology Director Robertus Mooldijk, Chief Human Resources & Corporate Officer Rachel Solway, Downstream, Renewables & Energy Solutions Director Huibert Vigeveno, and Integrated Gas & Upstream Director Zoe Yujnovich. The shares were acquired on both the Amsterdam (EUR 33.41 per share) and London (GBP 28.18 per share) stock exchanges. Detailed share counts and transaction values for each PDMR are disclosed in the notification.
More information is available in Shell's Annual Report and Form 20-F for the year ended December 31, 2023.
Shell plc has announced its total voting rights and capital as of June 28, 2024. The company's capital consists of 6,324,115,486 ordinary shares, each valued at €0.07. Notably, Shell holds no shares in Treasury. This figure is essential for shareholders to determine whether they need to notify any changes in their interest in Shell under the FCA's Disclosure Guidance and Transparency Rules. The announcement complies with DGTR 5.6.1 and 5.6.1A, including shares from Shell's buy-back program that are not yet canceled.
Shell announced on 27 June 2024, that it had repurchased a total of 9,000 shares as part of its ongoing share buy-back program initiated on 2 May 2024. The shares were acquired across various trading venues, including LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. The highest price paid was £28.2700, and the lowest was £28.0900, with an overall volume-weighted average price of £28.1850 for GBP transactions and €33.3554 for EUR transactions. The buy-back program, managed by BNP PARIBAS Financial Markets SNC, complies with the EU and UK Market Abuse Regulations. The program will continue until 26 July 2024, with on-market and off-market purchases being executed under pre-set conditions.
On June 25, 2024, Shell purchased a total of 9,999 shares across various trading venues as part of its ongoing share buyback program announced on May 2, 2024. The purchases included:
- 4,449 shares on LSE at an average price of £28.1444.
- 420 shares on BATS (BXE) at £28.1161.
- 131 shares on Chi-X (CXE) at £28.1600.
- 3,776 shares on XAMS at €33.4064.
- 872 shares on CBOE DXE at €33.3905.
- 352 shares on TQEX at €33.3980.
The program is managed independently by BNP PARIBAS Financial Markets SNC and follows both EU MAR and UK MAR regulations.
On 21 June 2024, Shell announced the repurchase of its own shares as part of its ongoing share buy-back program initiated on 2 May 2024. The company bought a total of 998,000 shares across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The transactions were conducted independently by BNP PARIBAS Financial Markets SNC within pre-set parameters. The purchase prices ranged from £27.4700 to £27.7750 for GBP transactions and €32.5850 to €32.9350 for EUR transactions. The program aims to enhance shareholder value and is conducted according to regulatory frameworks stipulated by EU MAR and UK MAR.
On 18 June 2024, Shell announced the purchase of 1,278,237 shares for cancellation as part of its ongoing share buy-back program. This program, which commenced on 2 May 2024 and will run until 26 July 2024, involves both on- and off-market transactions conducted by BNP Paribas Financial Markets SNC. The purchases were made at various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, with prices ranging from £27.2000 to £27.3750 and €32.3050 to €32.4950. The buy-back program complies with UK and EU MAR regulations, ensuring adherence to legal frameworks governing share repurchase activities.
On June 13, 2024, Shell announced the repurchase of 3,445,000 shares as part of its ongoing share buy-back program. This transaction included both on-market and off-market purchases across multiple trading venues like LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The share prices ranged from £27.2000 to £27.5350 for GBP-denominated shares and €32.3350 to €32.6800 for EUR-denominated shares. BNP PARIBAS Financial Markets SNC independently managed the buy-back process under existing legal frameworks. This initiative aligns with Shell's goal to manage share capital efficiently.
On June 11, 2024, Shell plc announced the purchase and cancellation of specific shares as part of its existing buy-back program initiated on May 2, 2024. The company bought 655,910 shares on the LSE, 92,071 on Chi-X, and 56,019 on BATS at an average price of £27.4738, £27.4516, and £27.4639 respectively. Additionally, it purchased 201,518 shares on XAMS, 90,189 on CBOE DXE, and 35,293 on TQEX at an average price of €32.6641, €32.6655, and €32.6657 respectively. BNP PARIBAS Financial Markets SNC will handle the trading until July 26, 2024, independently of the company. The program adheres to Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation.
On June 10, 2024, Shell plc announced the euro and pounds sterling equivalent dividend payments for the first quarter of 2024, originally declared on May 2, 2024, at US$0.344 per ordinary share. Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling. Those who opted for their preferred currency by June 3, 2024, are entitled to US$0.344, €0.3166, or 26.94p per share. If no election was made, dividends will default to euros or pounds sterling based on the holding method. The dividends, converted from US dollars, will be payable on June 24, 2024, for members registered by May 17, 2024. Currency exchanges were calculated using market rates from June 5-7, 2024.
On June 7, 2024, Shell purchased a total of 1,319,000 shares for cancellation as part of its ongoing share buy-back program. The buy-back involved purchases at different trading venues: LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. Prices ranged from £27.2000 to £27.4850 in the UK and €32.1500 to €32.4900 in Europe, with volume-weighted average prices of £27.3101, £27.3163, £27.3178, €32.2722, €32.2662, and €32.2582, respectively. The program, running from May 2 to July 26, 2024, is managed by BNP PARIBAS Financial Markets SNC, which exercises independent trading decisions. The buy-back adheres to both EU and UK market regulations.