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Shell plc (NYSE: SHEL) is a British multinational oil and gas company headquartered in London, England. As an integrated oil and gas company, Shell engages in the exploration, production, refining, and marketing of oil and natural gas. The company’s operations span across Europe, Asia, Oceania, Africa, and the Americas.
Shell produced an average of 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day in 2023. At the end of 2023, Shell’s reserves stood at 9.6 billion barrels of oil equivalent, with 49% consisting of liquids. The company operates refineries with a combined capacity of 1.6 million barrels per day and sells approximately 12 million tons of chemicals annually. Shell’s largest chemical plants are situated in Central Europe, China, Singapore, and North America.
In recent developments, Shell has released its 2023 report on payments to governments, complying with UK and EU regulations, and submitted this report to the National Storage Mechanism and the US SEC. The company is scheduled to publish its Q1 2024 financial results on May 2, 2024, with a strong outlook presented for its various segments including Integrated Gas, Upstream, Marketing, Chemicals & Products, and Renewables & Energy Solutions.
Shell remains committed to its energy transition strategy, aiming for net-zero emissions by 2050. The company’s operating plans and budgets are updated annually to reflect the current economic environment and include targets for Scope 1, Scope 2, and Net Carbon Intensity.
The company has also announced an interim dividend for Q1 2024, payable in multiple currencies. Shareholders can participate in Dividend Reinvestment Programs to reinvest their dividends into Shell shares.
Shell plc announced that two Persons Discharging Managerial Responsibilities (PDMRs), Sinead Gorman and Ed Daniels, have vested in a total of 56 ordinary shares each under the Powering Progress Share Award (PPSA) on June 20, 2022. This transaction follows the conditional awards granted on June 18, 2021. The shares were issued without a specified price, indicating potentially minimal immediate financial impact. This disclosure is in accordance with the EU and UK Market Abuse Regulations, underscoring compliance and transparency within the company.
On June 22, 2022, Shell plc announced the purchase of 4,573,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The shares were bought across multiple trading venues including LSE, Chi-X, and BATS. The highest price paid was £20.920, while the lowest was £20.540, with a volume-weighted average price of £20.722. This transaction aligns with Shell's strategy to enhance shareholder value and complies with relevant regulations including EU and UK Market Abuse Regulations.
On June 21, 2022, Shell plc announced the purchase of 4,329,966 shares for cancellation as part of its buy-back program initiated on May 5, 2022. The trades were executed by BNP Paribas Exane independently, adhering to pre-set parameters and regulations. The highest price paid was £21.640, while the lowest was £21.140, with a volume-weighted average price of £21.436. These actions are designed to enhance shareholder value by reducing the number of shares outstanding.
On June 20, 2022, Shell plc announced the purchase of 4,535,111 shares for cancellation under its share buy-back program initiated on May 5, 2022. The average price paid per share was £21.041, with prices ranging from £20.465 to £21.295 across various trading venues including the LSE and Chi-X. This buy-back strategy is being executed by BNP Paribas Exane, operating independently to maintain compliance with market regulations. This reflects Shell's commitment to enhancing shareholder value while adhering to legal frameworks.
On June 17, 2022, Shell plc announced the purchase of 4,278,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The shares were acquired across various trading venues including LSE, Chi-X, and BATS. The highest price paid was 21.415 GBP, while the lowest was 20.430 GBP. The transactions comply with EU and UK regulations regarding buy-back programs. This initiative aims to enhance shareholder value by reducing the number of shares in circulation.
On June 16, 2022, Shell plc announced the purchase of 4,000,000 shares for cancellation as part of its ongoing buy-back program initiated on May 5, 2022. The shares were acquired at prices ranging from £21.385 to £22.720, with a volume-weighted average price of £21.819. BNP Paribas Exane managed the trading decisions independently until July 22, 2022. This share buy-back is compliant with EU MAR and UK MAR regulations, aimed at enhancing shareholder value.
Valhalla Boatworks has joined the Yamaha Rightwaters plastics recycling program, contributing to a total of 17,911 pounds of recycled Polyethylene and Polypropylene since the program's inception in August 2021. The initiative aims to reduce plastic waste in U.S. waterways by returning protective covers to be converted into raw materials. Yamaha Rightwaters supports marine sustainability through various conservation efforts, emphasizing its commitment to environmental stewardship and sustainable recreational fishing.
On 15 June 2022, Shell plc announced the purchase of 3,100,000 shares at a volume-weighted average price of £22.827. Additionally, 450,000 shares were acquired at a volume-weighted average of £22.833 from Chi-X and BATS trading venues. These transactions are part of a share buy-back program initiated on 5 May 2022, managed independently by BNP Paribas Exane. The buy-back complies with UK MAR and EU MAR regulations, reflecting Shell's strategic approach to enhance shareholder value.
On June 14, 2022, Shell plc reported the repurchase of 4,000,000 shares as part of its ongoing buy-back program initiated on May 5, 2022. The bought shares were acquired at varying prices, with the highest at £23.365 and the lowest at £22.685. This transaction adheres to the regulations set forth by both EU and UK Market Abuse Regulations. The trading decisions regarding these purchases were made independently by BNP Paribas Exane.
On June 13, 2022, Shell plc announced the purchase of 4,000,000 shares as part of its buy-back program initiated on May 5, 2022. The shares were acquired at a range of prices, with the highest at 23.250 GBP and the lowest at 22.595 GBP. The average price paid per share was 22.812 GBP. These transactions were conducted independently by BNP Paribas Exane and comply with the relevant market regulations, including EU MAR and UK MAR. The buy-back arrangement aims to enhance shareholder value by reducing the number of shares in circulation.
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