Welcome to our dedicated page for SHELL PLC news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on SHELL PLC stock.
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.
Our curated collection features verified press releases, regulatory filings, and analysis of key operational milestones. Users will find updates across Shell's core activities including upstream production performance, refining capacity adjustments, low-carbon energy investments, and partnership announcements in the energy transition space.
The resource consolidates critical information types: quarterly earnings disclosures, major project updates, sustainability reports, and leadership changes. All content maintains strict adherence to factual reporting standards, ensuring accessibility for both institutional investors and energy market observers.
For ongoing monitoring of Shell's market position and strategic direction, we recommend bookmarking this page and checking regularly for the latest verified updates directly from company sources and reputable financial publications.
On April 13, 2023, Shell plc announced the purchase of a total of 920,000 shares for cancellation as part of its existing share buy-back program initiated on February 2, 2023. The details of the purchases include:
- Date: 13/04/2023
- Shares Purchased: 670,000 at an average price of £24.422
- Shares Purchased: 50,000 at an average price of £24.420
- Shares Purchased: 200,000 at an average price of £24.423
These transactions were executed through BNP Paribas Exane, which is managing the trading decisions independently until April 28, 2023. The buy-back complies with the regulations under the Market Abuse Regulation (MAR) and the UK MAR.
On 11 April 2023, Shell plc announced the purchase of 1,000,000 shares for cancellation as part of its existing buy-back program initiated on 2 February 2023. The shares were bought at varying prices, with a highest price of £24.520 and a lowest price of £24.155. The volume-weighted average price paid per share was approximately £24.311. The buy-back program, executed by BNP Paribas Exane from 2 February to 28 April 2023, adheres to UK and EU market regulations. This strategic move to repurchase shares reflects Shell's commitment to enhancing shareholder value. The program follows established market parameters and is part of the company's broader strategy to manage capital effectively.
Shell's Q1 2023 Outlook indicates mixed expectations across various business segments.
Integrated Gas production is projected at 930-970 kboe/d, with LNG liquefaction volumes expected to increase due to higher uptime. Adjusted EBITDA outlook shows stable operating expenses at $1.2-$1.4 billion.
Upstream production is forecasted at 1,800-1,900 kboe/d, with underlying operating expenses down to $2.3-$2.8 billion. Tax charges are expected between $2.4-$3.2 billion.
Marketing results may be higher than Q4'22, while Chemicals show a downturn with expected losses and lower margins. The Renewables segment expects earnings between $0.1-$0.7 billion.
Overall, Shell anticipates significant tax-related impacts and fluctuations in working capital due to market volatility.
Shell plc announced the purchase of 1,150,000 shares on April 5, 2023, as part of its ongoing share buy-back program initiated on February 2, 2023. The share purchases were executed across various trading venues, including the London Stock Exchange and Chi-X, with prices ranging from £23.505 to £23.770. The program is managed by BNP Paribas Exane, operating independently until April 28, 2023. This initiative aligns with the Company's authority to repurchase shares both on and off the market, adhering to UK and EU market regulations.
Shell plc has announced the appointment of Bram Schot as an independent director on the Board of Cognizant Technology Solutions Corporation (Nasdaq: CTSH), effective April 3, 2023. This appointment aligns with the company's adherence to Listing Rule 9.6.14R(2). The announcement signifies Shell’s ongoing commitment to governance and the strategic utilization of its board members' expertise across different sectors.
This move is expected to enhance Shell's corporate governance framework and could positively influence its operational strategies in the long run.
Shell plc announced the purchase of 90,047 shares on 3 April 2023 as part of its ongoing share buy-back program. The shares were purchased at prices ranging from £23.820 to £23.980, with a volume-weighted average price of £23.959. These transactions were conducted on both the London Stock Exchange and alternative venues such as Chi-X and BATS. The buy-back program, initially announced on 2 February 2023, allows BNP Paribas Exane to make trading decisions independently until 28 April 2023. These actions comply with regulatory frameworks including the EU Market Abuse Regulation and its UK equivalent.
On April 3, 2023, Shell plc announced that its executives acquired dividend shares following an interim dividend payment made on March 27, 2023, for Q4 2022. Key PDMRs, including CEO Wael Sawan and CFO Sinead Gorman, purchased shares at prices ranging from €26.62 to £23.38. Notable transactions included 1,699.63 shares for Sawan at €26.62 and 409.04 shares for Gorman at £23.38. The total value of these transactions indicates continued confidence in company performance. For more details, refer to Shell's Annual Report available on their website.
On March 31, 2023, Shell USA, Inc. completed its acquisition of Volta Inc. for approximately USD 169 million in cash. This transaction positions Shell as a major player in the U.S. electric vehicle (EV) charging market, as it gains access to Volta's network of over 3,000 charge points across 31 states, along with a development pipeline of 3,400 more. The acquisition also includes repayment of Volta's USD 11 million debt and a USD 20 million loan to support Volta's balance sheet. Shell aims to operate over 500,000 charge points by 2025 and 2.5 million by 2030.
Shell plc announces its capital structure as of March 30, 2023, consisting of 6,859,360,924 ordinary shares with a nominal value of €0.07 each. The company does not hold any shares in Treasury. This share count serves as the denominator for shareholders to assess their obligation to report interests under the FCA's Disclosure Guidance and Transparency Rules. The announcement is made in compliance with regulatory requirements.
On March 30, 2023, Shell plc announced the purchase of 2,811,000 shares as part of its ongoing buy-back program initiated on February 2, 2023. The transactions included various trading venues such as LSE, Chi-X, and XAMS, with an average price per share ranging from £23.193 to €26.554. The highest price paid for shares reached £23.395, while the lowest was £22.855. BNP Paribas Exane is responsible for executing trades independently until April 28, 2023. This initiative adheres to regulatory guidelines under EU MAR and UK MAR, ensuring compliance with share repurchase regulations.
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