SHELL PLC Stock Price, News & Analysis

On March 28, 2023, Shell plc announced the repurchase of shares for cancellation as part of its ongoing buy-back program initiated on February 2, 2023. A total of 3,000,000 shares were purchased across various trading venues, including LSE, Chi-X, and others, at prices ranging from £22.415 to £26.105. The highest price paid was £22.745 GBP, while the lowest was £22.415 GBP. BNP Paribas Exane will manage trading decisions for this program until April 28, 2023. The buy-back aligns with the company's strategy to enhance shareholder value and complies with relevant market regulations.

Shell plc has released its Report on Payments to Governments for 2022, detailing payments made by the company and its subsidiaries in compliance with UK regulations. Total payments amounted to approximately $34.37 billion, with significant contributions from production entitlements ($15.06 billion), taxes ($11.34 billion), and royalties ($5.12 billion). Key payments were made in Nigeria ($4.52 billion), and Norway ($7.72 billion). The report highlights the company's transparency in its transactions with governments and is accessible for download at www.shell.com/payments.

Industrial Info Resources reports on the emergence of new liquefied natural gas (LNG) export facilities in North America, aimed at improving energy security. A notable project is the $7.2 billion Ksi Lisims LNG facility in British Columbia, capable of processing 2 billion cubic feet of natural gas per day. This follows consent for the Cedar LNG project, contributing to Canada's access to global markets. Despite these developments, Canadian natural gas production is projected to decline from 15.5 billion cubic feet per day in 2020 to 13 billion by 2050. In the U.S., LNG exports are forecasted to rise to 12.7 billion cubic feet per day next year, driven by stable production levels.

On 23 March 2023, Shell plc announced the purchase of 4,454,031 shares for cancellation, part of its ongoing buy-back program initiated on 2 February 2023. The shares were bought at various prices, with the highest at £23.225 and the lowest at £22.795 in GBP, and €26.410 to €26.010 in EUR. BNP Paribas Exane is tasked with managing the trading decisions for this program, scheduled until 28 April 2023. This initiative complies with the EU Market Abuse Regulation and UK laws regarding buy-back programs, ensuring transparency and adherence to regulatory requirements.

On 21 March 2023, Shell plc announced the purchase of 1,610,000 shares for cancellation as part of its ongoing share buyback program. The purchases occurred in various trading venues, with the highest price paid being £23.325 and the lowest at £22.295 in GBP, and €26.650 to €25.625 in EUR. BNP Paribas Exane is managing the trading decisions independently from the Company until 28 April 2023, following parameters set in the buyback contract approved by shareholders. This program is aimed at enhancing shareholder value and is conducted according to relevant market regulations.

On 17 March 2023, Shell plc announced the purchase of 5,170,000 shares for cancellation as part of its ongoing buy-back program initiated on 2 February 2023. The shares were acquired at prices ranging from £21.955 to £22.990 on the London Stock Exchange and other venues, with a volume-weighted average price of around £22.415 per share. The trading decisions were made independently by BNP Paribas Exane until 28 April 2023, adhering to regulatory requirements under EU MAR and UK MAR. This buyback is aligned with the company's strategy to enhance shareholder value.

Shell International Finance B.V. and Shell plc published several key documents on 16 March 2023. These include the Prospectus Supplement, Shell plc’s Annual Report for the year ending 31 December 2022, and Form 20-F for the same period. These documents should be read alongside the Information Memorandum dated 26 September 2022 and its subsequent supplements. The Annual Report provides comprehensive insights into Shell's financial performance, while the Form 20-F outlines adherence to SEC regulations. Further details can be accessed through provided URLs.

Shell plc has published its 2022 Energy Transition Progress Report, highlighting significant advancements toward becoming a net-zero emissions energy company by 2050. The report reveals a 30% reduction in carbon emissions from operations since 2016 and a 3.8% decrease in net carbon intensity of energy products sold. Shell's investments in renewable energy include a $1.6 billion stake in Sprng Energy, a $2 billion acquisition of Nature Energy, and the Holland Hydrogen 1 project. These efforts will be voted on by shareholders at the Annual General Meeting scheduled for May 23, 2023.

On March 15, 2023, Shell plc announced the purchase of 5,000,000 shares for cancellation as part of its ongoing share buy-back program initiated on February 2, 2023. These transactions took place across various trading venues, including LSE, Chi-X, and others, with shares priced between £22.710 and £27.900. The average price paid was approximately £23.376. BNP Paribas Exane executed trades independently, adhering to preset parameters and UK market regulations. This strategic move aims to enhance shareholder value and reduce overall share count, reflecting Shell's commitment to returning capital to investors.