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 plc has announced its 2025 quarterly interim dividend timetable. The schedule outlines key dates for four dividend payments throughout 2025, including announcement dates, ex-dividend dates for both ADSs and ordinary shares, record dates, currency election closing dates, and payment dates. The first payment of 2025, relating to Q4 2024, will be announced on January 30, 2025, with payment scheduled for March 24, 2025. Subsequent payments for Q1, Q2, and Q3 2025 will be distributed in June, September, and December 2025, respectively.
Shell plc announces a $3.5 billion share buyback programme to be completed before Q4 2024 results announcement on January 30, 2025. The programme aims to reduce issued share capital through share cancellation. The buyback consists of two contracts: a $2.1 billion London contract and a $1.4 billion Netherlands contract, with a maximum limit of 525,000,000 ordinary shares. The programme will be executed through an independent broker on various exchanges including London Stock Exchange, Euronext Amsterdam, and other platforms, subject to market conditions and regulatory compliance.
Shell plc has announced its third quarter 2024 interim dividend of US$ 0.344 per ordinary share (US$ 0.688 per ADS). Shareholders can receive dividends in US dollars, euros, or pounds sterling. The ex-dividend date is November 14, 2024, for ordinary shares and November 15, 2024, for ADSs. The payment date is set for December 19, 2024. The company offers Dividend Reinvestment Programmes (DRIPs) through various financial institutions, allowing shareholders to reinvest their dividends in Shell shares.
Shell plc reported Q3 2024 Adjusted Earnings of $6.0 billion, showing strong operational performance despite lower crude prices and weaker refining margins. The company generated Cash Flow from Operations (CFFO) of $14.7 billion, including a $2.7 billion working capital inflow. Shell announced a new $3.5 billion share buyback programme for the next three months, marking the 12th consecutive quarter with buybacks of $3 billion or more. Net debt reduced to $35.2 billion, and cash capex for 2024 is expected to be below $22 billion. The quarterly dividend remained stable at $0.344 per share.
Shell PLC reported Q3 2024 income of $4.29 billion, up 22% from Q2 2024 but down from $7.04 billion in Q3 2023. Adjusted earnings were $6.03 billion, down 4% quarter-on-quarter. Cash flow from operations reached $14.68 billion, up 9% from Q2. The company announced a $3.5 billion share buyback program and declared a quarterly dividend of $0.3440 per share.
Key operational highlights include achieving first gas at the Jerun field in Malaysia, signing a 10% stake in ADNOC's Ruwais LNG project, and temporarily pausing construction at the Rotterdam biofuels facility. Net debt decreased to $35.2 billion from $38.3 billion in Q2, with gearing at 15.7%.
Shell plc announced the vesting of conditional awards granted under the Shell Share Plan from October 28, 2022 for three PDMRs (Persons Discharging Managerial Responsibilities). Philippa Bounds (Legal Director) and Rachel Solway (Chief Human Resources & Corporate Officer) each received 8,404.91 shares on LSE, while Robertus Mooldijk (Projects & Technology Director) received 8,378.04 shares on AMS. The transactions occurred on October 28, 2024, outside a trading venue, with nil price.
Shell plc (SHEL) announces share repurchases conducted on October 25, 2024, as part of its existing buyback programme. The company purchased 569,895 shares on LSEG at prices between £25.3350 and £25.5700, with a volume-weighted average price of £25.4558. Additionally, 650,741 shares were purchased on XAMS at prices between €30.6650 and €30.9750, averaging €30.8302. These transactions are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets
Shell plc announces share repurchases conducted on October 24, 2024, as part of its existing buyback programme. The company purchased 956,930 shares on LSEG at prices between £25.3800 and £25.7250 (VWAP: £25.5256), and 907,870 shares on XAMS at prices between €30.7550 and €31.1850 (VWAP: €30.9489). The purchases are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets until October 25, 2024, following UK Listing Rules and Market Abuse Regulations.
Shell plc announces share repurchases conducted on October 23, 2024, as part of its existing buyback programme. The company purchased 944,000 shares on LSEG at prices between £25.3750 and £25.6200 (VWAP: £25.4845), and 870,000 shares on XAMS at prices between €30.7500 and €31.1350 (VWAP: €30.9375). These purchases are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets until October 25, 2024, following UK Listing Rules and Market Abuse Regulations.
Shell plc (SHEL) announced on 22 October 2024 that it purchased 826,600 shares on the London Stock Exchange at a volume-weighted average price of £25.5758 per share, and 803,370 shares on Euronext Amsterdam at a volume-weighted average price of €30.9850 per share. These purchases are part of the company's existing share buy-back programme announced on 1 August 2024.
The programme includes both on-market and off-market limbs, with Citigroup Global Markets making independent trading decisions from 1 August 2024 to 25 October 2024. The buyback is conducted in accordance with UK and EU regulations, including the Market Abuse Regulation and the Commission Delegated Regulation.