SHELL PLC Stock Price, News & Analysis

On February 6, 2023, Shell purchased a total of 2,176,000 shares for cancellation as part of its ongoing share buy-back program announced on February 2, 2023. The purchases occurred on multiple trading venues, including LSE, Chi-X, and BATS, with prices ranging from £23.775 to £24.205 in GBP and €26.670 to €27.075 in EUR. BNP Paribas Exane is managing the trading decisions during this period, ending April 28, 2023. The program complies with regulations under EU MAR and UK MAR, highlighting Shell's commitment to returning value to its shareholders through structured share repurchases.

On February 2, 2023, Shell plc announced the purchase of 1,866,000 shares for cancellation as part of its buy-back program. The shares were acquired across various trading venues, including the LSE, Chi-X, BATS, and others, with prices ranging from £23.340 to £24.390 in GBP and €26.275 to €27.370 in EUR. BNP Paribas Exane is managing the buy-back program, making independent trading decisions until April 28, 2023. The programme adheres to UK and EU regulations regarding share buybacks. This initiative reflects Shell's ongoing commitment to returning value to shareholders.

Shell plc has initiated a $4 billion share buyback programme aimed at reducing its issued share capital over approximately three months. Scheduled to conclude before the Q1 2023 results announcement on May 4, 2023, the programme allows for the repurchase of up to 387 million ordinary shares. The share buyback will take place on various European exchanges, with a maximum of $2.25 billion allocated for London contracts and $1.75 billion for the Netherlands contract. This move is expected to enhance shareholder value by potentially increasing the earnings per share (EPS) through share cancellation.

London, February 2, 2023 – Shell plc has announced an interim dividend of US$ 0.2875 per ordinary share for Q4 2022. Shareholders can opt to receive dividends in US dollars, euros, or pounds sterling. The ex-dividend date for both ordinary shares and ADSs is February 16, 2023, with a record date of February 17, 2023. The payment date is scheduled for March 27, 2023. Additionally, due to Shell's tax residency in the UK, dividends will not incur Dutch withholding tax, providing shareholders increased returns.

Shell plc reported robust Q4 2022 results, with Adjusted Earnings of $9.8 billion and Adjusted EBITDA of $20.6 billion, despite lower oil and gas prices. The company announced a 15% dividend increase and a $4 billion share buyback program. Full-year distributions reached $26 billion, exceeding 35% of Cash Flow from Operations (CFFO) for 2022. Shell aims to strengthen its portfolio through acquisitions and simplifications, while guiding a cash capex outlook of $23 - $27 billion for 2023. Net debt decreased to $44.8 billion, marking about a 7% reduction from the previous quarter.

Shell plc reported impressive financial results for the fourth quarter and full year of 2022. Income attributable to shareholders surged to $42.3 billion, up 109% year-over-year, while adjusted earnings increased by 107% to $39.9 billion. The company declared a quarterly dividend of $0.2875 per share, alongside completing a $4 billion share buyback program. Cash flow from operating activities reached $68.4 billion for the year, reflecting strong operational performance despite challenges such as lower realized oil and gas prices and higher operating expenses. Notably, net debt decreased to $44.8 billion, improving gearing to 18.9%.

Shell PLC announced significant board and committee changes effective February 1, 2023. Euleen Goh will not stand for re-election at the upcoming AGM on May 23, 2023, after nine years of service. In her place, Dick Boer has been appointed Deputy Chair and Senior Independent Director, while Catherine Hughes and Jane Holl Lute will join the Audit and Remuneration Committees, respectively. New appointees Sir Charles Roxburgh and Leena Srivastava will serve on the Audit and Safety, Environment, and Sustainability Committees starting March 13, 2023. These changes aim to strengthen leadership as Shell navigates the energy transition.

Shell plc has announced its total voting rights and capital as of January 31, 2023, consisting of 6,970,489,092 ordinary shares of €0.07 each. The company holds no treasury shares. This figure serves as the denominator for shareholders to determine if they need to notify any interest changes under the FCA's Disclosure Guidance and Transparency Rules. Additionally, the number includes shares from Shell's ongoing share buy-back program that are yet to be canceled. The announcement complies with the regulations under Disclosure Guidance and Transparency Rules 5.6.1 and 5.6.1A.

Shell plc announced a restructuring of its Executive Committee, reducing its size from nine to seven members to enhance performance and streamline operations effective July 1, 2023. The Integrated Gas and Upstream businesses will merge into a new directorate led by Zoe Yujnovich, while the Downstream and Renewables & Energy Solutions will form another directorate under Huibert Vigeveno. The Strategy, Sustainability and Corporate Relations Directorate will be eliminated, with its functions reporting directly to the CFO and CEO. This shift aims to improve capital allocation and operational efficiency as part of Shell's Powering Progress strategy.