SHELL PLC Stock Price, News & Analysis

Shell plc announced the purchase of 47,606 shares on January 27, 2023 as part of its share buy-back program initiated on October 27, 2022. The highest and lowest prices paid for the shares were £23.9350 and £23.6900, respectively, with a volume weighted average price of £23.7753. The transactions were conducted through various venues including LSE and Chi-X in GBP. Goldman Sachs International managed the trading decisions, operating independently of the Company. This buy-back is being executed in compliance with relevant Market Abuse Regulations.

Shell plc announced the purchase of 2,457,421 shares for cancellation on January 25, 2023, as part of its ongoing share buy-back program initiated on October 27, 2022.

The purchases were conducted across various trading venues, including the LSE and Chi-X, with prices ranging from £23.0700 to £23.5950 per share. The average price paid was approximately £23.3866 per share. This initiative aims to enhance shareholder value by reducing the number of outstanding shares.

Shell plc announced on January 23, 2023, the purchase of 1,348,852 shares for cancellation as part of its existing buy-back program initiated on October 27, 2022. The shares were acquired at a volume-weighted average price of £23.6307. This included transactions on various platforms, such as LSE and Chi-X. Goldman Sachs International is overseeing the trading decisions related to this program, which complies with EU MAR and UK MAR regulations.

The buy-back represents a proactive approach by Shell to enhance shareholder value through share cancellation.

Shell plc announced on January 18, 2023, the purchase of 1,500,000 shares for cancellation as part of its ongoing share buy-back program initiated on October 27, 2022. The shares were bought at a highest price of £24.2750 and a lowest price of £23.9900, with a volume-weighted average price of £24.1409. An additional 499,066 shares were purchased on the same date through the Chi-X venue. Goldman Sachs International is executing trades independently for this buy-back, which adheres to UK and EU regulations. The program aims to reduce the total number of shares available, potentially increasing shareholder value.

Shell USA Inc. has announced the acquisition of Volta Inc. in an all-cash transaction valued at approximately $169 million. This deal, which represents an 18% premium over Volta's last closing price before the announcement, aims to enhance Shell's capabilities in the electric vehicle (EV) charging sector. Volta's advanced dual charging and media network will complement Shell's established brand, unlocking long-term growth opportunities in the EV market. The transaction is expected to close in the first half of 2023 and is subject to stockholder and regulatory approvals.

Shell plc announced the purchase of 1,112,426 shares for cancellation on January 11, 2023, as part of its existing share buy-back program initiated on October 27, 2022. The shares were bought at prices ranging from £23.8400 to £24.1700, with a volume-weighted average price of £24.0018. These transactions were executed through various trading venues, including LSE and Chi-X. Goldman Sachs International is managing the buy-back program, making trading decisions independently until January 27, 2023. Compliance with EU MAR and UK MAR regulations is assured for the entire program.

BG Energy Capital plc announced the results of consent solicitations regarding its outstanding notes on January 11, 2023. The meeting, initially held on December 20, 2022, lacked a quorum but was later adjourned successfully. The consent conditions for each series of notes were satisfied, allowing Shell to replace BG Energy Holdings Limited as the guarantor. The changes, effective from January 11, 2023, also involve appointing Deutsche Trustee Company Limited as the successor trustee. Amendments to the terms of the notes were executed without requiring a consent fee.

Shell has updated its fourth quarter 2022 outlook, projecting adjusted EBITDA across various segments. Integrated Gas production is expected between 900-940 kboe/d, with LNG volumes at 6.6-7.0 MT, impacted by outages. Adjusted earnings for Upstream range from (400)-200 million, while chemicals margin shows improvement from Q3. Renewables and Energy Solutions forecasts adjusted earnings of (500)-100 million. A new EU tax impact of $2 billion and varying operational challenges have been noted. Full results will be available on February 2, 2023.

On December 28, 2022, Shell plc disclosed managerial transactions following the interim dividend payment on December 19, 2022. Key executives, including Sinead Gorman and Wael Sawan, acquired dividend shares associated with past bonuses and share plans. Noteworthy transactions include Gorman acquiring 338.38 SHEL shares at £23.95 each and Brekelmans acquiring 1,176.20 SHELL shares at €27.26 each. The report highlights transparency in executive share dealings in compliance with EU and UK market regulations.