SHELL PLC Stock Price, News & Analysis

Shell has provided an update to its second quarter 2022 outlook, with significant adjustments reflecting new reporting segments. Adjusted EBITDA for Integrated Gas is projected between $300 to $350 million in losses due to derecognition of Sakhalin volumes. Upstream production is expected at 1,850-1,950 thousand barrels per day, with notable gains from joint ventures of $500 to $700 million. Marketing results are expected to rise, while a $200 million one-off charge is anticipated. Shell's share buyback program of $8.5 billion has been completed, and impairment reversals are expected to range from $3.5 to $4.5 billion.

On July 5, 2022, Shell plc disclosed transactions involving Persons Discharging Managerial Responsibilities (PDMRs) acquiring dividend shares following the interim dividend payment on June 27, 2022. Key transactions included Sinead Gorman acquiring 357.54 SHEL shares at £21.58, while Harry Brekelmans acquired 1,225.90 SHELL shares at €25.10. Other notable acquisitions were made by Ronan Cassidy, Donny Ching, Ed Daniels, Wael Sawan, Huibert Vigeveno, and Zoe Yujnovich. An error in a previous disclosure was also mentioned, highlighting transparency in reporting. For further details, refer to the Shell Annual Report.

On July 5, 2022, Shell plc announced the purchase of 3,109,217 shares for cancellation as part of its ongoing share buy-back program initiated on May 5, 2022. The shares were bought at a volume-weighted average price of £21.197 on the LSE and varied across other trading venues. This buy-back arrangement is to be conducted independently by BNP Paribas Exane until July 22, 2022, adhering to the regulations of the UK Market Abuse Regulation and other relevant laws.

On July 4, 2022, Shell plc announced the purchase of 3 million shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The shares were acquired across various trading venues, with prices ranging from £21.605 to £22.150. The buy-back arrangement involves BNP Paribas Exane making independent trading decisions until July 22, 2022. This initiative complies with existing regulations, including the Market Abuse Regulation and relevant UK laws.

On July 1, 2022, Shell plc announced the purchase of 2,999,000 shares for cancellation, as part of its previously disclosed buy-back program initiated on May 5, 2022. The shares were acquired at various prices, with the highest being 21.795 GBP and the lowest at 20.950 GBP. This initiative is managed by BNP Paribas Exane, who will conduct trades independently until July 22, 2022. The purchases comply with EU and UK market regulations regarding share buy-backs, reinforcing Shell's commitment to enhancing shareholder value.

Shell plc announces its total voting rights as of June 30, 2022, stating there are 7,355,041,629 ordinary shares of €0.07 each. The company holds no shares in Treasury. This total includes shares from its share buy-back program that have not yet been canceled. Shareholders may utilize this figure to identify whether they need to notify any changes in their interests, as per the FCA's Disclosure Guidance and Transparency Rules.

On June 30, 2022, Shell plc announced the purchase of 2,000,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The acquisitions occurred at various venues including the London Stock Exchange and Chi-X. The highest price paid for shares was £21.755, while the lowest was £21.145, resulting in a volume-weighted average price of £21.476 per share. This buy-back arrangement, advised by BNP Paribas Exane, reflects the company's strategy to enhance shareholder value.

SHELL PLC announces the appointment of Caroline Omloo as Company Secretary effective August 1, 2022. She succeeds Linda Coulter, who retires after 28 years with Shell. Omloo, a Dutch national, has been with Shell since 1999 and held various roles including Secretary to the Audit Committee and Chief Privacy Officer. She previously led Legal and Compliance at Shell Asset Management Company. This transition reflects Shell's commitment to strong governance and leadership continuity.

Shell plc reported that as of June 28, 2022, it has a total of 7,363,284,479 ordinary shares with a nominal value of €0.07 each. The company currently holds no treasury shares. This figure is essential for shareholders to calculate their notification obligations under the FCA's Disclosure Guidance and Transparency Rules.

This announcement complies with the Disclosure Guidance and Transparency Rules 5.6.1A.