SHELL PLC Stock Price, News & Analysis

On February 7, 2023, Shell plc disclosed conditional performance share awards made to several key executives under its Long Term Incentive Plan (LTIP). The awards include:

• Wael Sawan: 173,985 shares at £24.14
• Sinead Gorman: 103,458 shares at £24.14
• Harry Brekelmans: 65,018 shares at €26.90
• Ronan Cassidy: 48,206 shares at £24.14
• Donny Ching: 52,150 shares at €26.90
• Ed Daniels: 46,304 shares at £24.14
• Huibert Vigeveno: 65,018 shares at €26.90
• Zoe Yujnovich: 67,149 shares at €26.90

This notification aligns with the EU Market Abuse Regulation requirements.

Shell International Finance B.V. and Shell plc published a Prospectus Supplement on 7 February 2023, detailing their unaudited consolidated interim financial report for the period ending 31 December 2022. Key documents, including the Prospectus Supplement and the financial report, must be reviewed alongside the Information Memorandum from 26 September 2022 and its first supplement. These documents are crucial for understanding Shell's current financial standing, and more information can be accessed through provided URLs. The documents are not directed at U.S. persons.

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.