SHELL PLC Stock Price, News & Analysis

Shell plc announced a correction to its previous notification regarding major holdings. The erroneous footnote has been rectified, with no other details altered. BlackRock, Inc. reported a change in its voting rights, increasing its stake from 5.97% to 6.71% of Shell's voting rights, as per the notification dated 2 February 2022. The updated threshold change occurred on 31 January 2022, indicating a significant acquisition or disposal of voting rights.

Shell plc announced the purchase of 2,900,000 shares on February 3, 2022, as part of its share buy-back arrangement. The purchases included:

• 2,100,000 shares at an average price of £19.5366 on LSE.
• 550,000 shares at £19.5435 traded on BATS.
• 250,000 shares at £19.5376 on Chi-X.

These transactions will be managed independently by Citigroup Global Markets Limited until May 4, 2022, in compliance with UK and EU regulations.

On February 2, 2022, Shell plc announced a major shareholding notification regarding BlackRock, Inc. BlackRock increased its voting rights in Shell to 7.22%, up from 6.97% in the previous notification. This change is attributed to an acquisition of voting rights that took place on January 31, 2022. Specifically, BlackRock holds 513,401,704 voting rights directly, representing 6.71%, and additional voting rights through financial instruments accounting for 0.51%. This shift reflects BlackRock's significant investment strategy and its ongoing commitment to Shell.

Shell plc has launched an $8.5 billion share buyback program for H1 2022, funded by the remaining $5.5 billion from its Permian divestment and $3.0 billion from its capital allocation framework. The first tranche of $4.0 billion is set to run until May 4, 2022, aiming to reduce issued share capital, with up to 622,094,828 shares eligible for repurchase. The program represents about 20-30% of cash flow from operations and is expected to conclude by Shell's Q2 results on July 28, 2022.

Shell plc announced an interim dividend of US$ 0.24 per share for Q4 2021, with a projected increase to US$ 0.25 for Q1 2022. The dividend will not be subject to Dutch withholding tax due to the company's tax residence being in the UK. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling. Key dividend dates include: ex-dividend date on February 17, 2022, record date on February 18, 2022, and payment date on March 28, 2022.

Shell announced strong financial results for Q4 2021, with adjusted earnings of $6.4 billion and a total cash flow from operations of $55 billion for the year. Aiming to enhance shareholder value, Shell will initiate an $8.5 billion share buyback program and increase the dividend by approximately 4% to $0.25 per share for Q1 2022. Net debt was reduced to $52.6 billion, and cash capital expenditure in 2021 was disciplined at $20 billion. The company emphasized its commitment to decarbonization and customer-centric strategies moving forward.

Shell plc reported a strong fourth quarter for 2021, with a net income of $11.5 billion, marking a significant recovery from a loss of $4 billion during Q4 2020. Full-year income attributable to shareholders reached $20.1 billion, a 193% improvement from 2020. Adjusted earnings saw a substantial rise, hitting $6.4 billion in Q4 and $19.3 billion for the year. The company generated $8.2 billion in cash flow from operations in Q4. Additionally, Shell announced a dividend of $0.24 per share and $1.7 billion in share buybacks, supported by divestment proceeds from the Permian sale. Operating expenses increased slightly by 3% compared to Q3 2021.

Shell plc announces its total voting rights as of January 31, 2022, comprising 7,650,025,905 ordinary shares of €0.07 each. The company does not hold any shares in Treasury. This figure is relevant for shareholders to determine if they need to notify changes in their interest under the FCA's Disclosure Guidance and Transparency Rules. It includes shares bought back by Shell but not yet cancelled. This announcement complies with the Disclosure Guidance and Transparency Rules 5.6.1 and 5.6.1A.

On January 31, 2022, Shell plc announced the successful assimilation of its A and B shares into a single line of ordinary shares, effective January 29, 2022. This change aims to simplify the company's share structure and align its tax residence with the UK. As a result, Shell shares will trade as a single line on Euronext Amsterdam and the London Stock Exchange. The current total number of Shell plc ordinary shares is 7,650,025,905, serving as the basis for shareholders to notify any changes in their interests under regulatory rules. No new share certificates will be issued.