Welcome to our dedicated page for Shell news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on Shell stock.
Shell plc reports recurring developments for an integrated energy group with American depositary shares that each represent two ordinary shares. Company news commonly covers operating and financial results across Integrated Gas, Upstream, Marketing, and Chemicals and Products, including LNG, production, trading and optimisation, refining, and chemicals activities.
Other updates focus on shareholder distributions and capital management, including interim dividends, share buyback programmes, purchases of ordinary shares for cancellation, and related Market Abuse Regulation disclosures. Shell also publishes governance and ownership notices, including annual meeting materials, director and PDMR shareholding notifications, and financial statements from Shell International Finance B.V.
Shell plc has announced the dividend payments for Q4 2022, set at US$0.2875 per ordinary share, to be paid on March 27, 2023. Shareholders can opt for dividends in US dollars, euros (€0.2716), or pounds sterling (24.11p), contingent on their currency elections submitted by March 3, 2023. As of February 17, 2023, shareholders on the Register will qualify for the dividend. Notably, with the company’s tax residence now in the UK, these dividends will not face Dutch withholding tax. This change allows former A share holders to receive their dividends in full, enhancing shareholder value.
On March 9, 2023, Shell plc announced the purchase of shares for cancellation as part of its ongoing buy-back program initiated on February 2, 2023. A total of 3,699,000 shares were bought across various venues, including 1,303,413 shares at the London Stock Exchange at an average price of £25.613. The program will be managed by BNP Paribas Exane until April 28, 2023, executing trades independently of the company. The buy-back adheres to UK Market Abuse Regulations and EU guidelines.
Shell plc has submitted its Form 20-F for the year ending December 31, 2022, to the US Securities and Exchange Commission on March 9, 2023. The filed document is accessible through the Shell investor website and the SEC's official site. Additionally, the company has published its Annual Report and Accounts for the same period, available for online viewing and PDF download. Printed copies will be offered free of charge starting April 17, 2023. Investors can obtain copies via the Shell website. This release primarily informs stakeholders about the formal filing of important financial documents, underscoring the company’s commitment to transparency.
Shell plc has released its Annual Report and Accounts for the fiscal year ending December 31, 2022. This report, submitted to comply with article 9.6.1 of the Listing Rules, will be presented at the Annual General Meeting scheduled for May 23, 2023. The document is accessible online from March 9, 2023, and printed copies can be requested starting April 17, 2023. Additionally, a Form 20-F filing with the US Securities and Exchange Commission will also be available today. For more details, shareholders and stakeholders can visit www.shell.com.
Shell plc has published its Annual Report and Accounts for the fiscal year ending December 31, 2022. The report will be submitted for review at the Annual General Meeting scheduled for May 23, 2023. The report is accessible online from March 9, 2023, at www.shell.com/annual-publications, and printed copies can be ordered starting April 17, 2023. Additionally, Shell will file its Form 20-F with the US Securities and Exchange Commission on the same day. Compliance with regulatory requirements has been ensured, with reports submitted to both the National Storage Mechanism and the Dutch Authority for the Financial Markets.
On March 7, 2023, Shell plc announced the purchase of 1,935,000 shares for cancellation under its existing buy-back program initiated on February 2, 2023. Purchases were made at prices ranging from £25.830 to £26.090 in GBP and €29.055 to €29.405 in EUR. The buy-back will be managed by BNP Paribas Exane, who will operate independently until April 28, 2023. This program complies with the regulatory frameworks of EU and UK MAR. The breakdown of trades provides detailed insight into this share repurchase activity, reflecting the company's ongoing commitment to enhancing shareholder value.
On March 7, 2023, Shell plc disclosed that several Persons Discharging Managerial Responsibilities (PDMRs) received shares following the vesting of awards from the Long Term Incentive Plan (LTIP) established in 2020. Notable transactions included Chief Executive Officer Wael Sawan receiving 65,882.57 shares and Chief Financial Officer Sinead Gorman receiving 21,213.42 shares, all on March 3, 2023. The aggregate number of shares vested amounted to significant figures for each PDMR, emphasizing the company's commitment to rewarding key executives. Further details can be referenced in Shell's Annual Report.
On March 3, 2023, Shell plc announced the purchase of 1,151,628 shares for cancellation as part of its ongoing buy-back program. The shares were acquired at a volume-weighted average price of £25.650 on LSE. Additional purchases included 75,979 shares at £25.779, 132,393 shares at £25.795 on BATS, and several others across various trading venues totaling 1,498,748 shares. BNP Paribas Exane is managing the trading decisions independently, with operations under the parameters set by the buy-back program that is compliant with EU and UK market regulations.
On 1 March 2023, Shell plc announced the purchase of 1,399,300 shares for cancellation as part of its buy-back program initiated on 2 February 2023. The purchases occurred across various trading venues including LSE, Chi-X, BATS, and others, with prices ranging from £25.400 to £29.075 across different exchanges. The trading decisions are independently managed by BNP Paribas Exane until 28 April 2023. This buy-back complies with both EU and UK Market Abuse Regulations. The breakdown of individual trades reaffirms the company's commitment to enhancing shareholder value through strategic share repurchases.
Shell plc has updated its capital structure as of February 28, 2023, announcing a total of 6,931,400,959 ordinary shares of €0.07 each. The company does not hold any treasury shares. This figure is critical for shareholders to determine their obligations under the FCA's Disclosure Guidance and Transparency Rules regarding notifying changes in their ownership interest. The total share count includes shares bought back by the company as part of its ongoing buy-back program, which are not yet cancelled.
This announcement complies with regulatory requirements aimed at maintaining transparency in shareholder equity.