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.
On 17 March 2023, Shell plc announced the purchase of 5,170,000 shares for cancellation as part of its ongoing buy-back program initiated on 2 February 2023. The shares were acquired at prices ranging from £21.955 to £22.990 on the London Stock Exchange and other venues, with a volume-weighted average price of around £22.415 per share. The trading decisions were made independently by BNP Paribas Exane until 28 April 2023, adhering to regulatory requirements under EU MAR and UK MAR. This buyback is aligned with the company's strategy to enhance shareholder value.
Shell International Finance B.V. and Shell plc published several key documents on 16 March 2023. These include the Prospectus Supplement, Shell plc’s Annual Report for the year ending 31 December 2022, and Form 20-F for the same period. These documents should be read alongside the Information Memorandum dated 26 September 2022 and its subsequent supplements. The Annual Report provides comprehensive insights into Shell's financial performance, while the Form 20-F outlines adherence to SEC regulations. Further details can be accessed through provided URLs.
Shell plc has published its 2022 Energy Transition Progress Report, highlighting significant advancements toward becoming a net-zero emissions energy company by 2050. The report reveals a 30% reduction in carbon emissions from operations since 2016 and a 3.8% decrease in net carbon intensity of energy products sold. Shell's investments in renewable energy include a $1.6 billion stake in Sprng Energy, a $2 billion acquisition of Nature Energy, and the Holland Hydrogen 1 project. These efforts will be voted on by shareholders at the Annual General Meeting scheduled for May 23, 2023.
On March 15, 2023, Shell plc announced the purchase of 5,000,000 shares for cancellation as part of its ongoing share buy-back program initiated on February 2, 2023. These transactions took place across various trading venues, including LSE, Chi-X, and others, with shares priced between £22.710 and £27.900. The average price paid was approximately £23.376. BNP Paribas Exane executed trades independently, adhering to preset parameters and UK market regulations. This strategic move aims to enhance shareholder value and reduce overall share count, reflecting Shell's commitment to returning capital to investors.
On 13 March 2023, Shell plc announced the purchase of 6,939,000 shares for cancellation as part of its ongoing share buy-back program initiated on 2 February 2023. The share purchases had varying prices, with the highest recorded at £25.385 and the lowest at £23.980 on the London Stock Exchange. Notably, the volume-weighted average price paid per share was £24.574. BNP Paribas Exane will manage the trading decisions independently until 28 April 2023. This buy-back adheres to the regulations set by EU and UK Market Abuse Regulations.
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.