SHELL PLC Stock Price, News & Analysis

Shell plc announced the purchase of 2.55 million shares on 2 March 2022 as part of its share buy-back program. The total number of shares bought comprised 1.25 million on the London Stock Exchange and 1.30 million across other venues. Prices ranged from £19.7020 to £20.6200, with a volume-weighted average price of approximately £20.42. This move aligns with the previously announced buy-back arrangement, with trading decisions handled independently by Citigroup Global Markets Limited until 4 May 2022.

Shell plc announced the purchase of 2.7 million shares for cancellation on 1 March 2022 as part of its buy-back program initiated on 3 February 2022. The shares were acquired across multiple trading venues, with the highest price per share at £19.8640 and the lowest at £19.2760. These transactions comply with regulatory frameworks, including the EU Market Abuse Regulation and the UK Market Abuse Regulation. Citigroup Global Markets Limited is managing these trades independently until 4 May 2022. The total volume-weighted average price paid was approximately £19.5974 per share.

Shell announces leadership changes

On March 1, 2022, Shell plc appointed Sinead Gorman as the new Chief Financial Officer (CFO), effective April 1, 2022, replacing Jessica Uhl who will step down on March 31, 2022. Gorman has been with Shell for 23 years, most recently serving as Executive Vice President, Finance in Shell’s Upstream division. Uhl played a crucial role in strategic changes, including the relocation of Shell's headquarters to the UK. Sir Andrew Mackenzie, Shell’s Chair, expressed gratitude for Uhl's contributions while welcoming Gorman's extensive experience to drive Shell's transition to a net-zero emissions energy business.

Shell plc announces its total voting rights as of February 28, 2022, totaling 7,608,484,466 ordinary shares of €0.07 each, with no shares held in Treasury. This figure is significant for shareholders as it serves as the denominator for notifying changes in interest under the FCA's Disclosure Guidance and Transparency Rules. The stated share count includes shares acquired through the company’s share buy-back program that have not yet been canceled.

Shell plc announced plans to exit its joint ventures with Gazprom and related entities, including a 27.5% stake in the Sakhalin-II LNG facility and a 50% stake in the Salym Petroleum Development. The exit will also affect the Nord Stream 2 project. Shell's CEO, Ben van Beurden, emphasized the company's commitment to the safety of its employees and compliance with sanctions. The decision will likely lead to impairments impacting Shell's Russia assets, valued around $3 billion. The company's financial strategy remains intact, with an $8.5 billion share buyback program and a 4% dividend increase planned for Q1 2022.

Shell plc has announced the purchase of 2.7 million shares on 28 February 2022 for cancellation as part of its buy-back program initiated on 3 February 2022. The highest price paid was £20.1750 per share, and the lowest was £19.2700. The trading occurred on venues including LSE and BATS. Citigroup Global Markets Limited will manage these purchases independently until 4 May 2022, adhering to regulatory requirements under EU MAR and UK MAR.

Shell plc announced on February 25, 2022, the purchase of 2,790,096 shares for cancellation under its share buy-back arrangement. The shares were acquired at various prices: the highest at £20.1250 and the lowest at £19.2980, with a volume-weighted average price of £19.7588. This buy-back program, managed by Citigroup Global Markets Limited, is set to continue until May 4, 2022, and is in accordance with UK and EU market regulations for share repurchases.

On February 25, 2022, Shell plc announced share transactions related to its Persons Discharging Managerial Responsibilities (PDMRs). A total of 8 PDMRs received shares as part of their annual bonuses, with 50% paid in cash and 50% in shares, subject to a three-year holding period. Notable transactions include Ben van Beurden receiving 29,597 shares at €23.34 and Jessica Uhl receiving 18,499 shares at the same price. The details of these transactions are in compliance with the EU Market Abuse Regulation, indicating transparency in executive compensation.

Shell plc announced the purchase of 2,700,000 shares on 24 February 2022 as part of its ongoing share buy-back programme. The shares were acquired across three trading venues, with prices ranging from £19.1320 to £20.3100, resulting in a volume-weighted average price of £19.7350. This buy-back operation aims to enhance shareholder value and reflects the company’s commitment to returning capital to its investors. The trading decisions are managed by Citigroup Global Markets Limited, independent of Shell, and will continue until 4 May 2022.