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 14 February 2023, Shell plc announced the repurchase of shares totaling 1,045,000 across multiple trading venues as part of its existing buy-back program initiated on 2 February 2023. The shares were acquired at varying prices, with the highest recorded at £25.710 and the lowest at £25.435 on the London Stock Exchange, and in Euros on European exchanges. BNP Paribas Exane is managing trades independently until 28 April 2023, adhering to the company's general authority for share repurchases and complying with relevant market regulations. This initiative aims to enhance shareholder value through share cancellation.
On 10 February 2023, Shell plc announced the purchase of 1,986,000 shares for cancellation as part of its ongoing share buy-back program initiated on 2 February 2023. The share purchases occurred across multiple trading venues, including LSE and Chi-X, with the highest price paid being £25.415 and the lowest £24.405. The volume-weighted average price per share was £25.117. BNP Paribas Exane is executing the trading decisions independently until 28 April 2023. This program complies with EU and UK regulations regarding buy-back initiatives.
Shell plc announced on 8 February 2023 the purchase of 1,926,500 shares as part of its share buy-back program, which was previously disclosed on 2 February 2023. The shares were acquired through various trading venues including LSE, Chi-X, BATS, XAMS, and CBOE DXE. The highest price paid was £24.780 and the lowest was £24.475 for the GBP transactions, while €27.925 and €27.580 were the highest and lowest prices respectively for the EUR trades. BNP Paribas Exane will independently manage this program until 28 April 2023.
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.