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 announces its total voting rights as of October 31, 2022. The company has a capital consisting of 7,110,291,093 ordinary shares of €0.07 each, with no shares held in Treasury.
Shareholders can utilize this figure to calculate their notification obligations under the FCA's Disclosure Guidance and Transparency Rules. Notably, this count includes shares bought back by Shell that are yet to be canceled.
Shell's outgoing CEO Ben van Beurden will step down on December 31, 2022. A typographical error corrected in the previous announcement clarifies that he will serve as an adviser until June 30, 2023. His separation agreement includes a GBP 1,420,000 payment for loss of office, with additional bonuses and LTIP awards based on performance criteria. He retains a post-employment shareholding requirement of 700% of salary until July 1, 2025. All updates will be detailed in the 2023 Remuneration Report.
Ben van Beurden is set to step down as CEO and Director of Shell on 31 December 2022. He will serve as an advisor until 30 June 2023. His remuneration includes a gross payment of GBP 1,420,000 for loss of office, phased in six installments. Additionally, he will continue to receive his salary and pension allowance until June 2023. A pro-rated bonus for 2023 will be awarded post-departure, with 50% delivered in shares under a holding period. No new Long-term Incentive Plan awards will be made for 2023.
Shell plc announced the purchase of 998,560 shares for cancellation on October 27, 2022. The shares were bought on various trading venues, with the highest price at £24.35 and the lowest at £23.15, resulting in a volume weighted average price of £24.097. This transaction is part of an existing share buy-back program, managed by Goldman Sachs International, which will operate from October 27, 2022 to January 27, 2023. The program adheres to EU and UK regulations on share repurchases.
Shell plc announced the timetable for its 2023 interim dividends, with four quarterly payments scheduled. Key dates include:
- 4th Quarter 2022: Payment on 27-Mar-23
- 1st Quarter 2023: Payment on 26-Jun-23
- 2nd Quarter 2023: Payment on 18-Sep-23
- 3rd Quarter 2023: Payment on 20-Dec-23.
The ex-dividend dates for both American Depositary Shares and ordinary shares are set for 16-Feb-23, 18-May-23, 10-Aug-23, and 16-Nov-23.
For more details, visit www.shell.com/dividend.
Shell plc has announced a new share buyback programme worth $4 billion, set to last approximately three months. This initiative aims to decrease the issued share capital, with all repurchased shares canceled. The programme is expected to conclude before the Q4 results announcement scheduled for February 2, 2023. Shell is partnering with a single broker for the buyback operations across London and Netherlands exchanges. The total shares eligible for purchase amount to 528,919,217, within the authority granted by shareholders at the 2022 Annual General Meeting.
Shell plc announced an interim dividend of US$ 0.25 per ordinary share for Q3 2022, payable on December 19, 2022. Shareholders can opt to receive their dividends in US dollars, euros, or pounds sterling, with a default in euros for shares held via Euroclear Nederland and pounds sterling for others. The ex-dividend dates are November 9 for ADSs and November 10 for ordinary shares. The payment will be adjusted to reflect the dividend's equivalent in euros and pounds, announced on December 5, 2022. This marks another step in Shell's commitment to returning value to shareholders.
Shell reported robust Q3 2022 results amidst volatility in global energy markets, with adjusted earnings of $9.5 billion and adjusted EBITDA of $21.5 billion. The company announced a $4 billion share buyback program and plans a 15% increase in the dividend per share for Q4 2022, subject to Board approval. Key acquisitions and divestments enhance portfolio resilience, while net debt increased by approximately $2 billion to $48.3 billion. Upcoming CEO transition to Wael Sawan in January 2023 marks a significant change in leadership.
Shell plc reported its Q3 2022 unaudited results showing significant fluctuations in financial performance. Income attributable to shareholders was $6.7 billion, a considerable drop from $18 billion in Q2 2022. Adjusted earnings were at $9.5 billion, down from $12.9 billion. Cash flow from operating activities reached $12.5 billion. The company faced net losses of $1 billion from commodity derivatives. Shell announced a $4 billion share buyback program, following a distribution of $6.8 billion in the quarter, with a prospective 15% dividend increase for Q4 2022, pending Board approval.
Shell plc announces the appointment of Cyrus Taraporevala as a Non-executive Director, effective March 2, 2023. He will join the Audit Committee on the same date. Sir Andrew Mackenzie, Chair of Shell, praised Taraporevala's extensive experience in global financial markets and asset management, highlighting his successful international career spanning over 30 years. Taraporevala, currently CEO of State Street Global Advisors, will retire from that role in December 2022. This strategic appointment aims to enhance Shell's execution of its corporate strategy.