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Shell (UK) ( (GB:SHEL) ) has shared an update.
Shell plc has executed the purchase of its own shares as part of a buy-back program, which was initially announced on October 31, 2024. This initiative is structured to occur both on- and off-market, with Citigroup Global Markets Limited handling the trading independently until January 24, 2025. The program adheres to regulatory frameworks, ensuring compliance with UK and EU market abuse regulations. This buy-back is expected to impact Shell’s financial structure and shareholder value positively, reinforcing its commitment to returning value to shareholders amidst the evolving energy landscape.
More about Shell (UK)
Shell plc is a global energy company operating in the oil and gas industry. It focuses on the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and marketing of chemicals. The company is a key player in the energy sector, striving to meet growing energy demands while transitioning to cleaner energy solutions.
YTD Price Performance: 4.10%
Average Trading Volume: 12,166,718
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £156.9B
For detailed information about SHEL stock, go to TipRanks’ Stock Analysis page.
