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Shell (UK) ( (GB:SHEL) ) has shared an announcement.
Shell plc has announced the repurchase of its own shares as part of its ongoing buy-back program, which was initially announced in October 2024. The recent purchase involved 1,745,000 shares across different trading venues, with Citigroup Global Markets Limited conducting the trades independently from Shell. This buy-back initiative is carried out under Shell’s general authority to repurchase shares both on- and off-market, adhering to UK Listing Rules and Market Abuse Regulations. This move is expected to affect the company’s market positioning and shareholder value positively.
More about Shell (UK)
Shell plc is a leading multinational company in the oil and gas industry, focusing on the exploration, production, refining, and marketing of oil and natural gas, along with the manufacturing and distribution of petrochemicals. The company is actively involved in energy transition strategies, aiming to meet the world’s growing energy needs while reducing its carbon footprint.
YTD Price Performance: 0.92%
Average Trading Volume: 14,217,781
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £152.4B
Learn more about SHEL stock on TipRanks’ Stock Analysis page.
