Shell plc (SHEL) Announces $8.5B Share Buyback

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Go back to Shell plc (SHEL) Announces $8.5B Share Buyback

Shell announces commencement of a share buyback programme

February 3, 2022 2:03 AM EST

Shell announces commencement of a share buyback programme

February 3, 2022Shell plc

Shell plc (the company) today announces the commencement of a share buyback programme of $8.5 billion for the first half of 2022. This comprises the remaining $5.5 billion of Permian divestment proceeds and $3.0 billion as part of the companys capital allocation framework, which includes shareholder distributions in the range of 20-30% of cash flow from operations.  It is intended that, subject to market conditions, this programme will be completed by the companys Q2 results, which are scheduled for July 28, 2022.

In the first tranche of this buyback programme... More