Shell (SHEL) Company Report

Shell is seeking to divest a 20% stake in its Gato do Mato oilfield cluster in Brazil to help fund the project's multibillion-dollar offshore development.
The Gato do Mato project, now comprising the Orca and Sul fields, is projected to start production in 2029 with an anticipated capacity of 120,000 barrels per day.
The development cost is estimated at nearly $3 billion, and this project is vital for Shell to sustain its position as a leading oil producer in Brazil.

5 hours ago

Bloomberg

Shell plc Announces Final Results of Exchange Offers

SHEL

Debt Issuance

Shell plc announced the final results of its Exchange Offers for notes issued by Shell International Finance B.V. and BG Energy Capital plc.
The Exchange Offers were conducted to optimize the Shell Group's capital structure by migrating existing Old Notes to Shell Finance US Inc., aligning indebtedness with its U.S. business.
A total aggregate principal amount of $6,347,729,000 of Old Notes was validly tendered and accepted for exchange.
The settlement and issuance of the new notes are expected to occur on December 8, 2025.

5 days ago

6-K

Shell plc Announces Share Repurchases in November 2025

SHEL

Share Buyback

Shell plc purchased a total of 14,735,409 shares for cancellation across the LSE and XAMS venues on various dates in November 2025.
These share purchases are part of an existing buy-back programme that was previously announced on October 30, 2025.
Merrill Lynch International is independently managing the trading decisions for this programme from October 30, 2025, up to and including January 30, 2026.

7 days ago

6-K

Shell plc Announces Early Participation Results and Extension of Exchange Offer Premium

SHEL

Debt Issuance

Shell plc announced that $6,222,581,000 in Old Notes were validly tendered by the November 17, 2025, Early Participation Deadline for its Exchange Offers.
The company has extended the Early Participation Premium to all eligible holders who tender Old Notes by the final Expiration Time of December 3, 2025, 5:00 p.m., New York City time.
The Exchange Offers aim to optimize Shell Group's capital structure by migrating existing notes from Shell International Finance and BGEC to Shell Finance US, aligning indebtedness with its U.S. business.
Eligible holders will receive $1,000 principal amount of corresponding New Notes and a $1.00 cash component for each $1,000 principal amount of Old Notes tendered.

Nov 18, 2025, 11:27 AM

6-K

Shell Divests Volta Media Network to JOLT

SHEL

M&A

New Projects/Investments

JOLT is set to acquire a significant portion of the Volta Media Network from Shell, marking its official entry into the US market and expanding its footprint to 34 states and 64 designated marketing areas.
This acquisition will create the world's largest combined electric vehicle (EV) charging and digital out-of-home (DOOH) network, operating across Australia, New Zealand, Canada, the UK, and the US.
Shell's shares declined by 0.3% initially and then by another 0.7% during the announcement period, influenced by a broader downturn in energy shares linked to falling oil prices.
The integration builds on JOLT's model of combining EV charging with DOOH advertising, aiming to accelerate the transition to electric vehicles and provide advertisers with global scale and data-driven insights.

Nov 12, 2025, 2:55 PM

Morningstar

CMG Signs Multi-Year Software Licensing Agreement with Shell

SHEL

Product Launch

New Projects/Investments

Computer Modelling Group Ltd. (CMG) has entered into a multi-year software licensing agreement with Shell for CMG's suite of simulation solutions.
The agreement specifically includes CoFlow™, which is described as the industry's first enterprise solution integrating reservoir and production simulation workflows.
This milestone signifies the transition of CoFlow™ from a joint research initiative to a full commercial software product, following over a decade of collaboration between CMG and Shell.

Nov 10, 2025, 11:55 AM

Press Release

Shell Withdraws from Scottish Offshore Wind Projects

SHEL

New Projects/Investments

M&A

Shell Plc has withdrawn from two offshore wind projects off the coast of Scotland, selling its 50% stake in MarramWind and returning the CampionWind lease, as part of a strategy to reduce significant investments in renewable energy.
This move reflects a strategic shift back to its core oil and gas business, driven by rising development costs, regulatory challenges, high interest rates, and a prioritization of energy security and affordability.
Despite these withdrawals, Shell maintains a robust financial position with a market capitalization exceeding $214 billion and globally diversified oil and gas production and reserves.

Nov 10, 2025, 10:47 AM

Bloomberg

Shell plc Announces Issuance of Guaranteed Notes

SHEL

Debt Issuance

Shell Finance US Inc., with guarantees from Shell plc, entered into an underwriting agreement on November 3, 2025, for the issuance of new guaranteed notes.
The notes issued include Floating Rate Guaranteed Notes due 2030, 4.125% Guaranteed Notes due 2030, and 4.750% Guaranteed Notes due 2036.
The aggregate principal amount of these notes totals US $2,350,000,000, consisting of US $350,000,000 for the Floating Rate Notes, US $1,000,000,000 for the 4.125% Notes, and US $1,000,000,000 for the 4.750% Notes.

Nov 6, 2025, 9:29 PM

6-K

Shell plc Announces Share Buyback Activities in October 2025

SHEL

Share Buyback

Shell plc engaged in share buyback activities for cancellation throughout October 2025, purchasing a total of 14,631,333 shares.
The company completed purchases under a program announced on July 31, 2025, managed by HSBC Bank plc, which ran until October 24, 2025. Under this program, 13,264,176 shares were bought between October 3 and October 21, 2025.
A new share buy-back program was announced and commenced on October 30, 2025, with Merrill Lynch International managing trading decisions until January 30, 2026. On its first day, 1,367,157 shares were purchased under this new program.

Nov 3, 2025, 4:30 PM

6-K

Shell Commits $1 Billion to Angola Offshore Exploration

SHEL

New Projects/Investments

Shell is making a significant return to Angola's offshore oil sector after two decades, committing approximately $1 billion to explore and develop 17 oil blocks.
This investment aligns with Angola's strategy to maintain crude production above one million barrels per day, a level critical to the nation's revenue.
The re-engagement follows a memorandum of understanding signed in November 2024, with detailed contract terms pending approval from Angola's Council of Ministers.
Shell will partner with other companies in Block 33, reflecting a collaborative approach in Angola's offshore exploration efforts.