Shell (SHEL) Company Report

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.

7 days ago

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Shell Plc has withdrawn from two offshore wind projects off the coast of Scotland, selling its 50% stake in MarramWind and returning the CampionWind lease, as part of a strategy to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.

Nov 3, 2025, 2:19 PM

Bloomberg

Shell plc Commences Exchange Offers for USD Notes

SHEL

Debt Issuance

Shell plc has initiated exchange offers for six series of USD notes originally issued by Shell International Finance B.V. and BG Energy Capital plc.
The purpose of these offers is to migrate the existing notes to Shell Finance US Inc., which will issue new notes fully and unconditionally guaranteed by Shell, thereby optimizing the Shell Group's capital structure and aligning indebtedness with its U.S. business.
The exchange offers commenced on November 3, 2025, and are scheduled to expire on December 3, 2025, at 5:00 p.m. New York City time.
Eligible holders who tender their Old Notes by the Early Participation Deadline of November 17, 2025, will receive a Total Consideration of $1,000 principal amount of new notes and $1.00 in cash per $1,000 principal amount of Old Notes.
This Total Consideration includes an Early Participation Premium of $30 principal amount of new notes; tenders submitted after this deadline but before the expiration will receive $970 principal amount of new notes and $1.00 in cash.

Nov 3, 2025, 1:56 PM

6-K

Shell plc Announces Q3 2025 Interim Dividend and Share Buyback Program

SHEL

Dividends

Share Buyback

Guidance Update

Shell plc declared an interim dividend for the third quarter of 2025 of US$ 0.358 per ordinary share and US$ 0.716 per ADS.
The company commenced a $3.5 billion share buyback programme, which is expected to be completed prior to the Q4 2025 results announcement.
Key dates for the Q3 2025 interim dividend include an ex-dividend date for ordinary shares on November 13, 2025, for ADSs on November 14, 2025, and a payment date of December 18, 2025.
Shell plc also announced the intended timetable for its 2026 quarterly interim dividends, with the Q1 2026 dividend announcement scheduled for February 5, 2026.

Oct 30, 2025, 3:29 PM

6-K

Shell Reports Strong Q3 2025 Results and Announces New Share Buyback

SHEL

Earnings

Share Buyback

New Projects/Investments

Shell reported adjusted earnings of $5.4 billion and $12.2 billion in cash flow from operations for Q3 2025, citing strong performance across all segments.
The company announced a new $3.5 billion share buyback program, continuing its commitment to shareholder distributions, which were 48% of CFFO on a four-quarter rolling basis, within the 40% to 50% target range.
Operational achievements included the startup of LNG Canada Train 1, delivering 13 cargoes in Q3, and record quarterly production in Brazil and the Gulf of Mexico.
Strategic portfolio adjustments included the divestment of the Colonial Pipeline for approximately $1 billion and the decision to not restart the HEFA biofuels facility in Rotterdam. The chemicals business continues to face challenges, prompting further cash preservation measures.

Oct 30, 2025, 2:30 PM

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