Shell Announces $3.5B Share Buyback Programme Covering An Aggregate Contract Term Of Around Three Months
Portfolio Pulse from Benzinga Newsdesk
Shell plc has initiated a $3.5 billion share buyback programme to reduce its issued share capital. The programme is set to last around three months, with the intention to complete it before the Q1 2024 results announcement on May 2, 2024. All repurchased shares will be cancelled.

February 01, 2024 | 7:13 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell plc's $3.5 billion share buyback programme is expected to reduce the company's issued share capital and potentially increase the value of remaining shares.
Share buyback programmes typically signal a company's confidence in its financial stability and future prospects, often leading to a positive market reaction. By reducing the number of shares outstanding, the earnings per share (EPS) may increase, potentially making the stock more attractive to investors. The short-term impact is likely to be positive, assuming market conditions do not change significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100