Shell Commences $3.5B Share Buyback Programme Covering An Aggregate Contract Term Of Around Three Months
Portfolio Pulse from Benzinga Newsdesk
Shell plc has announced a $3.5 billion share buyback program to be completed by October 31, 2024. The program aims to reduce the company's issued share capital and involves purchasing shares on both London and Netherlands exchanges.
August 01, 2024 | 6:13 am
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Shell plc has initiated a $3.5 billion share buyback program to reduce its issued share capital. The program is expected to be completed by October 31, 2024, and involves purchasing shares on both London and Netherlands exchanges.
Share buyback programs generally indicate that a company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The $3.5 billion buyback is substantial and aims to reduce the issued share capital, which is likely to be viewed favorably by investors.
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