Shell Commences $3.5B Share Buyback Programme, Set To Complete Before Q4 Results
Portfolio Pulse from Benzinga Newsdesk
Shell plc has announced a $3.5 billion share buyback program aimed at reducing its issued share capital. The program is expected to be completed before the company's Q4 2024 results announcement in January 2025.
October 31, 2024 | 7:34 am
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Shell plc has initiated a $3.5 billion share buyback program to reduce its issued share capital, with completion expected before the Q4 2024 results announcement.
The share buyback program is a positive signal to investors as it indicates the company's confidence in its financial health and can lead to an increase in share price by reducing the number of shares outstanding. This action is likely to have a favorable impact on Shell's stock price in the short term.
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