Transaction in Own Shares
Portfolio Pulse from
Shell plc announced the purchase of 2 million shares for cancellation as part of its ongoing share buy-back program. The shares were bought on the LSE and XAMS trading venues.
November 18, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell plc has repurchased 2 million shares as part of its share buy-back program, which could positively impact the stock price by reducing the number of shares outstanding.
The repurchase of shares reduces the total number of shares outstanding, which can increase earnings per share and potentially boost the stock price. This action is part of Shell's ongoing buy-back program, indicating a strategic move to return value to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100