Transaction in Own Shares
Portfolio Pulse from
Shell plc announced the purchase of its own shares for cancellation as part of its ongoing share buy-back program. On December 23, 2024, Shell bought 1.2 million shares on the LSE and 830,000 shares on XAMS.
December 23, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell plc has repurchased 1.2 million shares on the LSE and 830,000 shares on XAMS as part of its share buy-back program, potentially boosting its stock price.
The repurchase of shares reduces the number of shares available in the market, which can increase the stock price by boosting earnings per share. This action is part of Shell's ongoing buy-back program, indicating a commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100