Shell Plc current report, Q2 FY2025

Shell plc Form 6-K Summary

Business Context and Reporting Period

This Form 6-K filing by Shell plc (incorporated in England and Wales) covers share repurchase transactions conducted during March 2025. The report was filed on April 1, 2025. The transactions relate to the Company's ongoing share buy-back programme announced on January 30, 2025, which is authorized to run until April 25, 2025. Trading decisions for this period are executed independently by Natixis within pre-set parameters.

Key Financial Metrics: Share Repurchases

The filing details daily share purchases for cancellation across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX) in both GBP and EUR. The filing does not provide consolidated revenue, profit, cash flow, or debt metrics for the period.

Date Total Shares Purchased (Approx.) Primary Venues Currencies
March 3, 2025 1,560,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 4, 2025 3,350,250 LSE, XAMS, Chi-X, BATS, CBOE DXE, TQEX GBP, EUR
March 5, 2025 2,100,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 6, 2025 1,607,738 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 7, 2025 1,575,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 10, 2025 1,575,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 11, 2025 1,675,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 12, 2025 1,232,096 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 13, 2025 485,845 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 14, 2025 608,535 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 17, 2025 364,769 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 18, 2025 1,300,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 19, 2025 951,988 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 20, 2025 1,300,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 21, 2025 1,750,000 LSE, XAMS, Chi-X, BATS, CBOE DXE, TQEX GBP, EUR
March 24, 2025 1,200,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 25, 2025 1,400,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 26, 2025 524,501 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 27, 2025 1,595,025 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 28, 2025 2,250,000 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR
March 31, 2025 1,392,176 LSE, XAMS, Chi-X, BATS, CBOE DXE GBP, EUR

Note: Total shares purchased in March 2025 approximate 24.5 million shares based on the sum of daily transactions listed.

Material Changes and Trends

The filing does not provide comparative financial data against prior periods. However, the share price data indicates volatility during the month:

  • GBP Share Price Range: Purchases occurred between a low of approximately £25.09 (March 6) and a high of £28.30 (March 26).
  • EUR Share Price Range: Purchases occurred between a low of approximately €30.14 (March 6) and a high of €34.11 (March 27).
  • Volume Fluctuation: Daily purchase volumes varied significantly, ranging from approximately 364,000 shares (March 17) to over 3.3 million shares (March 4).

Guidance, Outlook, and Management Commentary

The filing confirms the continuation of the share buy-back programme announced on January 30, 2025. The programme includes both on-market and off-market limbs and is scheduled to conclude on April 25, 2025. Trading is being executed by Natixis in accordance with the UK Listing Rules (Chapter 9) and the Market Abuse Regulation (EU MAR and UK MAR). No specific financial guidance or outlook regarding future earnings or cash flow is provided in this document.

Investor Verification Checklist

  • Programme Status: Verify the total cumulative amount spent and shares repurchased under the January 30, 2025 programme to date.
  • Remaining Authority: Confirm the remaining authorization limit for the buy-back programme as it approaches the April 25, 2025 deadline.
  • Share Count Impact: Assess the impact of the ~24.5 million shares repurchased in March on the total outstanding share count and earnings per share (EPS).
  • Cost Basis: Calculate the weighted average cost of the March repurchases to evaluate capital allocation efficiency relative to current market prices.
  • Regulatory Compliance: Ensure all transactions adhered to the pre-set parameters and trading windows as required by UK and EU market abuse regulations.