Shell (SHEL) announced the commencement of a $3.5B share buyback program covering an aggregate contract term of approximately three months. The purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled. It is intended that, subject to market conditions, the program will be completed prior to the company’s Q4 results announcement, scheduled for January 30, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- SHEL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Shell to acquire combined-cycle power plant in priority U.S. trading market
- OPEC reduces 2024, 2025 global oil demand growth view, Reuters reports
- Election 2024: Where To Put Your Money Ahead of the Vote
- Shell price target lowered to $80 from $90 at Scotiabank