SHEL · Shell plc

Shell plc's announcement delivers significant capital return to shareholders through a Q1 2026 interim dividend of US$0.3906 per ordinary share, equivalent to US$0.7812 per ADS representing two shares, with payment scheduled for June 29, 2026 following the record date of May 22. Shareholders have flexibility in currency elections—defaulting to pounds sterling for CREST and direct holders, euros for Euroclear Nederland participants—with deadlines on June 8 and equivalents disclosed June 15. This maintains Shell's consistent dividend policy, offering reinvestment options via DRIPs from providers like Equiniti, ABN-AMRO, and JPMorgan. Concurrently, the $3.0 billion share buyback programme, spanning up to July 24, 2026, targets reduction of issued share capital through cancellation of all repurchased ordinary shares on London exchanges. Capped at 320 million shares per 2025 AGM authority, execution via a single broker ensures compliance with UK Listing Rules and EU MAR as onshored. The programme may pause during the ARC Resources Ltd. acquisition process due to securities laws, with any deferred buybacks allocated to future 2026 programmes pending Board approval. These actions signal strong cash generation and shareholder-friendly capital allocation amid ongoing energy market dynamics.