(BRIEF) The Board of Directors of Shell plc has revealed dividend invoices for the fourth quarter of 2023, which were first announced on February 1, 2024. Shareholders had the option of getting dividends in U. S. dollars, euros, or British pounds. , with notes of US$0. 344, €0. 3151 or 26. 90 pence consistent with the percentage respectively for those who have submitted valid monetary choices before March 1, 2024. Dividends will be distributed according to currency choices consistent with holders of predetermined percentages or characteristics depending on their assets. Payments will be made on March 25, 2024 to eligible members at the time of club login beginning February 16, 2024, with tax implications varying based on individual circumstances.
(PRESS RELEASE) LONDON, March 12, 2024 — /EuropaWire/ — The board of directors of Shell plc has announced the payment of dividends in sterling and euro equivalents in respect of the interim dividend for the fourth quarter of 2023, which it announced on February 1 January 2024 in the United States. $0. 344 consistent with a common share.
Shareholders have the option to decide whether they want to get their dividends in US dollars, euros or British pounds. Holders of common shares who have validly submitted their currency choice in U. S. dollars, euros, or pounds sterling until March 1, 2024, will be entitled to a dividend of $0. 344, €0. 3151, or 26. 90 pence consistent with the share, respectively.
Unless validly chosen otherwise, children who maintain their ordinary percentages through Euroclear Nederland will receive their dividends in euros at the rate in euros consistent with the ordinary percentage set out above. Unless validly chosen otherwise, based on the percentages set forth above. qualified or unqualified (CREST members)) and children who maintain their percentages consistent through Shell Corporate Nominee will earn their dividends in pounds sterling, at the pound sterling exchange rate consistent with the ordinary consistent percentage set out above.
Euro and British Pound dividends payable in cash have been exchanged for US dollars based on an average of market exchange rates over the 3 business days of March 6-8, 2024. This dividend will be paid on March 25, 2024 to members whose names appeared in the members’ login on February 16, 2024.
Taxation – monetary dividend
If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.
Note
A different currency selection date would possibly apply to shareholders who hold shares in a securities account at a bank or monetary establishment and who ultimately hold them through Euroclear Nederland. This would possibly also apply to other shareholders who do not own their shares directly when members register or under a company-sponsored nomination agreement. Shareholders may contact their broker, money broker, bank, or monetary establishment for the applicable election deadline.
Precaution
The corporations in which Shell plc has direct and indirect investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are used for convenience when references are made to Shell plc and its subsidiaries infrequently. Likewise, the words “we”, “us” and “our” are also used infrequently to refer to Shell plc and its subsidiaries or those who work for them. These terms are also used when it is not useful to identify the specific entity(ies). “Subsidiaries”, “Shell subsidiaries” and “Shell corporations”, as used in this announcement, refer to entities over which Shell plc exercises direct or indirect control. Unincorporated entities and arrangements over which Shell exercises joint control are rarely referred to as “joint ventures” and “joint operations,” respectively. “Joint ventures” and “joint activities” are collectively referred to as “joint arrangements. ” Entities over which Shell has significant influence but without control or joint control are called “associates”. The term “Shell Interest” is used for convenience to imply the direct and/or indirect interest held through Shell in an unincorporated entity or company, after excluding any third party interest.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as Russia’s invasion of Ukraine, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, March 11, 2024. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
Shell’s net carbon intensity
In addition, in this announcement, we would potentially refer to Shell’s “net carbon intensity,” which includes Shell’s carbon emissions from the production of our energy products, the carbon emissions of our suppliers in providing energy for that production, and the carbon emissions of our customers. related to your uso. de the electrical products we sell. Shell only controls its own emissions. Shell’s use of the term “net carbon intensity” is for convenience only and is not intended to recommend that those emissions are those of Shell plc or its subsidiaries.
Shell’s net-zero goal
Shell’s operating plan, outlook and budgets are planned for a ten-year era and are updated annually. They reflect the existing economic environment and what we can expect over the next ten years. As a result, they reflect our Scope1, Scope 2, and Net Carbon Intensity (NCI) targets for the next ten years. However, Shell’s operational plans cannot reflect our 2050 net-zero target and our 2035 NCI target, as those targets are out of our hands. It was about plans. Going forward, as the company moves towards net zero, we will expect Shell’s operational plans to reflect this move. However, if the company fails to reach net-zero emissions until 2050, there is now a significant threat that Shell will do so. failure to achieve this goal.
Shell plans to publish its Energy Transition Strategy 2024 on March 14, 2024, which will include an update to Shell’s Energy Transition Strategy and set out Shell’s climate goals and ambitions for the future.
Forward-looking non-GAAP measures
This announcement would likely involve certain non-GAAP forward-looking measures, such as monetary capital investments and divestitures. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP monetary measures because certain data to reconcile those non-GAAP measures with the most comparable GAAP monetary measures depend on long-term events. some of which are beyond Shell’s control, such as oil and fuel prices, interest rates, and exchange rates. Moreover, estimating those GAAP measures accurately enough to provide a meaningful reconciliation is incredibly complicated and also cannot be completed without excessive effort. Non-GAAP measures related to long-term periods that cannot be reconciled to the comparable maximum GAAP monetary measure are calculated in a manner consistent with the accounting policies implemented in Shell plc’s consolidated monetary statements.
The content discussed in this announcement is not part of this announcement.
We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
Shell plc LEI number: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed under the laws of a Member State
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SOURCE: Shell plc
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