Shell PLC (SHEL)

[idpickering]

Report on Payments to Governments for the year 2023.

This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiaries undertakings (hereinafter referred to as “Shell”) for the year 2023 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom.

https://www.investegate.co.uk/announcem ... s-/8095306

Ian.

[idpickering]

Shell publishes Energy Transition Strategy 2024- CORRECTION

The following sentence in the “More value with less emissions: our actions” – “Carbon capture and storage (CCS)” section is being re-presented due to an editorial error: “We are exploring the possibility of increasing CCS capacity at Scotford, initially by 750,000 tonnes a year.” The earlier announcement published at 07:10 on March 14, 2024 incorrectly stated: “We are exploring the possibility of increasing CCS capacity at Quest, initially by 750,000 tonnes a year.”

All other details remain unchanged. The full updated announcement is set out below.

The above change has been reflected in the Energy Transition Strategy 2024 (ETS24) which is available on the Shell website and has been marked with a footnote in the ETS24 itself. An updated version of the ETS24 has also been filed with the NSM.

Shell will continue its drive to halve emissions from its operations (Scope 1 and 2) by 2030, compared with 2016 on a net basis. By the end of 2023, Shell had achieved more than 60% of this target. Shell also reduced the net carbon intensity of the energy products it sells by 6.3% compared with 2016, the third consecutive year it hit its target.

To help drive the decarbonisation of the transport sector, Shell has set a new ambition to reduce customer emissions from the use of its oil products by 15-20% by 2030 compared with 2021 (Scope 3, Category 11) [A].
Shell confirms it will invest $10-15 billion between 2023 and the end of 2025 in low-carbon energy solutions, making Shell a significant investor in the energy transition.

https://www.investegate.co.uk/announcem ... 0-/8098443

Ian (I hold).

[idpickering]

Shell first quarter 2024 update note.

The following is an update to the first quarter 2024 outlook and gives an overview of our current expectations for the first quarter. Outlooks presented may vary from the actual first quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on May 2, 2024. Unless otherwise indicated, all outlook statements exclude identified items.

https://www.investegate.co.uk/announcem ... te/8122136

Ian.

[idpickering]

Notice of 2024 Annual General Meeting.

Shell plc’s 2024 Annual General Meeting (“AGM”) scheduled to be a hybrid meeting, facilitating both physical and virtual attendance.
Board requests shareholder support for Company’s energy transition update, as disclosed in Shell plc’s Annual Report and the Energy Transition Strategy 2024.
Shareholders encouraged to vote in advance of the AGM, but voting enabled during the meeting for those formally in attendance.

Today, Shell plc (the “Company”) posted its Notice of 2024 Annual General Meeting (the “Notice”), which can be viewed and downloaded from shell.com/agm. The AGM is scheduled to be held at the InterContinental London – The O2, 1 Waterview Drive, Greenwich Peninsula, London SE10 0TW, United Kingdom at 10:00 (UK time) on Tuesday May 21, 2024. Further details on how to join or watch the AGM can be found within the Notice.

https://www.investegate.co.uk/announcem ... ng/8141891

Ian (I hold).