SHELL PLC SECOND QUARTER 2024 EURO AND GBP
EQUIVALENT DIVIDEND PAYMENTS
September 9, 2024
The Board of Shell plc today announced the pounds
sterling and euro equivalent dividend payments in respect of the
second quarter 2024 interim dividend, which was announced on August
1, 2024 at US$0.344 per ordinary share.
Shareholders have been able to elect to receive
their dividends in US dollars, euros or pounds sterling. Holders of
ordinary shares who have validly submitted US dollars, euros or
pounds sterling currency elections by September 2, 2024 will be
entitled to a dividend of US$0.344, €0.3102 or 26.15p per ordinary
share, respectively.
Absent any valid election to the contrary, persons
holding their ordinary shares through Euroclear Nederland will
receive their dividends in euros at the euro rate per ordinary
share shown above. Absent any valid election to the contrary,
shareholders (both holding in certificated and uncertificated form
(CREST members)) and persons holding their shares through the Shell
Corporate Nominee will receive their dividends in pounds sterling,
at the pound sterling rate per ordinary share shown above.
Euro and pounds sterling dividends payable in cash
have been converted from US dollars based on an average of market
exchange rates over the three dealing days from September 4 to
September 6, 2024. This dividend will be payable on September 23,
2024 to those members whose names were on the Register of Members
on August 16, 2024.
Taxation - cash dividendIf you
are uncertain as to the tax treatment of any dividends you should
consult your tax advisor.
Note A different currency
election date may apply to shareholders holding shares in a
securities account with a bank or financial institution ultimately
holding through Euroclear Nederland. This may also apply to other
shareholders who do not hold their shares either directly on the
Register of Members or in the corporate sponsored nominee
arrangement. Shareholders can contact their broker, financial
intermediary, bank or financial institution for the election
deadline that applies.
EnquiriesShell Media RelationsInternational
+44 (0) 207 934
5550Americas +1 832
337 4355
CAUTIONARY NOTE
The companies in which Shell plc directly and
indirectly owns investments are separate legal entities. In this
announcement “Shell”, “Shell Group” and “Group” are sometimes used
for convenience where references are made to Shell plc and its
subsidiaries in general. Likewise, the words “we”, “us” and “our”
are also used to refer to Shell plc and its subsidiaries in general
or to those who work for them. These terms are also used where no
useful purpose is served by identifying the particular entity or
entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell
companies” as used in this announcement refer to entities over
which Shell plc either directly or indirectly has control. The term
“joint venture”, “joint operations”, “joint arrangements”, and
“associates” may also be used to refer to a commercial arrangement
in which Shell has a direct or indirect ownership interest with one
or more parties. The term “Shell interest” is used for
convenience to indicate the direct and/or indirect ownership
interest held by Shell in an entity or unincorporated joint
arrangement, after exclusion of all third-party interest.
Forward-Looking StatementsThis
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’’;
“commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’;
‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’;
‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’;
“schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” 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
(withoutlimitation): (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 the
Russia-Ukraine war, 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, 2023 (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, September 9, 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 IntensityAlso,
in this announcement we may refer to Shell’s “Net Carbon Intensity”
(NCI), which includes Shell’s carbon emissions from the production
of our energy products, our suppliers’ carbon emissions in
supplying energy for that production and our customers’ carbon
emissions associated with their use of the energy products we sell.
Shell’s NCI also includes the emissions associated with the
production and use of energy products produced by others which
Shell purchases for resale. Shell only controls its own emissions.
The use of the terms Shell’s “Net Carbon Intensity” or NCI are for
convenience only and not intended to suggest these emissions are
those of Shell plc or its subsidiaries.
Shell’s net-zero emissions
targetShell’s operating plan, outlook and budgets are
forecasted for a ten-year period and are updated every year. They
reflect the current economic environment and what we can reasonably
expect to see over the next ten years. Accordingly, they reflect
our Scope 1, Scope 2 and NCI targets over the next ten years.
However, Shell’s operating plans cannot reflect our 2050 net-zero
emissions target, as this target is currently outside our planning
period. In the future, as society moves towards net-zero emissions,
we expect Shell’s operating plans to reflect this movement.
However, if society is not net zero in 2050, as of today, there
would be significant risk that Shell may not meet this target.
Forward Looking Non-GAAP
measuresThis announcement may contain certain
forward-looking non-GAAP measures such as cash capital expenditure
and divestments. We are unable to provide a reconciliation of these
forward-looking non-GAAP measures to the most comparable GAAP
financial measures because certain information needed to reconcile
those non-GAAP measures to the most comparable GAAP financial
measures is dependent on future events some of which are outside
the control of Shell, such as oil and gas prices, interest rates
and exchange rates. Moreover, estimating such GAAP measures with
the required precision necessary to provide a meaningful
reconciliation is extremely difficult and could not be accomplished
without unreasonable effort. Non-GAAP measures in respect of future
periods which cannot be reconciled to the most comparable GAAP
financial measure are calculated in a manner which is consistent
with the accounting policies applied in Shell plc’s consolidated
financial statements.
The contents of websites referred to in this
announcement do not form 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.
LEI number of Shell plc:
21380068P1DRHMJ8KU70Classification: Additional regulated
information required to be disclosed under the laws of a Member
State
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