Shell's (SHEL) sale of its refinery and petrochemical assets can be linked with its plan to lower its overall carbon footprint while also focusing on its most profitable ventures.
Transaction in Own Shares 9 May, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 9 May, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency09/05/2024595,978£29.2350£28.9500£29.0895LSEGBP09/05/2024128,609£29.2350£28.9700£29.0808Chi-X (CXE)GBP09/
Shell (SHEL) cites its shift toward refocusing on its profitable ventures, including those associated with traditional fossil fuels, as the reason for its withdrawal from China's power business.