Payment of Shell plc second quarter 2022 interim dividend moved to Tuesday September 20, 2022
September 12 2022 - 11:47AM
September 12, 2022
Shell plc (“Shell”) today announced that the payment of its
second quarter 2022 interim dividend will be moved from Monday
September 19, 2022 to Tuesday September 20, 2022.
This change follows the announcement of a bank holiday on Monday
September 19, 2022, made by the UK Government on Saturday September
10, 2022, for Her Majesty Queen Elizabeth II’s State Funeral and
the subsequent releases made by the Bank of England and Euroclear
UK & International that in line with their usual bank holiday
processes, their systems, required to settle this dividend payment,
will be closed on this bank holiday.
This change in payment day will apply to Shell’s second quarter
2022 interim dividend integrally, thus covering dividend payments
in (i) any of the three available currencies (pound Sterling, euro
and US dollar) for ordinary shares and (ii) US dollars for American
Depositary Shares.
Enquiries
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Cautionary noteThe 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. Entities and unincorporated arrangements
over which Shell has joint control are generally referred to as
“joint ventures” and “joint operations”, respectively. “Joint
ventures” and “joint operations” are collectively referred to as
“joint arrangements”. Entities over which Shell has
significant influence but neither control nor joint control are
referred to as “associates”. 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’’, ‘‘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; 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, 2021 (available at www.shell.com/investor 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 12, 2022. 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 footprintAlso, in this
announcement we may refer to Shell’s “Net Carbon Footprint” or “Net
Carbon Intensity”, which include 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 only controls its own emissions. The use of the term Shell’s
“Net Carbon Footprint” or “Net Carbon Intensity” 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 Net Carbon Footprint (NCF) targets over the next ten
years. However, Shell’s operating plans cannot reflect our
2050 net-zero emissions target and 2035 NCF target, as these
targets are 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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