Shell plc Fourth Quarter 2023 Interim Dividend

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London, February 1, 2024 − The Board of Shell plc (the “Firm”) as we speak introduced an interim dividend in respect of the fourth quarter of 2023 of US$ 0.344 per peculiar share.

Particulars referring to the fourth quarter 2023 interim dividend

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Shareholders will have the ability to elect to obtain their dividends in US {dollars}, euros or kilos sterling.

Absent any legitimate election on the contrary, individuals holding their peculiar shares by Euroclear Nederland will obtain their dividends in euros.

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Absent any legitimate election on the contrary, shareholders (each holding in certificated and uncertificated kind (CREST members)) and individuals holding their shares by the Shell Company Nominee will obtain their dividends in kilos sterling.

The pound sterling and euro equal dividend funds will likely be introduced on March 11, 2024.

Money dividends on American Depositary Shares (“ADSs”) will likely be paid, by default, in US {dollars}.

Every ADS represents two peculiar shares. ADSs are evidenced by an American Depositary Receipt (“ADR”) certificates. In lots of instances the phrases ADR and ADS are used interchangeably.

Dividend timetable for the fourth quarter 2023 interim dividend

Word

A special foreign money election date might apply to shareholders holding shares in a securities account with a financial institution or monetary establishment in the end holding by Euroclear Nederland. This will additionally apply to different shareholders who don’t maintain their shares both instantly on the Register of Members or within the company sponsored nominee association. Shareholders can contact their dealer, monetary middleman, financial institution or monetary establishment for the election deadline that applies.

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Taxation – money dividends

If you’re unsure as to the tax remedy of any dividends you must seek the advice of your tax advisor.

Dividend Reinvestment Programmes (“DRIP”)

The next organisations provide Dividend Reinvestment Plans (“DRIPs”) which allow the Firm’s shareholders to elect to have their dividend funds used to buy the Firm’s shares:

• Equiniti Monetary Companies Restricted (“EFSL”), for these holding shares (a) instantly on the register as certificates holder or as CREST Member and (b) through the Shell Company Nominee;
• ABN-AMRO NV (“ABN”) for Monetary Intermediaries holding shares through Euroclear Nederland;
• JPMorgan Chase Financial institution, N.A. (“JPM”) for holders of ADSs; and
• Different DRIPs might also be out there from the middleman by which traders maintain their shares and ADSs.

These DRIP offerors present their DRIPs absolutely on their account and never on behalf of the Firm. events ought to contact the related DRIP offeror instantly.

Extra data could be discovered at https://www.shell.com/traders/dividend-information

To be eligible to take part within the DRIPs for the following dividend, shareholders should make a legitimate dividend reinvestment election earlier than the printed date for the shut of elections. 

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Enquiries
Media Worldwide: +44 207 934 5550
Media Americas: +1 832 337 4355

Cautionary Word

The businesses wherein Shell plc instantly and not directly owns investments are separate authorized entities. On this announcement “Shell”, “Shell Group” and “Group” are typically used for comfort the place references are made to Shell plc and its subsidiaries basically. Likewise, the phrases “we”, “us” and “our” are additionally used to confer with Shell plc and its subsidiaries basically or to those that work for them. These phrases are additionally used the place no helpful function is served by figuring out the actual entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell corporations” as used on this announcement confer with entities over which Shell plc both instantly or not directly has management. Entities and unincorporated preparations over which Shell has joint management are usually known as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively known as “joint preparations”.  Entities over which Shell has important affect however neither management nor joint management are known as “associates”. The time period “Shell curiosity” is used for comfort to point the direct and/or oblique possession curiosity held by Shell in an entity or unincorporated joint association, after exclusion of all third-party curiosity.

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Ahead-Trying Statements
This announcement accommodates forward-looking statements (throughout the that means of the U.S. Personal Securities Litigation Reform Act of 1995) in regards to the monetary situation, outcomes of operations and companies of Shell. All statements apart from statements of historic truth are, or could also be deemed to be, forward-looking statements. Ahead-looking statements are statements of future expectations which can be based mostly on administration’s present expectations and assumptions and contain recognized and unknown dangers and uncertainties that might trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in these statements. Ahead-looking statements embody, amongst different issues, statements in regards to the potential publicity of Shell to market dangers and statements expressing administration’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are recognized by their use of phrases and phrases similar to “intention”, “ambition”, ‘‘anticipate’’, ‘‘consider’’, ‘‘might’’, ‘‘estimate’’, ‘‘count on’’, ‘‘objectives’’, ‘‘intend’’, ‘‘might’’, “milestones”, ‘‘goals’’, ‘‘outlook’’, ‘‘plan’’, ‘‘in all probability’’, ‘‘venture’’, ‘‘dangers’’, “schedule”, ‘‘search’’, ‘‘ought to’’, ‘‘goal’’, ‘‘will’’ and comparable phrases and phrases. There are a selection of things that might have an effect on the longer term operations of Shell and will trigger these outcomes to vary materially from these expressed within the forward-looking statements included on this announcement, together with (with out limitation): (a) worth fluctuations in crude oil and pure fuel; (b) adjustments in demand for Shell’s merchandise; (c) foreign money fluctuations; (d) drilling and manufacturing outcomes; (e) reserves estimates; (f) lack of market share and trade competitors; (g) environmental and bodily dangers; (h) dangers related to the identification of appropriate potential acquisition properties and targets, and profitable negotiation and completion of such transactions; (i) the chance of doing enterprise in creating international locations and international locations topic to worldwide sanctions; (j) legislative, judicial, fiscal and regulatory developments together with regulatory measures addressing local weather change; (okay) financial and monetary market circumstances in numerous international locations and areas; (l) political dangers, together with the dangers of expropriation and renegotiation of the phrases of contracts with governmental entities, delays or developments within the approval of initiatives and delays within the reimbursement for shared prices; (m) dangers related to the affect of pandemics, such because the COVID-19 (coronavirus) outbreak; and (n) adjustments in buying and selling circumstances. No assurance is offered that future dividend funds will match or exceed earlier dividend funds. All forward-looking statements contained on this announcement are expressly certified of their entirety by the cautionary statements contained or referred to on this part. Readers shouldn’t place undue reliance on forward-looking statements. Extra danger components which will have an effect on future outcomes are contained in Shell plc’s Type 20-F for the yr ended December 31, 2022 (out there at www.shell.com/investor and www.sec.gov). These danger components additionally expressly qualify all forward-looking statements contained on this announcement and must be thought of by the reader.  Every forward-looking assertion speaks solely as of the date of this announcement, February 1, 2024. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly replace or revise any forward-looking assertion because of new data, future occasions or different data. In mild of those dangers, outcomes might differ materially from these acknowledged, implied or inferred from the forward-looking statements contained on this announcement.

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Shell’s web carbon depth
Additionally, on this announcement we might confer with Shell’s “Web Carbon Depth”, which incorporates Shell’s carbon emissions from the manufacturing of our vitality merchandise, our suppliers’ carbon emissions in supplying vitality for that manufacturing and our prospects’ carbon emissions related to their use of the vitality merchandise we promote. Shell solely controls its personal emissions. Using the time period Shell’s “Web Carbon Depth” is for comfort solely and never supposed to counsel these emissions are these of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Goal
Shell’s working plan, outlook and budgets are forecasted for a ten-year interval and are up to date yearly.  They mirror the present financial surroundings and what we are able to moderately count on to see over the following ten years. Accordingly, they mirror our Scope 1, Scope 2 and Web Carbon Depth (NCI) targets over the following ten years.  Nonetheless, Shell’s working plans can’t mirror our 2050 net-zero emissions goal and 2035 NCI goal, as these targets are at the moment outdoors our planning interval. Sooner or later, as society strikes in the direction of net-zero emissions, we count on Shell’s working plans to mirror this motion. Nonetheless, if society is just not web zero in 2050, as of as we speak, there can be important danger that Shell might not meet this goal.

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Ahead Trying Non-GAAP measures
This announcement might comprise sure forward-looking non-GAAP measures similar to money capital expenditure and divestments. We’re unable to supply a reconciliation of those forward-looking Non-GAAP measures to probably the most comparable GAAP monetary measures as a result of sure data wanted to reconcile these Non-GAAP measures to probably the most comparable GAAP monetary measures relies on future occasions a few of that are outdoors the management of Shell, similar to oil and fuel costs, rates of interest and trade charges. Furthermore, estimating such GAAP measures with the required precision vital to supply a significant reconciliation is extraordinarily tough and couldn’t be completed with out unreasonable effort. Non-GAAP measures in respect of future durations which can’t be reconciled to probably the most comparable GAAP monetary measure are calculated in a fashion which is according to the accounting insurance policies utilized in Shell plc’s consolidated monetary statements.

The contents of internet sites referred to on this announcement don’t kind a part of this announcement.

We might have used sure phrases, similar to sources, on this announcement that the USA Securities and Change Fee (SEC) strictly prohibits us from together with in our filings with the SEC.  Buyers are urged to think about carefully the disclosure in our Type 20-F, File No 1-32575, out there on the SEC web site www.sec.gov.

LEI variety of Shell plc: 21380068P1DRHMJ8KU70

Classification: Extra regulated data required to be disclosed underneath the legal guidelines of a Member State

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