06 February, 2023 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 6 February 2023 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchase Number of Shares purchased Highest price paid Lowest price paid Volume weighted average price paid per share Venue Currency 06/02/2023 846,943 £24.205 £23.775 £23.989 LSE GBP 06/02/2023 230,000 £24.200 £23.785 £24.030 Chi-X (CXE) GBP 06/02/
Oil company profits are widely held to be a function of the commodity’s price. More important, the normally quiet European natural gas market has suffered massive shortages. The Ukraine war meant European gas prices averaged $40/Mmbtu in 2022, almost four times what they were in 2014.
Yahoo Finance Live’s Julie Hyman breaks down oil earnings.