Shell plc Announces 2024 Interim Dividend Timetable
The Board of Shell plc has released the intended timetable for the 2024 quarterly interim dividends. The schedule includes announcement dates, ex-dividend dates for both ADSs and ordinary shares, record dates, closing dates for currency election, pounds sterling and euro equivalents announcement dates, and payment dates. Shareholders holding shares in a securities account with a bank or financial institution through Euroclear Nederland may have a different currency election date. The full 2024 interim dividend timetable can be found on the Shell website.
Forward-Looking Statements and Non-GAAP Measures
This announcement contains forward-looking statements concerning Shell's financial condition, results of operations, and businesses. These statements are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. The announcement also includes forward-looking non-GAAP measures, such as cash capital expenditure and divestments, which cannot be reconciled to the most comparable GAAP financial measures due to future events beyond Shell's control. Investors are advised to review Shell's Form 20-F for additional risk factors and disclosure.
Shell's Net Carbon Intensity and Net-Zero Emissions Target
The announcement references Shell's "Net Carbon Intensity," which includes carbon emissions from the production of energy products, supplier emissions, and customer emissions. Shell's operating plans reflect its Scope 1, Scope 2, and Net Carbon Intensity targets over the next ten years, but do not currently reflect the 2050 net-zero emissions target. Shell expects its operating plans to align with net-zero emissions as society progresses towards that goal. However, if society is not net zero by 2050, there is a risk that Shell may not meet its target.
In conclusion, Shell's 2024 interim dividend timetable provides shareholders with important dates for dividend announcements and payments. The announcement also includes cautionary statements, forward-looking information, and references to Shell's sustainability goals.
A Deep Dive into Shell's 2024 Interim Dividend Timetable
Shell plc's announcement of its 2024 interim dividend timetable is a significant development that could impact new businesses, particularly those in the energy sector. The detailed schedule, which includes key dates for dividend announcements and payments, underscores the importance of strategic financial planning and transparency in investor relations. For new businesses, this serves as a model for managing and communicating financial expectations.
Forward-Looking Statements: A Cautionary Tale
Shell's forward-looking statements and non-GAAP measures, such as cash capital expenditure and divestments, highlight the inherent uncertainties in predicting future business outcomes. These statements, based on current expectations and assumptions, are subject to risks that could cause actual results to differ materially. This is a crucial reminder for new businesses to be aware of potential risks and to communicate these effectively to investors.
Climate Goals and Business Strategy
Shell's reference to its "Net Carbon Intensity" and 2050 net-zero emissions target indicates its commitment to sustainability. However, the company acknowledges that if society fails to achieve net zero by 2050, it may not meet its target. This presents a challenge for new businesses: to align their operations with societal progress towards net-zero emissions, while also preparing for the possibility that these goals may not be met.
In conclusion, Shell's announcement provides valuable insights for new businesses, emphasizing the importance of financial planning, risk management, and sustainability in today's business landscape.