Statement issued by the company (Announcement)<\/p>\n
SHELL PLC THIRD QUARTER 2025 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS<\/b><\/p>\n
December 8, 2025<\/p>\n
The Board of Shell<\/strong> plc today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2025 interim dividend, which was announced on October 30, 2025 at US$0.358 per ordinary share.<\/p>\n Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 28, 2025 will be entitled to a dividend of US$0.358, \u20ac0.3070 or 26.85p per ordinary share, respectively.<\/p>\n Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland<\/strong> will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above.<\/p>\n Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from December 3 to December 5, 2025. This dividend will be payable on December 18, 2025 to those members whose names were on the Register of Members on November 14, 2025.<\/p>\n If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.<\/p>\n A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.<\/p>\n The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement \u201cShell\u201d, \u201cShell Group\u201d and \u201cGroup\u201d are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d 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. \u2018\u2018Subsidiaries\u2019\u2019, \u201cShell subsidiaries\u201d and \u201cShell companies\u201d as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms \u201cjoint venture\u201d, \u201cjoint operations\u201d, \u201cjoint arrangements\u201d, and \u201cassociates\u201d may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.\u00a0 The term \u201cShell interest\u201d 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.<\/p>\n This 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\u2019s 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\u2019s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as \u201caim\u201d; \u201cambition\u201d; \u2018\u2018anticipate\u2019\u2019;\u00a0 \u201caspire\u201d; \u201caspiration\u201d; \u2018\u2018believe\u2019\u2019; \u201ccommit\u201d; \u201ccommitment\u201d; \u2018\u2018could\u2019\u2019; \u201cdesire\u201d; \u2018\u2018estimate\u2019\u2019; \u2018\u2018expect\u2019\u2019; \u2018\u2018goals\u2019\u2019; \u2018\u2018intend\u2019\u2019; \u2018\u2018may\u2019\u2019; \u201cmilestones\u201d; \u2018\u2018objectives\u2019\u2019; \u2018\u2018outlook\u2019\u2019; \u2018\u2018plan\u2019\u2019; \u2018\u2018probably\u2019\u2019; \u2018\u2018project\u2019\u2019; \u2018\u2018risks\u2019\u2019; \u201cschedule\u201d; \u2018\u2018seek\u2019\u2019; \u2018\u2018should\u2019\u2019; \u2018\u2018target\u2019\u2019; \u201cvision\u201d; \u2018\u2018will\u2019\u2019; \u201cwould\u201d 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\u2019s 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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\u2019s Form 20-F and amendment thereto for the year ended December 31, 2024 (available at\u00a0www.shell.com\/investors\/news-and-filings\/sec-filings.html<\/a>\u00a0and\u00a0www.sec.gov<\/a>). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader.\u00a0 Each forward-looking statement speaks only as of the date of this announcement, December 8, 2025. 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.<\/p>\n Also, in this announcement we may refer to Shell\u2019s \u201cnet carbon intensity\u201d (NCI), which includes Shell\u2019s carbon emissions from the production of our energy products, our suppliers\u2019 carbon emissions in supplying energy for that production and our customers\u2019 carbon emissions associated with their use of the energy products we sell. Shell\u2019s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell\u2019s \u201cnet carbon intensity\u201d or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.<\/p>\n Shell\u2019s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell\u2019s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell\u2019s operating plans and outlooks 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.<\/p>\n This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings 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\u2019s consolidated financial statements.<\/p>\n The contents of websites referred to in this announcement do not form part of this announcement.<\/p>\nTaxation – cash dividend<\/h2>\n
Note<\/h2>\n
Enquiries<\/b>\r\nMedia: International +44 (0) 207 934 5550; U.S. and Canada: https:\/\/www.shell.us\/about-us\/news-and-insights\/media\/submit-an-inquiry.html<\/pre>\n
CAUTIONARY NOTE<\/h2>\n
Forward-Looking statements<\/u><\/h2>\n
Shell\u2019s net carbon intensity<\/u><\/h2>\n
Shell\u2019s net-zero emissions target<\/u><\/h2>\n
Forward Looking non-GAAP measures<\/u><\/h2>\n