Core Viewpoint - Shell plc announced the third quarter 2025 interim dividend of US$0.358 per ordinary share, with options for shareholders to receive dividends in US dollars, euros, or pounds sterling [1][2]. Dividend Payment Details - Shareholders who submitted valid currency elections by November 28, 2025, will receive dividends of US$0.358, €0.3070, or 26.85p per ordinary share [2]. - Dividends payable in euros and pounds sterling have been converted from US dollars based on average market exchange rates from December 3 to December 5, 2025 [4]. - The dividend payment date is set for December 18, 2025, for members listed on the Register of Members as of November 14, 2025 [4]. Taxation and Currency Election - Shareholders uncertain about the tax treatment of dividends are advised to consult their tax advisors [5]. - Different currency election deadlines may apply to shareholders holding shares through financial institutions, and they are encouraged to contact their brokers for specific deadlines [6].

Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q3 2025 [1] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling [2] - The payment date for the dividend is set for December 18, 2025 [5] Dividend Details - The equivalent cash dividend for American Depositary Shares (ADSs) is US$ 0.716, with each ADS representing two ordinary shares [3][4] - The ex-dividend date for ordinary shares is November 13, 2025, and for ADSs, it is November 14, 2025 [5] - The record date for dividend eligibility is November 14, 2025 [5] Currency Election and Payment - Shareholders holding shares through Euroclear Nederland will receive dividends in euros unless a valid election is made [2] - The closing date for currency election is November 28, 2025, at 11:00 am GMT [6] - The announcement date for pound sterling and euro equivalent payments is December 8, 2025 [5] Dividend Reinvestment Programs - Shell offers Dividend Reinvestment Plans (DRIPs) allowing shareholders to reinvest dividends into additional shares [9] - Shareholders must make a valid election for DRIPs before the close of elections for the next dividend [9]

Core Insights - The company provides an updated outlook for Q3 2025, with results to be finalized and published on October 30, 2025 [1] Integrated Gas - Production is expected to be between 910 and 950 kboe/d, slightly lower than Q2 2025's 913 kboe/d [2] - LNG liquefaction volumes are projected to increase to between 7.0 and 7.4 million tonnes from 6.7 million tonnes in Q2 2025 [2] - Underlying operating expenses (opex) are expected to remain stable at 1.0 to 1.2 billion [2] - Pre-tax depreciation is forecasted to be between 1.4 and 1.8 billion, down from 1.6 billion in Q2 2025 [2] - Taxation charge is anticipated to be between 0.4 and 0.7 billion, a decrease from 0.5 billion in Q2 2025 [2] Upstream - Production is expected to rise to between 1,790 and 1,890 kboe/d, up from 1,732 kboe/d in Q2 2025 [4] - Underlying opex is projected to be between 1.9 and 2.5 billion, slightly lower than Q2 2025's 2.0 billion [4] - Pre-tax depreciation is expected to be between 2.3 and 2.9 billion, down from 2.4 billion in Q2 2025 [4] - Taxation charge is forecasted to be between 1.5 and 2.3 billion, a decrease from 2.2 billion in Q2 2025 [4] Marketing - Sales volumes are projected to be between 2,650 and 3,050 kb/d, down from 2,813 kb/d in Q2 2025 [6] - Underlying opex is expected to be between 2.4 and 2.8 billion, slightly lower than Q2 2025's 2.5 billion [6] - Pre-tax depreciation is forecasted to be between 0.5 and 0.7 billion, down from 0.6 billion in Q2 2025 [6] - Taxation charge is anticipated to be between 0.2 and 0.6 billion, a decrease from 0.4 billion in Q2 2025 [6] Chemicals and Products - Indicative refining margin is expected to increase to $11.6 per barrel from $8.9 per barrel in Q2 2025 [8] - Indicative chemicals margin is projected to decrease slightly to $160 per tonne from $166 per tonne in Q2 2025 [8] - Refinery utilization is expected to remain stable at 94% to 98% [8] - Chemicals utilization is projected to increase to between 79% and 83% from 72% in Q2 2025 [8] Shell Group Financials - Cash flow from operations (CFFO) is expected to be impacted by a tax payment decrease to between 2.1 and 2.9 billion from 3.4 billion in Q2 2025 [10] - Non-cash post-tax impairments of approximately $0.6 billion are anticipated in the Marketing segment due to the Rotterdam HEFA project cancellation [11] - An increase in gearing of 0.4% is expected in Q3 2025 related to new pension legislation in the Netherlands [11] Adjusted Earnings - Adjusted earnings for Q3 2025 are expected to reflect a loss in the Renewables and Energy Solutions segment, estimated between (0.2) and (0.4) billion [21][22] - Corporate adjusted earnings are projected to be between (0.5) and (0.3) billion, consistent with Q2 2025 [22]

Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q2 2025 [1][2] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling, with default options based on their holding method [2][3] - The dividend payment for American Depositary Shares (ADSs) is set at US$ 0.716, with each ADS representing two ordinary shares [3][4] Dividend Details - The dividend timetable includes key dates: announcement on July 31, 2025, ex-dividend dates on August 14 and 15, 2025, record date on August 15, 2025, and payment date on September 22, 2025 [5] - The equivalent dividend payments in pounds sterling and euros will be announced on September 8, 2025 [3][5] Additional Information - Shareholders holding shares through Euroclear Nederland will receive dividends in euros unless a valid election is made [2][3] - A Dividend Reinvestment Program (DRIP) is available for shareholders wishing to reinvest their dividends into purchasing more shares [8] - Tax treatment of dividends should be consulted with a tax advisor for shareholders uncertain about their obligations [7]

Core Insights - Shell demonstrated strong operational performance and robust cash flows despite a challenging macroeconomic environment, achieving significant milestones in its deep-water portfolio and LNG operations [1][2][6] Financial Performance - Adjusted Earnings for Q2 2025 were $4.3 billion, with a Cash Flow from Operations (CFFO) of $11.9 billion, enabling a $3.5 billion share buyback program [6][8] - Structural cost reductions amounted to $3.9 billion since 2022, with $0.8 billion achieved in the first half of 2025 [2][6] - The company maintained a strong balance sheet with a gearing ratio of 19% and net debt of $14.3 billion [6][7] Segment Performance Integrated Gas - Adjusted Earnings were $1.7 billion with CFFO of $3.6 billion; LNG sales volumes increased to 17.8 million tonnes in Q2 2025 [3][9] - Realized gas prices decreased to $7.2 per thousand scf, while production slightly declined to 913 kboe/d [9] Upstream - Adjusted Earnings were $1.7 billion, with total production at 1,732 kboe/d; realized liquids prices fell to $64 per barrel [10] - Gas production decreased significantly to 2,310 million scf/d [10] Marketing - Adjusted Earnings rose to $1.2 billion, driven by improved margins in the Mobility unit and higher sales volumes [11] Chemicals & Products - Adjusted Earnings were $0.1 billion, impacted by lower trading results and unplanned downtime; refinery utilization improved to 94% [12][13] Renewables & Energy Solutions - Adjusted Earnings remained stable, with external power sales at 70 TWh and renewables power generation capacity increasing to 7.6 GW [14] Strategic Developments - The first cargo from LNG Canada was shipped, enhancing Shell's LNG position and supporting a growth target of 4-5% CAGR in LNG sales to 2030 [6][8] - The company continued to enhance its deep-water portfolio with new projects in Brazil and Nigeria [6][8]

Core Points - Shell plc announced the first quarter 2025 interim dividend of US$0.358 per ordinary share, equivalent to €0.3136 or 26.41p depending on the currency election made by shareholders [1][2] - Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling, with the election deadline being June 2, 2025 [2][3] - The dividend payments in euros and pounds sterling are based on market exchange rates averaged over three days from June 4 to June 6, 2025, and will be payable on June 23, 2025 [4] Dividend Payment Details - Holders of ordinary shares who do not submit a valid currency election will receive dividends in euros or pounds sterling based on their holding method [3][4] - The dividend will be payable to members listed on the Register of Members as of May 16, 2025 [4] Taxation and Currency Election - Shareholders are advised to consult their tax advisors regarding the tax treatment of dividends [5] - Different currency election dates may apply to shareholders holding shares through various financial institutions, and they should check with their brokers for specific deadlines [6]