RE: Buybacks10 Feb 2022 10:35
Before COVID , 31st Dec 2019 shell had 7,878,276,321 ( A+Bshares) @ £22.56 = Market cap £177.73billion.
Today we have 7,644,850,580 shares @£20.45 = Market cap £154.77.
Yes, we may have sold some assets, but given the P/E ratio is still much lower than long term average, and share buy backs until early May committed… Div yield 3.8%..
Maybe we can’t say “Never sell Shell” these days but this seems a safe buy and hold to me for a good few years yet. Exciting times ahead.
GS