Royal Dutch Shell Plc
Description
Royal Dutch Shell plc announced the commencement of trading in the second tranche of its share buyback program previously announced on July 26, 2018. The company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions.
On October 19, 2018 the company completed the first tranche of its share buyback program. In aggregate between July 26, 2018 and October 19, 2018, the company repurchased 60,844,806 A ordinary shares for an aggregate consideration of $2 billion.