Key facts: Shell Launches Share Buy-Back Program; Secures U.S. Licenses
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On February 20, 2026, Shell plc launched a share buy-back program, involving on- and off-market trades, with Morgan Stanley managing independent trades until May 1, 2026.1Shell has received newly issued U.S. exploration licenses that enable the company to advance its long-delayed Dragon natural gas project in Venezuela, following a period of regulatory uncertainty.23
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