Shell plc (SHEL), the British petroleum company, Friday announced that it is pausing its $3 billion share repurchase program from and including, June 12, until including the market close of July 14.
The suspension comes after ARC Resources Ltd. published its shareholder circular and due to related securities law requirements, that apply to Shell.
Further, the petroleum company will update if the suspension extends beyond the dates set out.
In pre-market activity, SHEL shares were trading at $85.06, down 0.91% on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.