Shell (SHEL) received valid tenders for about $6.3 billion of outstanding unregistered notes in its previously announced exchange offers, the oil giant said Thursday.
The company said about $6.3 billion of restricted notes were exchanged for an equal amount of newly registered notes issued by Shell Finance US and guaranteed by Shell.
Settlement of the exchange offers is expected on July 13, it added.
Vermilion Energy (VET) said late Wednesday it received approval from the Toronto Stock Exchange to renew its share buyback program of up to 15.2 million common shares, starting July 12.The company expects to return 40% of excess free cash flow to shareholders in 2026, according to a statement.
Devon Energy (DVN) has an average rating of buy and mean price target of $60.92, according to analysts polled by FactSet.