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Shell Pauses $3 Billion Share Buyback Until July

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Shell (SHEL.L, SHELL.AS) on Friday suspended its $3 billion share repurchase program following the publication of its acquisition target's shareholder circular and due to related securities law requirements applicable to the group.

Launched in May, the program will be halted until July 14, the published date of Canadian energy company ARC Resources' shareholder meeting. Any repurchases not conducted during the suspension will be part of the remaining 2026 programs, subject to board approval.

The British energy giant in April agreed to acquire ARC in a $16.4 billion deal.

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