Shell plc Announces Audit Tender Outcome
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2026
0mins
Should l Buy SHEL?
Source: Newsfilter
- Auditor Appointment: Shell plc has announced that the Board approved the nomination of Pricewaterhouse Coopers (PwC) as its external auditor following a competitive tender process initiated in Q4 2025, with the appointment effective for the financial year ending December 31, 2027, pending shareholder approval at the 2027 AGM.
- Current Auditor Continuation: Ernst & Young (EY) will continue as Shell's external auditor for the financial year ending December 31, 2026, also subject to shareholder approval at the 2026 AGM, ensuring continuity in audit services.
- Audit Report Quality: Over the past two years, EY issued only unqualified reports on Shell's consolidated financial statements and internal control effectiveness, with no disagreements on accounting matters or disclosures, indicating stable audit quality.
- Tender Process Transparency: Audit tender participants were informed of the outcome on February 5, 2026, and further details regarding the tender process will be included in Shell's 2025 Annual Report and Form 20-F, enhancing corporate governance transparency.
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Analyst Views on SHEL
Wall Street analysts forecast SHEL stock price to fall
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 92.030
Low
41.75
Averages
74.27
High
91.00
Current: 92.030
Low
41.75
Averages
74.27
High
91.00
About SHEL
Shell plc is an international energy company engaged in the principal aspects of the energy and petrochemical industries. The Company's segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas (LNG), conversion of natural gas into gas-to-liquids (GTL) fuels and other products. It includes natural gas and liquids exploration and extraction, and the operation of the upstream and midstream infrastructure. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas and operates the infrastructure necessary to deliver them to the market. The Marketing segment comprises the Mobility, Lubricants, and Sectors & Decarbonization businesses. The Chemicals and Products segment includes chemicals manufacturing plants with their own marketing network, and refineries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Compliance with Transparency: This announcement adheres to the FCA's Disclosure Guidance and Transparency Rules, ensuring shareholders can accurately calculate their interest in Shell, thereby enhancing market transparency.
- Impact of Buyback Program: The total shares figure includes shares repurchased by Shell that have not yet been canceled, indicating the company's proactive management of its capital structure to enhance shareholder value.
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- Compliance and Regulation: All repurchase transactions comply with Chapter 9 of the UK Listing Rules and Market Abuse Regulation, ensuring that the company operates within a legal framework for capital management, thereby enhancing investor trust.
See More
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- Deteriorating Fiscal Outlook: While global oil prices had risen due to the ongoing Middle East conflict, the inability to transport crude has severely blunted potential revenue growth, worsening Russia's fiscal outlook amid a widening budget gap.
- Structural Economic Challenges: The focus on targeting energy infrastructure indicates a shift toward industrial attrition in the war, presenting structural challenges to the Russian economy that cannot be easily mitigated through air defenses, with investors concerned about the duration of repairs at the ports, as any delays could redirect global crude flows.
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