Shell plc reports recurring developments for an integrated energy group with American depositary shares that each represent two ordinary shares. Company news commonly covers operating and financial results across Integrated Gas, Upstream, Marketing, and Chemicals and Products, including LNG, production, trading and optimisation, refining, and chemicals activities.
Other updates focus on shareholder distributions and capital management, including interim dividends, share buyback programmes, purchases of ordinary shares for cancellation, and related Market Abuse Regulation disclosures. Shell also publishes governance and ownership notices, including annual meeting materials, director and PDMR shareholding notifications, and financial statements from Shell International Finance B.V.
Shell (SHEL) announced final results of its exchange offers dated December 4, 2025 to replace six series of notes issued by Shell International Finance B.V. and BG Energy Capital with new notes issued by Shell Finance US and guaranteed by Shell.
$6,347,729,000 of old notes were validly tendered and accepted; settlement and issuance of the New Notes is expected on December 8, 2025. The Exchange Offers aim to migrate debt to Shell Finance US to optimize the group capital structure. A registration rights agreement will obligate Shell to file for registered exchanges or a resale shelf within 365 days of settlement.
Shell (SHEL) purchased shares for cancellation on 02 December 2025 under its existing buy-back programme announced on 30 October 2025. Purchases executed by venue:
- LSE: 745,510 shares, VWAP £27.9828 (high £28.1250 / low £27.7950)
- XAMS: 740,501 shares, VWAP €31.9135 (high €32.0650 / low €31.7000)
Merrill Lynch International is making independent trading decisions for the programme from 30 October 2025 to 30 January 2026. On- and off-market limbs are being executed under UK Listing Rules Chapter 9 and UK MAR/EU MAR requirements, with purchases effected pursuant to the shareholder-approved off-market contract where applicable.
Shell (SHEL) announces on 28 November 2025 it purchased 1,486,151 shares for cancellation under its ongoing buy-back programme announced 30 October 2025.
Purchases by trading venue: 745,731 shares on LSE at VWAP £27.8192, and 740,420 shares on XAMS at VWAP €31.8187. No trades were reported on Chi-X, BATS, CBOE DXE or TQEX for the date.
The programme is managed by Merrill Lynch International (making independent trading decisions) and runs from 30 October 2025 up to and including 30 January 2026, conducted under UK MAR and EU MAR rules and the company’s repurchase authorities.
Shell plc (SHEL) notified the market of its total voting rights and capital as at 28 November 2025. The company's capital comprises 5,750,420,233 ordinary shares of €0.07 each, and Shell holds no shares in treasury.
Shareholders may use the figure 5,750,420,233 as the denominator to determine whether they must notify changes to their interest under the FCA Disclosure Guidance and Transparency Rules. The figure includes shares purchased under Shell's buy-back programme that have not yet been cancelled. This announcement is made pursuant to DGTR 5.6.1.
Shell (SHEL) announced that on 27 November 2025 it purchased and cancelled a total of 1,470,194 shares across trading venues as part of its existing buy-back programme announced 30 October 2025.
Purchases reported: 722,180 shares on LSE (VWAP £27.5232) and 748,014 shares on XAMS (VWAP €31.5143). Merrill Lynch International is executing the programme independently for the period 30 Oct 2025–30 Jan 2026. Transactions comply with UK MAR/EU MAR rules and the company’s on‑ and off‑market authorities; shares were cancelled.
Shell plc (SHEL) announces that on 26 November 2025 it purchased shares for cancellation under its existing buy-back programme announced on 30 October 2025. Aggregated trades on 26/11/2025 show 747,233 shares on LSE (VWAP £27.6548) and 742,836 shares on XAMS (VWAP €31.5992). Merrill Lynch International will trade independently for the programme from 30 October 2025 to 30 January 2026. Purchases are effected on- and off-market within pre-set parameters and in compliance with UK MAR and EU MAR rules.
Shell plc (SHEL) announces that on 25 November 2025 it purchased shares for cancellation as part of its ongoing buy-back programme.
Aggregated purchases reported: 748,395 shares on LSE at a volume-weighted average price of £27.7619 and 750,087 shares on XAMS at a volume-weighted average price of €31.7079, totaling 1,498,482 shares purchased on that date. Purchases form part of the on- and off-market limbs of the programme announced on 30 October 2025, with Merrill Lynch International making independent trading decisions from 30 October 2025 through 30 January 2026.
The programme is being conducted under applicable UK and EU Market Abuse Regulation frameworks and the Company reports a breakdown of individual trades made by Merrill Lynch International.
Shell (SHEL) purchased shares for cancellation on 21 November 2025 as part of its ongoing buy-back programme announced 30 October 2025. Purchases by venue: 749,814 shares on LSE at a volume-weighted average price of £27.7761 and 748,549 shares on XAMS at a volume-weighted average price of €31.6612.
The programme is being executed by Merrill Lynch International independently for the period 30 October 2025–30 January 2026, and will be conducted under UK MAR and related rules.
Shell (SHEL) bought 1,477,210 shares for cancellation on 18 November 2025 as part of its on- and off-market buy-back programme announced 30 October 2025. Purchases were executed on LSE and XAMS with aggregated volume-weighted average prices of £28.1638 (LSE) and €32.0662 (XAMS); highest prices paid were £28.40 and €32.34 respectively.
Merrill Lynch International is making trading decisions independently for the programme period 30 October 2025 to 30 January 2026. The buy-back is conducted under UK MAR and related rules; a detailed trade breakdown by Merrill Lynch is provided.
Shell (SHEL) announced early participation results for its exchange offers and extended the Early Participation Premium to all eligible holders through 5:00 p.m. New York time on December 3, 2025. As of the early participation deadline (Nov 17, 2025), $6,222,581,000 aggregate principal of Old Notes was tendered across six series.
Eligible holders who validly tender by the Expiration Time will receive corresponding New Notes plus a $1.00 cash component per $1,000 principal and an Early Participation Premium comprised of $30 principal amount of New Notes. Expected settlement is December 8, 2025 if offers are not extended.