Transaction in Own Shares

Rhea-AI Summary

On May 19, 2025, Shell plc (SHEL) announced share repurchases across multiple trading venues as part of its buyback program. The company purchased: - 1,050,000 shares on London venues (LSE, Chi-X, BATS) at prices between £24.55-£24.88 - 1,060,000 shares on European venues (XAMS, CBOE DXE, TQEX) at prices between €29.33-€29.77 The purchases are part of Shell's buyback programme announced on May 2, 2025, which will run until July 25, 2025. BNP PARIBAS SA is executing the trades independently within pre-set parameters, including both on-market and off-market transactions.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Multi-venue execution strategy suggests efficient price discovery and liquidity management
• Independent execution by BNP Paribas ensures market compliance and trading objectivity

Negative

• Share repurchases reduce company's cash reserves available for operations and investments

Insights

Financial Analyst

Shell continues executing its previously announced share buyback program, purchasing over 2.1 million shares across multiple venues.

Shell's latest buyback transaction involves the purchase of approximately 2.11 million shares across various trading venues. The company acquired around 1.05 million shares on UK exchanges at prices between £24.55 and £24.88, with a volume-weighted average price of about £24.73. Additionally, Shell purchased approximately 1.06 million shares on European exchanges at prices ranging from €29.34 to €29.78, with average prices around €29.57.

This buyback activity is part of Shell's previously announced share repurchase program from May 2, 2025, which will continue through July 25, 2025. BNP PARIBAS SA is independently executing these trades within pre-established parameters, following regulatory requirements including UK Listing Rules, Market Abuse Regulations, and related delegated regulations.

Share buybacks typically signal management's confidence in the company's financial position and often support share price by reducing available shares in the market. For shareholders, buybacks can be positive as they effectively increase ownership percentage per share and often support share price stability. This transaction represents Shell's ongoing capital return commitment alongside its dividend program, reflecting the company's strong cash generation capabilities characteristic of major energy companies in favorable market conditions.

Transaction in Own Shares

19 May, 2025

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Shell plc (the ‘Company’) announces that on 19 May, 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
19/05/2025	705,796	£24.8800	£24.5500	£24.7266	LSE	GBP
19/05/2025	221,441	£24.8800	£24.5500	£24.7278	Chi-X (CXE)	GBP
19/05/2025	122,763	£24.8800	£24.5500	£24.7294	BATS (BXE)	GBP
19/05/2025	708,219	€29.7750	€29.3350	€29.5713	XAMS	EUR
19/05/2025	282,313	€29.7600	€29.3400	€29.5722	CBOE DXE	EUR
19/05/2025	69,468	€29.7400	€29.3650	€29.6187	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2025.

In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by BNP PARIBAS SA on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2025 05 19

FAQ

How many shares did Shell (SHEL) repurchase on May 19, 2025?

Shell purchased approximately 2.11 million shares total: 1.05 million shares across London venues (LSE, Chi-X, BATS) and 1.06 million shares across European venues (XAMS, CBOE DXE, TQEX).

What is the duration of Shell's current share buyback program?

Shell's current buyback program runs from May 2, 2025, to July 25, 2025, as executed by BNP PARIBAS SA.

What was the price range for Shell's share repurchases on May 19, 2025?

Shell purchased shares at £24.55-£24.88 on London venues and €29.33-€29.77 on European venues.

Who is executing Shell's share buyback program?

BNP PARIBAS SA is executing the trading decisions independently of Shell within pre-set parameters.

What types of buyback transactions is Shell conducting?

Shell is conducting both on-market and off-market share repurchases as part of its buyback program.