What did Shell (SHEL) announce about its share buyback on 18 May 2026?

Shell announced it repurchased 231,000 shares for cancellation on 18 May 2026. According to Shell, these shares were bought on the London Stock Exchange as part of its ongoing buy-back programme previously launched on 7 May 2026.

Who manages Shell’s (SHEL) share buy-back trades between May and July 2026?

Goldman Sachs International manages Shell’s buy-back trades independently. According to Shell, Goldman Sachs makes trading decisions for the programme from 7 May 2026 up to and including 24 July 2026, operating within pre-set parameters and legal requirements.

Under which regulations is Shell’s (SHEL) 2026 share buy-back programme conducted?

The buy-back programme is conducted under UK and EU Market Abuse Regulation frameworks. According to Shell, it follows Chapter 9 of the UK Listing Rules, EU MAR, UK MAR, and the onshored EU MAR Delegated Regulation, including relevant UK statutory instruments.

Transaction in Own Shares

Shell (LSE:SHEL) reported a share repurchase on 18 May 2026 under its previously announced buy-back programme.

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Rhea-AI Summary

Shell (LSE:SHEL) reported a share repurchase on 18 May 2026 under its previously announced buy-back programme. The company bought 231,000 shares on the LSE for cancellation at a volume-weighted average price of £32.4578, within a range of £32.1300–£32.8000.

Goldman Sachs International executes the programme independently between 7 May and 24 July 2026 under UK and EU Market Abuse Regulation rules.

Argus May 19 session

-0.15% close to close Open Argus

Details

News Market Reaction – SHEL

On May 19, the day this news came out, SHEL closed 0.15% below the previous close.

Data tracked by StockTitan Argus for the May 19 session.

Key Figures

Shares repurchased: 231,000 shares Highest price paid: £32.8000 per share Lowest price paid: £32.1300 per share +3 more

Shares repurchased: 231,000 shares; Purchased for cancellation on 18 May 2026 (LSE)
Highest price paid: £32.8000 per share; LSE repurchases on 18 May 2026
Lowest price paid: £32.1300 per share; LSE repurchases on 18 May 2026
VWAP paid: £32.4578 per share; Volume weighted average price, LSE, 18 May 2026
Buyback start date: 7 May 2026; Programme period referenced in the announcement
Buyback end date: 24 July 2026; Programme period referenced in the announcement

Historical Context

5 past events · Latest: May 18

5 events

May 18
Share buyback update

24h Move

+3.8%

Repurchase of 1,450,000 shares for cancellation under buy-back programme.
May 15
Share buyback update

24h Move

+1.0%

Buy-back of 1,297,296 shares for cancellation across multiple venues.
May 14
Debt prospectus

24h Move

-0.5%

Approval of base prospectus for multi-currency debt securities programme.
May 14
Share buyback update

24h Move

-0.5%

Disclosure of 1,060,548 shares repurchased for cancellation under programme.
May 14
Payments report

24h Move

-0.5%

Report on $23.84B 2025 payments to governments across key countries.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share buy-back programme, volume weighted average price, eu mar, uk mar, +1 more

5 terms

volume weighted average price financial

"Volume weighted average price paid per share | Venue | Currency"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

eu mar regulatory

"Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ("EU MAR")"

EU MAR is the European Union’s Market Abuse Regulation, a set of rules designed to keep financial markets fair by stopping insider trading and market manipulation and by requiring timely, accurate public disclosure of inside information. Think of it as traffic laws for trading: it sets who can share sensitive information, how it must be disclosed, and penalties for breaking the rules, which matters to investors because stronger rules reduce surprises, boost trust, and affect companies’ legal and reporting costs.

uk mar regulatory

"and ... as "onshored" into UK law ... from time to time ("UK MAR")"

UK MAR is the UK Market Abuse Regulation, a set of laws designed to prevent insider trading, market manipulation and other dishonest practices in financial markets while setting rules for how companies must disclose important information. It matters to investors because it helps ensure a fair playing field and timely, reliable disclosures so price changes reflect real news rather than secret deals—think of it as the rulebook that keeps the market honest and predictable.

uk listing rules regulatory

"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules..."

UK listing rules are a set of regulations that companies must follow to be officially listed on a UK stock exchange. These rules ensure that companies provide clear, accurate, and sufficient information to protect investors and maintain market confidence, similar to how safety standards ensure products are reliable. Adhering to these rules is important for investors because it helps them make informed decisions about buying or selling company shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/19/2026 - 04:10 AM EDT

Transaction in Own Shares

18 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 18 May, 2026 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
18/05/2026	231,000	£ 32.8000	£ 32.1300	£ 32.4578	LSE	GBP
18/05/2026	-	-	-	-	Chi-X (CXE)	GBP
18/05/2026	-	-	-	-	BATS (BXE)	GBP

These share purchases form part of the Company's share buy-back programme previously announced on 7 May 2026.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 7 May 2026 up to and including 24 July 2026.

Any such share purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares. 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 Goldman Sachs International 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

Attachment

20260518_Shell RNS - full version

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Shell (SHEL) shares were bought back and at what price on 18 May 2026?

Shell bought back 231,000 shares on 18 May 2026. According to Shell, the volume-weighted average price paid per share was £32.4578, with prices ranging between £32.1300 and £32.8000 on the London Stock Exchange.

Which trading venues were included in Shell’s (SHEL) 18 May 2026 buyback activity?

The disclosed purchases occurred on the London Stock Exchange. According to Shell, the daily report also listed Chi-X (CXE) and BATS (BXE) as venues, though no specific share quantities or prices were reported for those platforms on 18 May 2026.

What happens to the Shell (SHEL) shares repurchased on 18 May 2026?

The repurchased shares are designated for cancellation. According to Shell, the 231,000 shares bought on 18 May 2026 form part of its wider buy-back programme and are being acquired specifically for cancellation rather than for holding in treasury.

Transaction in Own Shares