Transaction in Own Shares

Shell (LSE:SHEL) purchased and cancelled 1,380,295 shares on 16 February 2026 across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

Rhea-AI Summary

Shell (LSE:SHEL) purchased and cancelled 1,380,295 shares on 16 February 2026 across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

These purchases form part of the on- and off-market limbs of the company’s share buy-back programme announced 05 February 2026, managed by Morgan Stanley from 05 Feb to 01 May 2026.

Positive

• 1,380,295 shares purchased and cancelled on 16 February 2026
• Buy-back executed across six trading venues in GBP and EUR
• Programme managed independently by Morgan Stanley from 05 Feb to 01 May 2026

Negative

• None.

Argus Session date unavailable

-1.05% session move Open Argus

Details

News Market Reaction – SHEL

The recorded move for SHEL in the trading session of this news was -1.05%.

Data tracked by StockTitan Argus. Session date unavailable.

Key Figures

Shares purchased (LSE): 430,486 shares VWAP (LSE): £28.7778 per share Shares purchased (XAMS): 415,753 shares +5 more

Shares purchased (LSE)

430,486 shares

16/02/2026 buy-back, LSE, for cancellation

VWAP (LSE)

£28.7778 per share

16/02/2026 buy-back, LSE

Shares purchased (XAMS)

415,753 shares

16/02/2026 buy-back, XAMS, for cancellation

VWAP (XAMS)

€33.1952 per share

16/02/2026 buy-back, XAMS

Highest price (GBP venues)

£28.8600 per share

16/02/2026 LSE, Chi-X, BATS

Lowest price (GBP venues)

£28.6150 per share

16/02/2026 LSE, Chi-X, BATS

Highest price (EUR venues)

€33.3000 per share

16/02/2026 XAMS, CBOE DXE, TQEX

Lowest price (EUR venues)

€32.9850 per share

16/02/2026 CBOE DXE

Historical Context

5 past events · Latest: Feb 12

5 events

1. Feb 12

   Share buy-back

   24h Move

   -2.5%

   Disclosure of 1,396,574 shares repurchased for cancellation across multiple venues.

2. Feb 11

   Share buy-back

   24h Move

   +3.0%

   Repurchase of 1,278,353 ordinary shares as part of ongoing buy-back.

3. Feb 10

   Share buy-back

   24h Move

   +0.1%

   Purchase of 1,127,688 shares for cancellation under current programme.

4. Feb 10

   PDMR share awards

   24h Move

   +0.1%

   Conditional performance share awards to CEO, CFO and other executives.

5. Feb 09

   Share buy-back

   24h Move

   +3.3%

   Disclosure of 1,382,252 shares repurchased and immediately cancelled.

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

Key Terms

eu mar, uk mar, uk listing rules, buy-back programme, +2 more

6 terms

eu mar regulatory

"dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law"

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

"from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052"

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

"conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5"

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.

buy-back programme financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme"

A buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.

off-market buyback contract financial

"pursuant to the off-market buyback contract approved by its shareholders"

An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.

volume weighted average price technical

"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.

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

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Transaction in Own Shares   

16 February 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 16 February 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
16/02/2026	430,486	28.8600	28.6150	28.7778	LSE	GBP
16/02/2026	174,518	28.8600	28.6150	28.7820	Chi-X (CXE)	GBP
16/02/2026	81,463	28.8600	28.6150	28.7825	BATS (BXE)	GBP
16/02/2026	415,753	33.3000	32.9900	33.1952	XAMS	EUR
16/02/2026	230,621	33.3000	32.9850	33.1923	CBOE DXE	EUR
16/02/2026	47,454	33.3000	32.9900	33.1925	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 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 2026.

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 Morgan Stanley & Co. International Plc 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

• Shell_PDF_2026-02-16

FAQ

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

How many shares did Shell (SHEL) buy back and cancel on 16 February 2026?

Shell purchased and cancelled 1,380,295 shares on 16 February 2026. According to the company, the purchases were executed across six trading venues in GBP and EUR as part of its ongoing buy-back programme announced 05 February 2026.

Which trading venues did Shell (SHEL) use for the 16 February 2026 buy-back?

Shell executed buy-back trades on LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX on 16 February 2026. According to the company, the transactions were split across those venues with reported highest, lowest and VWAP prices per venue.

What price ranges did Shell (SHEL) pay during the 16 February 2026 buy-back?

Prices paid ranged approximately £28.6150–£28.8600 on GBP venues and €32.9850–€33.3000 on EUR venues. According to the company, each venue’s highest, lowest and VWAP were reported for 16 February 2026.

Is the 16 February 2026 buy-back part of a larger Shell (SHEL) programme and who manages it?

Yes. The purchases were part of Shell’s buy-back programme announced 05 February 2026 and are being managed independently by Morgan Stanley & Co. International Plc. According to the company, Morgan Stanley will trade from 05 Feb to 01 May 2026.

Will the Shell (SHEL) buy-back on 16 February 2026 affect outstanding share count?

The company cancelled the 1,380,295 shares purchased on 16 February 2026, reducing the number of outstanding shares. According to the company, the cancellations were executed as part of the buy-back programme.

How long will Morgan Stanley trade on behalf of Shell (SHEL) under this buy-back programme?

Morgan Stanley will make independent trading decisions for Shell from 05 February 2026 up to and including 01 May 2026. According to the company, trades will follow pre-set parameters and applicable UK MAR and EU MAR rules.