Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) announced on 18 March 2026 that it purchased and cancelled a total of 1,618,100 shares across multiple trading venues.
Purchases show volume-weighted average prices of about GBP 34.62 and EUR 40.05. The transactions form part of the buy-back programme running from 05 February 2026 to 01 May 2026, with Morgan Stanley making independent trading decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- 1,618,100 shares purchased and cancelled on 18 March 2026
- VWAPs approximately GBP 34.62 and EUR 40.05 across venues
- Buy-back programme active 05 February–01 May 2026 with Morgan Stanley trading independently
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL gained 0.85%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 17 | Share buyback | Positive | +1.6% | Daily disclosure of 559,910 shares repurchased and cancelled under buyback. |
| Mar 16 | Share buyback | Positive | +1.8% | Venue-level detail on ongoing on- and off-market buyback trades. |
| Mar 16 | Dividend update | Positive | +1.8% | Announcement of Q4 2025 dividend equivalents in EUR and GBP. |
| Mar 13 | Share buyback | Positive | +1.2% | Disclosure of 326,683 shares repurchased for cancellation across venues. |
| Mar 12 | Share buyback | Positive | +1.1% | Report of 336,336 shares repurchased for cancellation as part of programme. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent buyback and dividend announcements have coincided with consistent single-day gains following disclosures.
Over 12–17 March 2026, Shell reported multiple daily buyback transactions, cancelling between 326,683 and 559,910 shares per day across UK and European venues under the programme launched on 5 February 2026. A separate update on 16 March 2026 detailed Q4 2025 dividend equivalents of US$0.372 per share. Each of these disclosures was followed by positive one-day price moves between 1.1% and 1.77%, suggesting the market has been receptive to capital returns.
Regulatory & Risk Context
Key Terms
on-market limb financial
EU MAR regulatory
UK MAR regulatory
UK Listing Rules regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
18 March 2026
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 18 March 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 |
| 18/03/2026 | 542,957 | 34.7600 | 34.4050 | 34.6182 | LSE | GBP |
| 18/03/2026 | 167,129 | 34.7600 | 34.3600 | 34.6033 | Chi-X (CXE) | GBP |
| 18/03/2026 | 91,918 | 34.7600 | 34.4100 | 34.6118 | BATS (BXE) | GBP |
| 18/03/2026 | 495,026 | 40.2250 | 39.8500 | 40.0498 | XAMS | EUR |
| 18/03/2026 | 276,255 | 40.2250 | 39.8050 | 40.0548 | CBOE DXE | EUR |
| 18/03/2026 | 44,815 | 40.2250 | 39.8050 | 40.0340 | 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
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