Transaction in Own Shares

Rhea-AI Summary

Shell (LSE:SHEL) reported that on 16 July 2026 it repurchased shares for cancellation under its share buy-back programme announced on 7 May 2026. Purchases were executed by Goldman Sachs International across three venues: LSE, Chi-X (CXE) and BATS (BXE), all in GBP.

On the LSE, Shell bought 1,567,000 shares at a volume-weighted average price of £31.5033; on Chi-X, 303,000 shares at £31.5018; and on BATS, 1,277,000 shares at £31.4845. The programme is conducted within pre-set parameters and in compliance with UK Listing Rules Chapter 9, EU MAR, UK MAR and related delegated regulations.

Positive

• Share repurchases on 16 July 2026 totaling 3,147,000 shares for cancellation across LSE, Chi-X and BATS
• VWAP around £31.50 per share across the three venues on the repurchase date
• Buy-back programme executed by Goldman Sachs International independently within pre-set parameters and regulatory frameworks

Negative

• None.

Market Context

Placed alongside Shell’s low reported short positioning and recent modest reactions to similar buy-b...

Analysis

Placed alongside Shell’s low reported short positioning and recent modest reactions to similar buy-back disclosures, this latest repurchase update mainly reinforces the existing capital return pattern. Investors may watch upcoming Q2 2026 results for a more decisive catalyst.

Key Figures

Shares repurchased (LSE): 1,567,000 shares Shares repurchased (Chi-X CXE): 303,000 shares Shares repurchased (BATS BXE): 1,277,000 shares +5 more

8 metrics

Shares repurchased (LSE) 1,567,000 shares 16 Jul 2026, LSE venue, for cancellation

Shares repurchased (Chi-X CXE) 303,000 shares 16 Jul 2026, Chi-X (CXE) venue, for cancellation

Shares repurchased (BATS BXE) 1,277,000 shares 16 Jul 2026, BATS (BXE) venue, for cancellation

Highest price paid £31.6700 Per share, on LSE and Chi-X (CXE), 16 Jul 2026

Lowest price paid (LSE) £31.1050 Per share, LSE venue, 16 Jul 2026

VWAP (LSE) £31.5033 Volume weighted average price per share, LSE, 16 Jul 2026

VWAP (Chi-X CXE) £31.5018 Volume weighted average price per share, Chi-X (CXE), 16 Jul 2026

VWAP (BATS BXE) £31.4845 Volume weighted average price per share, BATS (BXE), 16 Jul 2026

Historical Context

5 past events · Latest: Jul 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 16	Share buy-back update	Positive	+0.5%	Reported 3,075,000 shares repurchased for cancellation under ongoing buy-back programme.
Jul 09	Debt exchange results	Neutral	-1.0%	Final results of exchange offers for $6.298B of guaranteed notes announced.
Jul 07	Q2 2026 update note	Positive	+4.9%	Issued detailed Q2 2026 outlook covering production, margins, tax and cash flow.
Jul 06	PDMR shareholding	Neutral	+0.1%	Disclosed senior management dividend share receipts linked to Q1 2026 interim dividend.
Jun 30	Voting rights update	Neutral	+0.8%	Reported 5,570,928,127 ordinary shares in issue and no treasury shares outstanding.

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

Pattern Detected

Recent Shell disclosures, including buy-backs and capital structure updates, have mostly produced small single-day moves, with the Q2 2026 update note drawing the strongest positive reaction.

Key Terms

uk listing rules, eu mar, uk mar

3 terms

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.

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

"and "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.

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

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Transaction in Own Shares

16 July, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 16 July, 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
16/07/2026	1,567,000	£ 31.6700	£ 31.1050	£ 31.5033	LSE	GBP
16/07/2026	303,000	£ 31.6700	£ 31.1300	£ 31.5018	Chi-X (CXE)	GBP
16/07/2026	1,277,000	£ 31.6600	£ 31.1150	£ 31.4845	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

• 20260716_Shell RNS - full version

FAQ

How many Shell (SHEL) shares were repurchased on 16 July 2026?

Shell repurchased 1,567,000 shares on the LSE, 303,000 on Chi-X and 1,277,000 on BATS on 16 July 2026. According to Shell, all these shares are being bought for cancellation under its existing share buy-back programme.

What prices did Shell (SHEL) pay for its share buyback on 16 July 2026?

Shell paid volume-weighted average prices of £31.5033 on the LSE, £31.5018 on Chi-X and £31.4845 on BATS. According to Shell, each venue’s trades also had disclosed highest and lowest prices within similar £31.11–£31.67 ranges.

Which trading venues were used for the Shell (SHEL) share buyback on 16 July 2026?

Shell used the London Stock Exchange, Chi-X (CXE) and BATS (BXE) to execute its 16 July 2026 share repurchases. According to Shell, Goldman Sachs International carried out these trades independently as part of the ongoing buy-back programme.

Is the 16 July 2026 Shell (SHEL) share repurchase part of a wider buyback programme?

Yes, the 16 July 2026 purchases form part of Shell’s share buy-back programme announced on 7 May 2026. According to Shell, Goldman Sachs International will make trading decisions from 7 May 2026 up to and including 24 July 2026.

Who manages trading decisions for the Shell (SHEL) buyback programme in July 2026?

Goldman Sachs International manages trading decisions independently for Shell’s buy-back programme during the specified period. According to Shell, this independence applies from 7 May 2026 up to and including 24 July 2026, within pre-set parameters and the company’s general repurchase authority.

Under which regulations is Shell’s (SHEL) 2026 share buyback being conducted?

Shell’s buy-back is conducted under Chapter 9 of the UK Listing Rules, EU MAR, UK MAR and related delegated regulations. According to Shell, all share purchases are carried out within these regulatory frameworks and the company’s general authority to repurchase shares.