Transaction in Own Shares

Rhea-AI Summary

Shell (NYSE:SHEL) purchased and cancelled 1,351,003 shares on 29 January 2026 across LSE and XAMS as part of its ongoing buy-back programme announced 30 October 2025. VWAPs reported: GBP 27.9112 (LSE) and EUR 32.3250 (XAMS).

The trades were executed under the on- and off-market limbs of the programme; Merrill Lynch International made trading decisions independently for the programme period ending 30 January 2026. Transactions comply with UK MAR and EU MAR onshoring rules.

Positive

• Total shares repurchased: 1,351,003 on 29 January 2026
• Reported VWAPs: GBP 27.9112 (LSE) and EUR 32.3250 (XAMS)
• Repurchases executed under existing buy-back programme announced 30 October 2025

Negative

• Purchases concentrated on LSE and XAMS only; other trading venues showed no fills

News Market Reaction

+2.22%

1 alert

+2.22% News Effect

On the day this news was published, SHEL gained 2.22%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

LSE shares repurchased: 682,064 shares LSE VWAP: 27.9112 GBP LSE price range: 27.4950–28.1750 GBP +5 more

8 metrics

LSE shares repurchased 682,064 shares 29/01/2026 buy-back, LSE venue

LSE VWAP 27.9112 GBP 29/01/2026 buy-back, LSE venue

LSE price range 27.4950–28.1750 GBP 29/01/2026 buy-back, LSE venue

XAMS shares repurchased 668,939 shares 29/01/2026 buy-back, XAMS venue

XAMS VWAP 32.3250 EUR 29/01/2026 buy-back, XAMS venue

XAMS price range 31.8500–32.6850 EUR 29/01/2026 buy-back, XAMS venue

Current ADR price 75.79 Pre-news price context for SHEL

52-week range 58.545–77.47 52-week low and high before this update

Market Reality Check

Price: $77.03 Vol: Volume 4,038,171 is at 0....

normal vol

$77.03 Last Close

Volume Volume 4,038,171 is at 0.73x the 20-day average of 5,516,812. normal

Technical Price at 75.79, trading above 200-day MA of 71.37 and within the 52-week range 58.545–77.47.

Peers on Argus

SHEL showed a modest move of 0.45% while momentum names EQNR and CVE were up abo...

2 Up

SHEL showed a modest move of 0.45% while momentum names EQNR and CVE were up about 4% without news. Core integrated peers (CVX, XOM, TTE, BP) showed small mixed moves between about -0.58% and 0.72%, suggesting today’s buyback disclosure looks more company-specific than part of a broad sector rotation.

Historical Context

5 past events · Latest: Jan 26 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 26	Daily buy-back update	Neutral	-0.7%	Disclosure of 1,313,901 shares repurchased for cancellation across LSE and XAMS.
Jan 23	Daily buy-back update	Neutral	+1.8%	Routine report of LSE and XAMS buy-back volumes under ongoing programme.
Jan 22	Daily buy-back update	Neutral	-1.9%	Announcement of 1,547,847 shares repurchased for cancellation on LSE and XAMS.
Jan 21	Daily buy-back update	Neutral	+1.0%	Report of 1,320,967 shares bought back under existing programme parameters.
Jan 20	Daily buy-back update	Neutral	-1.5%	Routine disclosure of LSE and XAMS repurchases for cancellation on 20 January.

Pattern Detected

Recent buy-back disclosures have been frequent and routine, with 24-hour price reactions varying between -1.88% and +1.84%. This suggests daily transaction updates have produced mixed, generally modest moves rather than a consistent directional pattern.

Recent Company History

Over the last several sessions, Shell has repeatedly reported daily share repurchases for cancellation under its buy-back programme, with updates on Jan 20, 21, 22, 23, and 26, 2026. Each notice detailed LSE and XAMS volumes and VWAPs, executed by Merrill Lynch International under pre‑set parameters and in compliance with UK MAR/EU MAR. Price reactions over 24 hours ranged from -1.88% to +1.84%, underscoring that these RNS updates function mainly as routine transparency on an ongoing capital return initiative.

Market Pulse Summary

This announcement details another day of on‑ and off‑market share repurchases for cancellation under...

Analysis

This announcement details another day of on‑ and off‑market share repurchases for cancellation under Shell’s existing buy‑back programme, including venue‑level volumes and prices. Recent history since Jan 20, 2026 shows similar daily disclosures with modest, mixed price reactions between -1.88% and +1.84%. Investors may focus on the programme’s consistency and regulatory compliance, while monitoring future updates and broader fundamental news for clearer directional signals.

Key Terms

eu mar, uk mar, financial services act, 2021, uk listing rules, +1 more

5 terms

eu mar regulatory

"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"

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.

financial services act, 2021 regulatory

"replaced by the Financial Services Act, 2021 and relevant statutory instruments"

A UK law that updates the rulebook for how financial firms operate, giving regulators clearer powers to oversee markets, protect consumers, and respond to risks. For investors, it matters because it can change how products are sold, how firms are supervised, and how quickly problems are fixed—much like a revised rulebook that aims to make a game fairer and safer for everyone, which affects confidence and the value of investments.

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.

buy-back programme regulatory

"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.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

29 January, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 29 January, 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
29/01/2026	682,064	28.1750	27.4950	27.9112	LSE	GBP
29/01/2026	-	-	-	-	Chi-X (CXE)	GBP
29/01/2026	-	-	-	-	BATS (BXE)	GBP
29/01/2026	668,939	32.6850	31.8500	32.3250	XAMS	EUR
29/01/2026	-	-	-	-	CBOE DXE	EUR
29/01/2026	-	-	-	-	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 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch 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

• 2026.01.29 Shell RNS (with fills)

FAQ

How many shares did Shell (SHEL) repurchase on 29 January 2026?

Shell repurchased and cancelled 1,351,003 shares on 29 January 2026. According to the company, purchases were executed across LSE and XAMS as part of its ongoing buy-back programme announced 30 October 2025.

What were the volume-weighted average prices Shell (SHEL) paid on 29 January 2026?

The reported VWAPs were GBP 27.9112 on LSE and EUR 32.3250 on XAMS. According to the company, these figures reflect the aggregated per-venue weighted average prices for purchases made that day.

Is Shell's (SHEL) 29 January 2026 buyback part of a larger programme?

Yes. The purchases form part of the on- and off-market limbs of Shell’s buy-back programme announced 30 October 2025. According to the company, the programme is conducted under pre-set parameters and relevant market rules.

Who executed the trades for Shell's (SHEL) buyback through January 2026?

Merrill Lynch International made trading decisions independently for the programme through 30 January 2026. According to the company, Merrill Lynch executed the on- and off-market trades within preset parameters.

Which trading venues reported fills for Shell (SHEL) on 29 January 2026?

Reported fills were on LSE and XAMS on 29 January 2026; other listed venues showed no reported trades. According to the company, aggregated per-venue trade breakdown is disclosed for regulatory compliance.