Transaction in Own Shares

Shell reports daily progress of its previously announced buy-back programme, cancelling over one million shares purchased on 2 September 2026.

Rhea-AI Summary

Shell (SHEL) bought back 1,050,000 of its own shares for cancellation on 2 September 2026 under its existing share buy-back programme.

The company repurchased 750,000 shares on the LSE at a volume‑weighted average price of £34.3977 and 300,000 shares on XAMS at a volume‑weighted average price of €40.1730. Other listed venues in GBP and EUR showed no trades that day. The purchases are part of the on- and off‑market limbs of the programme that started on 30 July 2026, with Goldman Sachs International making trading decisions independently within pre‑set parameters and relevant EU and UK Market Abuse Regulation rules.

Market Context

On 2026-09-02, the platform recorded another Shell buyback notice, providing a directly comparable d...

Analysis

On 2026-09-02, the platform recorded another Shell buyback notice, providing a directly comparable dated reference. The disclosure adds an execution checkpoint; low short positioning remains relevant when assessing volatility risk and follow-through.

Key Figures

LSE shares purchased: 750,000 shares LSE VWAP: £34.3977 per share XAMS shares purchased: 300,000 shares +3 more

6 metrics

LSE shares purchased 750,000 shares 02 September 2026

LSE VWAP £34.3977 per share 02 September 2026

XAMS shares purchased 300,000 shares 02 September 2026

XAMS VWAP €40.1730 per share 02 September 2026

Programme start 30 July 2026 Existing share buyback programme

Programme end 23 October 2026 Goldman Sachs International trading period

Historical Context

5 past events · Latest: Sep 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Sep 02	Share buyback	Positive	-0.8%	Shell repurchased 873,615 shares for cancellation under its existing buyback programme.
Sep 01	Share admission	Positive	+2.3%	Shell applied to admit 228,003,843 new shares related to its ARC Resources acquisition.
Sep 01	Share buyback	Positive	+2.3%	Shell repurchased 1,466,259 shares for cancellation across London and Amsterdam.
Sep 01	Insider share sale	Negative	+2.3%	President Upstream Peter Costello disposed of 35,000 ordinary shares across two venues.
Sep 01	Voting rights update	Neutral	+2.3%	Shell reported 5,532,145,677 ordinary shares 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

Shell's prior buyback notices produced mixed outcomes, with a -0.76% reaction on Sep 2 and a +2.26% reaction on Sep 1.

Key Terms

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

4 terms

share buy-back programme financial

"These share purchases form part of the Company's existing share buy-back programme"

A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

volume weighted average price financial

"Volume weighted average price paid per share"

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.

uk mar regulatory

"and as amended, supplemented, restated, novated, substituted or replaced by"

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.

eu mar regulatory

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

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.

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

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Transaction in Own Shares

September 02, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 02 September 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
02/09/2026	750,000	£ 34.5050	£ 34.2450	£ 34.3977	LSE	GBP
02/09/2026	-	-	-	-	Chi-X (CXE)	GBP
02/09/2026	-	-	-	-	BATS (BXE)	GBP
02/09/2026	300,000	€ 40.3100	€ 39.9800	€ 40.1730	XAMS	EUR
02/09/2026	-	-	-	-	CBOE DXE	EUR
02/09/2026	-	-	-	-	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 July 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 30 July 2026 up to and including 23 October 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 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

• 20260902_Shell RNS - full version

FAQ

How many Shell (SHEL) shares were repurchased on 2 September 2026?

On 2 September 2026, Shell repurchased a total of 1,050,000 shares for cancellation. This consisted of 750,000 shares bought on the LSE in GBP and 300,000 shares bought on XAMS in EUR as part of its ongoing buy-back programme.

At what prices did Shell (SHEL) buy back its shares on 2 September 2026?

Shell paid a volume‑weighted average price of £34.3977 per share for 750,000 shares on the LSE, and €40.1730 per share for 300,000 shares on XAMS. The disclosure also lists highest and lowest prices for each venue on that date.

Which trading venues were involved in the Shell (SHEL) share buyback on 2 September 2026?

Shares were repurchased on the LSE in GBP and XAMS in EUR. The announcement also references Chi‑X (CXE), BATS (BXE), CBOE DXE and TQEX, but no shares were reported as purchased on those venues on 2 September 2026.

Is the 2 September 2026 Shell (SHEL) share repurchase part of a larger buy-back programme?

Yes. The 2 September 2026 transactions form part of Shell’s existing share buy-back programme announced on 30 July 2026. Under this programme, Goldman Sachs International executes trades independently from 30 July 2026 up to and including 23 October 2026, within pre‑set parameters.

Who executes Shell’s (SHEL) buy-back trades and under what regulations?

Goldman Sachs International executes Shell’s buy-back trades independently within pre‑set parameters. The programme is conducted under the company’s shareholder authorities and in line with EU MAR, UK MAR and the related EU MAR Delegated Regulation as onshored into UK law.