Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) purchased 1,408,259 ordinary shares for cancellation on 30 April 2026 as part of its buy-back programme announced 05 February 2026. Purchases were across multiple venues (LSE, CXE, BXE, XAMS, DXE, TQEX) with VWAPs of GBP 33.05–33.08 and EUR 38.19–38.19.

The buy-back is being executed on- and off-market under preset parameters by Morgan Stanley & Co. International Plc through 01 May 2026 and complies with UK MAR and EU MAR rules.

Positive

• Total shares repurchased: 1,408,259 on 30 April 2026
• Buy-back executed across six trading venues supporting liquidity
• Programme operated by an independent broker through 01 May 2026

Negative

• Share cancellation reduces free float and may modestly increase dilution-adjusted metrics for some investors
• Repurchases used cash that could have funded other corporate purposes

Key Figures

Shares repurchased LSE: 458,061 shares VWAP LSE: 33.0752 GBP Shares repurchased Chi-X: 157,952 shares +5 more

8 metrics

Shares repurchased LSE 458,061 shares On-market limb, 30/04/2026, LSE

VWAP LSE 33.0752 GBP Volume weighted average price, 30/04/2026, LSE

Shares repurchased Chi-X 157,952 shares On-market limb, 30/04/2026, Chi-X (CXE)

VWAP Chi-X 33.0579 GBP Volume weighted average price, 30/04/2026, Chi-X (CXE)

Shares repurchased XAMS 381,742 shares On-market limb, 30/04/2026, XAMS

VWAP XAMS 38.1870 EUR Volume weighted average price, 30/04/2026, XAMS

Shares repurchased CBOE DXE 277,655 shares On-market limb, 30/04/2026, CBOE DXE

VWAP CBOE DXE 38.1939 EUR Volume weighted average price, 30/04/2026, CBOE DXE

Market Reality Check

Price: $88.91 Vol: Volume 13,273,130 is 1.59...

high vol

$88.91 Last Close

Volume Volume 13,273,130 is 1.59x the 20-day average of 8,359,427 shares. high

Technical Trading above the 200-day MA at 77.09, with price at 88.91 before this news.

Peers on Argus

SHEL gained 1.51% with elevated volume, while key peers like CVX, XOM, TTE, BP a...

SHEL gained 1.51% with elevated volume, while key peers like CVX, XOM, TTE, BP and PBR also showed positive price changes, but no peers were flagged by the momentum scanner as part of a coordinated sector move.

Historical Context

5 past events · Latest: Apr 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 29	Share buyback update	Positive	+1.5%	Disclosure of 1,404,019 shares repurchased and cancelled under buy-back.
Apr 28	Share buyback update	Positive	+0.8%	Update on 1,382,321 shares repurchased across multiple European venues.
Apr 27	Acquisition announcement	Positive	-2.5%	Agreement to acquire ARC Resources, adding production and reserves.
Apr 24	Share buyback update	Positive	-0.2%	Disclosure of 1,449,248 shares repurchased for cancellation.
Apr 23	Share buyback update	Positive	-0.3%	Update on 1,316,305 shares repurchased under ongoing programme.

Pattern Detected

Recent buyback announcements and the ARC Resources acquisition often saw mixed price reactions, with both aligned and divergent moves.

Recent Company History

Over late April 2026, Shell reported multiple daily “Transaction in Own Shares” disclosures tied to its buy-back programme, with share cancellations across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. These events on April 23, 24, 28 and 29 showed modest positive and negative next‑day moves. On April 27, Shell announced an agreement to acquire ARC Resources, adding significant production and reserves, but the stock fell 2.49%. Today’s buy-back update fits this ongoing capital return and portfolio development narrative.

Market Pulse Summary

This announcement details further execution of Shell’s on- and off-market share buy-back programme, ...

Analysis

This announcement details further execution of Shell’s on- and off-market share buy-back programme, with purchases across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX on 30 April 2026. It follows a series of daily repurchase updates in late April, as well as a sizable acquisition announcement on 27 April. The disclosure confirms compliance with UK and EU market abuse and listing rules. Investors may monitor ongoing volumes, cancellation levels and future capital allocation updates alongside these routine trading reports.

Key Terms

share buy-back programme, uk listing rules, market abuse (amendment) (eu exit) regulations (si 2019/310), eu mar delegated regulation, +1 more

5 terms

share 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 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.

uk listing rules regulatory

"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation"

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.

market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory

"including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time"

A set of UK rules that update the law on insider trading, market manipulation and related disclosure duties to reflect the country’s departure from the EU. It is essentially an updated rulebook that keeps enforcement powers, reporting requirements and protections for honest investors working smoothly after the legal change; investors care because it clarifies what behaviour is illegal, how markets stay fair, and what companies must disclose.

eu mar delegated regulation regulatory

"the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period"

An EU MAR Delegated Regulation is a detailed rule issued by the European Union to clarify or expand existing laws related to financial markets. It functions like a set of instructions that ensure consistent application of rules across all EU countries, helping investors understand how regulations are applied and maintained. This promotes transparency and stability in financial markets, making it easier for investors to make informed decisions.

off-market buyback contract financial

"pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein"

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.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

30 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 30 April 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
30/04/2026	458,061	33.3100	32.8250	33.0752	LSE	GBP
30/04/2026	157,952	33.3000	32.8250	33.0579	Chi-X (CXE)	GBP
30/04/2026	75,750	33.2550	32.8250	33.0638	BATS (BXE)	GBP
30/04/2026	381,742	38.4450	37.8900	38.1870	XAMS	EUR
30/04/2026	277,655	38.4400	37.9150	38.1939	CBOE DXE	EUR
30/04/2026	57,099	38.4250	37.9150	38.1860	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_2026-04-30

FAQ

How many shares did Shell (SHEL) buy back on 30 April 2026?

Shell repurchased 1,408,259 ordinary shares on 30 April 2026. According to the company, purchases were split across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX and were made for cancellation under the existing buy-back programme.

What prices did Shell (SHEL) pay per share in the 30 April 2026 buy-back?

Shell paid VWAPs around GBP 33.06–33.08 and EUR 38.19 on 30 April 2026. According to the company, highest and lowest trade prices per venue are disclosed in the transaction breakdown.

Is Shell's (SHEL) 30 April 2026 buy-back on-market or off-market?

The buy-back used both on-market and off-market limbs on 30 April 2026. According to the company, on-market trades followed preset parameters and off-market trades used the shareholder-approved contract.

Who executed Shell's (SHEL) buy-back trades through 01 May 2026?

Morgan Stanley & Co. International Plc made independent trading decisions for the programme through 01 May 2026. According to the company, Morgan Stanley executed trades within predefined parameters on behalf of Shell.

Will Shell (SHEL) cancel the shares bought on 30 April 2026?

Yes, the repurchased 1,408,259 shares were bought for cancellation on 30 April 2026. According to the company, these purchases form part of the previously announced buy-back programme and are being cancelled.