Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) announced on 12 February 2026 that it purchased 1,396,574 shares for cancellation across multiple trading venues and currencies as part of its ongoing buy‑back programme announced on 05 February 2026.

Purchases were executed on LSE, Chi‑X, BATS, XAMS, CBOE DXE and TQEX with VWAPs reported in GBP and EUR; Morgan Stanley will make independent trading decisions under the programme through 01 May 2026.

Positive

• 1,396,574 shares purchased for cancellation on 12 February 2026
• Buy‑back programme active under pre-set parameters through 01 May 2026

Negative

• None.

News Market Reaction

-2.51%

1 alert

-2.51% News Effect

-$5.86B Valuation Impact

$227.72B Market Cap

1K Volume

On the day this news was published, SHEL declined 2.51%, reflecting a moderate negative market reaction. This price movement removed approximately $5.86B from the company's valuation, bringing the market cap to $227.72B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares purchased LSE: 370,858 shares VWAP LSE: £29.0436 per share Shares purchased Chi-X: 258,224 shares +5 more

8 metrics

Shares purchased LSE 370,858 shares On-market cancellation, 12/02/2026, LSE

VWAP LSE £29.0436 per share Volume weighted average price, 12/02/2026

Shares purchased Chi-X 258,224 shares On-market cancellation, 12/02/2026, Chi-X (CXE)

VWAP Chi-X £29.0482 per share Volume weighted average price, 12/02/2026

Shares purchased XAMS 358,164 shares On-market cancellation, 12/02/2026, XAMS

VWAP XAMS €33.4505 per share Volume weighted average price, 12/02/2026

Programme start 05 February 2026 Buy-back period start for current programme

Programme end 01 May 2026 Buy-back period end for current programme

Market Reality Check

Price: $78.77 Vol: Volume 6,750,483 is 3% ab...

normal vol

$78.77 Last Close

Volume Volume 6,750,483 is 3% above the 20-day average of 6,530,847. normal

Technical Price 80.23 is trading above the 200-day MA 72.02 and 0.03% below the 52-week high.

Peers on Argus

While SHEL gained 2.99%, large peers like CVX, XOM, BP and TTE were also positiv...

While SHEL gained 2.99%, large peers like CVX, XOM, BP and TTE were also positive (1.02–2.63%), but the momentum scanner did not flag a coordinated sector move, suggesting a more stock-specific context.

Historical Context

5 past events · Latest: Feb 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 10	Share buy-back	Positive	+0.1%	Disclosure of 1,127,688 shares repurchased and cancelled under ongoing buy-back.
Feb 10	Executive awards	Neutral	+0.1%	Conditional performance share awards to CEO, CFO and other executives.
Feb 09	Share buy-back	Positive	+3.3%	Repurchase of 1,382,252 ordinary shares for cancellation across six venues.
Feb 06	Share buy-back	Positive	+0.9%	Purchase and cancellation of 1,637,748 shares as part of buy-back programme.
Feb 06	Audit tender result	Neutral	+0.9%	Board approval of PwC as future external auditor from FY ending 31 Dec 2027.

Pattern Detected

Recent buy-back and governance headlines have generally seen small, positive price reactions, with all tracked events aligning directionally with their news tone.

Recent Company History

Over the last week, Shell has repeatedly disclosed on- and off‑market share repurchases, cancelling between 1.1M and 1.6M shares per day across UK and European venues. These buy-backs, running under a programme announced on 05 Feb 2026 and through 01 May 2026, consistently produced modestly positive price moves (up to 3.33%). Alongside this, Shell announced an audit tender outcome, appointing PwC from the year ending 31 Dec 2027. Today’s further buy-back disclosure continues this capital return and governance-focused news flow.

Market Pulse Summary

This announcement details another day of on- and off-market repurchases under Shell’s ongoing buy-ba...

Analysis

This announcement details another day of on- and off-market repurchases under Shell’s ongoing buy-back, with hundreds of thousands of shares cancelled across UK and European venues at VWAPs around £29 and €33. It continues a sequence of similar disclosures since early February 2026, reinforcing the current capital return framework. Investors tracking this programme may focus on the cumulative shares cancelled, execution through 01 May 2026, and how these actions interact with broader earnings and cash flow updates.

Key Terms

share buy-back programme, on-market limb, uk listing rules, eu mar, +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.

on-market limb financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme"

An on-market limb is the part of a takeover or share-purchase arrangement where shares are bought directly through the stock exchange at current market prices, rather than through private, negotiated off-exchange deals. For investors it matters because on-market purchases happen publicly and at prevailing prices, which can affect the stock’s trading price, liquidity and how quickly ownership changes hands — like buying items from a store shelf versus arranging a private sale.

uk listing rules regulatory

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

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 as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments ... (“UK MAR”)"

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. Not financial advice.

Transaction in Own Shares   

12 February 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 12 February 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
12/02/2026	370,858	29.4000	28.8000	29.0436	LSE	GBP
12/02/2026	258,224	29.4000	28.8000	29.0482	Chi-X (CXE)	GBP
12/02/2026	62,003	29.3950	28.8000	29.0565	BATS (BXE)	GBP
12/02/2026	358,164	33.8000	33.1600	33.4505	XAMS	EUR
12/02/2026	297,231	33.8000	33.1600	33.4213	CBOE DXE	EUR
12/02/2026	50,094	33.7900	33.1650	33.4283	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_2026-02-12

FAQ

What did Shell (SHEL) announce on 12 February 2026 about share transactions?

Shell announced it purchased shares for cancellation as part of its buy‑back programme. According to the company, purchases on 12 February 2026 totalled 1,396,574 shares executed across multiple trading venues and currencies.

How many shares did Shell (SHEL) buy and cancel on 12 February 2026?

Shell bought and cancelled a total of 1,396,574 shares on that date. According to the company, those purchases are part of the on‑ and off‑market limbs of the buy‑back programme announced 05 February 2026.

What prices did Shell (SHEL) pay per share during the 12 February 2026 purchases?

Prices varied by venue with reported VWAPs in both GBP and EUR. According to the company, VWAPs ranged around 29.0436–29.0565 GBP and 33.4213–33.4505 EUR across venues.

Is Shell's 12 February 2026 buyback part of a larger programme and what is the timeframe?

Yes. The purchases form part of Shell's existing buy‑back programme announced 05 February 2026. According to the company, Morgan Stanley will trade independently under the programme through 01 May 2026.

Who executed the trades for Shell's (SHEL) buy‑back on 12 February 2026 and how were they managed?

Morgan Stanley & Co. International Plc executed the trades independently for the company. According to the company, on‑market and off‑market limbs follow pre‑set parameters and applicable UK/EU MAR rules.