Transaction in Own Shares

Rhea-AI Summary

Shell (NYSE:SHEL) reported share repurchases on 27 May 2026 as part of its ongoing buy-back programme.

The company bought a total of 1,979,245 shares for cancellation across LSE, Chi-X (CXE) and BATS (BXE) at volume-weighted average prices around £31.12 per share.

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

Positive

• Repurchase of 1,979,245 shares for cancellation on 27 May 2026
• Buy-back executed across LSE, Chi-X (CXE) and BATS (BXE) in GBP
• Programme executed independently by Goldman Sachs International within preset parameters
• Buy-back conducted under EU MAR and UK MAR regulatory frameworks

Negative

• None.

News Market Reaction – SHEL

+0.02%

+0.02% News Effect

On the day this news was published, SHEL gained 0.02%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement updates the market on Shell’s ongoing share buy-back, detailing purchases on 27 Ma...

Analysis

This announcement updates the market on Shell’s ongoing share buy-back, detailing purchases on 27 May 2026 across LSE, Chi-X and BATS for cancellation. It continues the capital return pattern seen in multiple recent "Transaction in Own Shares" notices and follows earlier director share dealings and performance awards. Investors may track cumulative repurchase volumes, execution under EU/UK MAR rules, and how activity evolves as the current programme window runs through 24 July 2026.

Key Figures

Shares repurchased LSE: 1,412,896 shares Shares repurchased Chi-X: 351,000 shares Shares repurchased BATS: 215,349 shares +5 more

8 metrics

Shares repurchased LSE 1,412,896 shares Repurchased for cancellation on 27/05/2026 on LSE

Shares repurchased Chi-X 351,000 shares Repurchased for cancellation on 27/05/2026 on Chi-X (CXE)

Shares repurchased BATS 215,349 shares Repurchased for cancellation on 27/05/2026 on BATS (BXE)

VWAP LSE £31.1254 per share Volume weighted average price on LSE 27/05/2026

VWAP Chi-X £31.1252 per share Volume weighted average price on Chi-X (CXE) 27/05/2026

VWAP BATS £31.1233 per share Volume weighted average price on BATS (BXE) 27/05/2026

Programme start date 7 May 2026 Start of current share buy-back programme

Programme end date 24 July 2026 Scheduled end of current buy-back window

Historical Context

5 past events · Latest: May 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Share buy-back disclosure	Neutral	-1.4%	Reported prior-day buy-backs for cancellation under ongoing programme.
May 26	Share buy-back disclosure	Neutral	-0.8%	Announced 1,978,677 shares repurchased for cancellation on 22 May 2026.
May 22	Director share sale	Negative	-1.4%	CEO Wael Sawan sold 40,000 shares in Amsterdam on May 22, 2026.
May 22	Share buy-back disclosure	Neutral	-1.4%	Detailed 1,934,659 shares bought for cancellation on 21 May 2026.
May 21	Performance share awards	Neutral	+0.2%	Reported conditional performance share awards to CEO and CFO under 2023 plan.

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

Pattern Detected

Recent buy-back disclosures and director dealings have often been followed by modest negative price reactions, suggesting limited short-term support from these announcements.

Recent Company History

Over the past weeks, Shell has repeatedly reported on-share buy-back activity and management share dealings. Several "Transaction in Own Shares" notices since May 21–27, 2026 detailed repurchases for cancellation under the current programme, all executed by Goldman Sachs International within EU/UK MAR rules. Director/PDMR filings on May 21–22, 2026 covered CEO disposals and performance share awards. These events, including today’s repurchase disclosure, fit into an ongoing capital returns and equity compensation framework rather than marking a new strategic shift.

Key Terms

share buy-back programme, eu mar, uk mar, eu mar delegated regulation

4 terms

share buy-back programme financial

"These share purchases form part of the Company's share buy-back programme previously announced..."

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.

eu mar regulatory

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

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

"EU MAR as "onshored" into UK law ... from time to time ("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.

eu mar delegated regulation regulatory

"the Commission Delegated Regulation (EU) 2016/1052 (the "EU MAR Delegated Regulation")"

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.

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

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Transaction in Own Shares

27 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 27 May, 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
27/05/2026	1,412,896	£ 31.3750	£ 30.9050	£ 31.1254	LSE	GBP
27/05/2026	351,000	£ 31.3700	£ 30.9200	£ 31.1252	Chi-X (CXE)	GBP
27/05/2026	215,349	£ 31.3650	£ 30.9100	£ 31.1233	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

• 20260527_Shell RNS - full version

FAQ

How many SHEL shares did Shell repurchase on 27 May 2026?

Shell repurchased a total of 1,979,245 shares for cancellation on 27 May 2026. According to Shell, purchases were split between the LSE, Chi-X (CXE) and BATS (BXE) as part of its ongoing share buy-back programme.

What prices did Shell (SHEL) pay in its 27 May 2026 share buyback?

Shell paid volume-weighted average prices of about £31.12 per share on 27 May 2026. According to Shell, the highest prices per venue ranged from £31.3650 to £31.3750 and the lowest from £30.9050 to £30.9200.

Which trading venues were used for Shell’s SHEL share repurchases on 27 May 2026?

Shell used the LSE, Chi-X (CXE) and BATS (BXE) for its 27 May 2026 buyback. According to Shell, all transactions were executed in GBP as part of the company’s previously announced share buy-back programme.

Is Shell’s May–July 2026 SHEL share buyback executed independently of the company?

Yes, Goldman Sachs International makes trading decisions independently for Shell’s buyback from 7 May to 24 July 2026. According to Shell, trades follow preset parameters under its general authority to repurchase shares and applicable regulations.

Under which regulations is Shell’s 2026 SHEL share buyback programme conducted?

Shell’s buyback is conducted under Chapter 9 of the UK Listing Rules, EU MAR and UK MAR. According to Shell, the programme also follows the EU MAR Delegated Regulation, including its onshored UK versions and related UK statutory instruments.

What does Shell’s 27 May 2026 share repurchase mean for SHEL shareholders?

The 27 May 2026 repurchases reduce Shell’s share count through cancellation of 1,979,245 shares. According to Shell, these transactions form part of a wider buy-back programme that may enhance per-share metrics, depending on future earnings and capital allocation decisions.