Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) reported share buybacks on 14 May 2026, repurchasing a total of 1,297,296 shares for cancellation across LSE, Chi-X (CXE) and BATS (BXE) at volume‑weighted average prices around £31.44 per share.
The purchases are part of a buyback programme running from 7 May to 24 July 2026, executed by Goldman Sachs International independently within pre-set parameters and in line with UK and EU MAR regulations.
AI-generated analysis. Not financial advice.
Positive
- Repurchased 1,297,296 shares for cancellation on 14 May 2026
- Buybacks executed across LSE, Chi-X (CXE) and BATS (BXE)
- Volume-weighted average prices around £31.44 per share
- Buyback programme scheduled from 7 May to 24 July 2026
- Trading decisions delegated to Goldman Sachs International under preset parameters
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
SHEL was down 0.49% while key peers like XOM (+0.58%), CVX (+0.24%), TTE (+0.35%) and PBR (+0.92%) were positive; BP was slightly negative (-0.10%), suggesting stock-specific factors rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 13 | Share repurchase update | Positive | -0.5% | Disclosure of 12 May 2026 buy-backs across LSE, Chi-X and BATS. |
| May 12 | Share repurchase update | Positive | -0.0% | Announcement of 1,360,000 shares repurchased on 11 May 2026. |
| May 11 | PDMR share transaction | Neutral | +1.7% | PDMR Cederic Cremers disposed of 9,000 shares on 8 May 2026. |
| May 11 | Share repurchase update | Positive | +1.7% | Report of 8 May 2026 buy-backs under the ongoing programme. |
| May 08 | Share repurchase update | Positive | -0.3% | Announcement of 1,230,000 shares bought back on 7 May 2026. |
Recent buy-back disclosures and a PDMR transaction have seen mixed price reactions, with several share repurchase updates followed by modest declines or small moves.
Over the past week, SHEL has repeatedly reported daily buy-back activity, cancelling shares across LSE, Chi-X and BATS at volume-weighted average prices around the low-£30s. The current announcement continues the programme that started on 7 May 2026, again executed independently by Goldman Sachs International under EU and UK MAR. A recent PDMR share disposal on 8 May 2026 also featured in disclosures. Overall, the news flow has focused on capital returns and regulatory transparency rather than new operating developments.
Market Pulse Summary
This announcement details further share repurchases for cancellation under Shell’s ongoing buy-back programme, including specific volumes and prices across LSE, Chi-X and BATS on 14 May 2026. It reinforces that Goldman Sachs International executes trades independently within defined parameters and in full compliance with UK Listing Rules and EU/UK MAR. In context of prior months’ 6-K disclosures on buy-backs, investors may focus on the cumulative reduction in share count, execution pace, and continued adherence to regulatory frameworks.
Key Terms
uk listing rules regulatory
eu mar regulatory
uk mar regulatory
eu mar delegated regulation regulatory
financial services act, 2021 regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
14 May, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 14 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 |
| 14/05/2026 | 864,663 | LSE | GBP | |||
| 14/05/2026 | 300,000 | Chi-X (CXE) | GBP | |||
| 14/05/2026 | 132,633 | 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
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