Transaction in Own Shares
Shell continues its previously announced share buy-back programme with further on- and off-market repurchases executed independently by Goldman Sachs International.
Rhea-AI Summary
Shell (SHEL) repurchased shares for cancellation on 17 September 2026 under its existing share buy-back programme.
The company bought 1,175,000 shares on the LSE in GBP at prices between £35.4750 and £35.9250, with a volume‑weighted average price of £35.6929. It also bought 600,000 shares on XAMS in EUR at prices between €41.3850 and €42.0450, with a volume‑weighted average price of €41.6270. These on- and off‑market purchases form part of the buy-back programme announced on 30 July 2026 and are being executed by Goldman Sachs International, which makes trading decisions independently of Shell within pre-set parameters and applicable UK and EU market abuse regulations.
Positive
- 1,775,000 shares repurchased for cancellation on 17 September 2026 across LSE and XAMS
- LSE repurchases of 1,175,000 shares at £35.6929 volume-weighted average price
- XAMS repurchases of 600,000 shares at €41.6270 volume-weighted average price
- Buy-back execution continues under existing programme running until 23 October 2026
Negative
- None.
News Explained
Shell says Goldman Sachs International will make independent trading decisions under the existing buy-back programme through
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
September 17, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 17 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 |
| 17/09/2026 | 1,175,000 | LSE | GBP | |||
| 17/09/2026 | - | - | - | - | Chi-X (CXE) | GBP |
| 17/09/2026 | - | - | - | - | BATS (BXE) | GBP |
| 17/09/2026 | 600,000 | XAMS | EUR | |||
| 17/09/2026 | - | - | - | - | CBOE DXE | EUR |
| 17/09/2026 | - | - | - | - | 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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who executes the trades and how independent is the trading from Shell?
The trades are executed by Goldman Sachs International, which will make trading decisions in relation to the securities independently of Shell, within pre-set parameters for the programme.
Under which regulatory frameworks is the buy-back programme being conducted?
The programme is conducted in accordance with Chapter 9 of the UK Listing Rules, EU MAR, UK MAR, and the EU MAR Delegated Regulation, including their onshored and amended forms in UK law.
How are on-market and off-market buy-backs structured for this programme?
The on-market limb is carried out within pre-set parameters and under Shell's general authority to repurchase shares on-market. The off-market limb is effected under Shell's general authority to repurchase shares off-market, pursuant to an off-market buy-back contract approved by shareholders and the pre-set parameters in that contract.