Transaction in Own Shares

Shell (SHEL) announced on 06 January 2026 that it purchased a total of 1,472,298 shares for cancellation as part of its ongoing buy-back programme announced 30 October 2025.

Rhea-AI Summary

Shell (SHEL) announced on 06 January 2026 that it purchased a total of 1,472,298 shares for cancellation as part of its ongoing buy-back programme announced 30 October 2025.

Purchases by venue on 06/01/2026: 735,166 shares on LSE at a VWAP of £27.6788 (high £27.85, low £27.50) and 737,132 shares on XAMS at a VWAP of €32.0363 (high €32.26, low €31.815). Merrill Lynch International is executing the programme independently through to 30 January 2026.

The programme is being carried out under the company’s on- and off-market authorities and in compliance with UK MAR and the EU MAR Delegated Regulation.

Positive

• 1,472,298 shares repurchased for cancellation on 06/01/2026
• VWAP LSE £27.6788 and VWAP XAMS €32.0363 recorded
• Programme execution managed independently by Merrill Lynch International until 30/01/2026

Negative

• No executed volume reported on Chi-X, BATS, CBOE DXE, TQEX in the 06/01/2026 breakdown

Argus Jan 6 session

-2.84% close to close Open Argus

Details

News Market Reaction – SHEL

On Jan 6, the day this news came out, SHEL closed 2.84% below the previous close.

Data tracked by StockTitan Argus for the Jan 6 session.

Key Figures

Shares repurchased LSE: 735,166 shares VWAP LSE: £27.6788 Price range LSE: £27.8500–£27.5000 +5 more

Shares repurchased LSE

735,166 shares

On-market purchases on LSE 06/01/2026 for cancellation

VWAP LSE

£27.6788

Volume weighted average price per share on LSE 06/01/2026

Price range LSE

£27.8500–£27.5000

Highest and lowest prices paid on LSE 06/01/2026

Shares repurchased XAMS

737,132 shares

On-market purchases on XAMS 06/01/2026 for cancellation

VWAP XAMS

€32.0363

Volume weighted average price per share on XAMS 06/01/2026

Price range XAMS

€32.2600–€31.8150

Highest and lowest prices paid on XAMS 06/01/2026

Programme start date

30 October 2025

Buy-back programme period start for Merrill Lynch International mandate

Programme end date

30 January 2026

End of current independent trading mandate for buy-back programme

Historical Context

5 past events · Latest: Jan 02

5 events

1. Jan 02

   Share buy-back

   24h Move

   +2.7%

   Buy-back cancellation of 1,479,234 shares across LSE and XAMS venues.

2. Dec 31

   Capital structure update

   24h Move

   -0.5%

   Update on total voting rights and 5,718,636,398 ordinary shares outstanding.

3. Dec 31

   Share buy-back

   24h Move

   -0.5%

   Buy-back of LSE and XAMS shares under October 2025 programme.

4. Dec 30

   Share buy-back

   24h Move

   +1.0%

   Cancellation of 1,863,897 shares purchased on LSE and XAMS.

5. Dec 29

   Share buy-back

   24h Move

   +0.4%

   LSE and XAMS buy-backs executed independently under ongoing programme.

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

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

"The on-market limb will be effected within certain pre-set parameters..."

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... from time to time (“UK MAR”) and the Commission Delegated Regulation..."

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. How Rhea-AI works. Not financial advice.

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Transaction in Own Shares   

06 January, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 06 January, 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
06/01/2026	735,166	27.8500	27.5000	27.6788	LSE	GBP
06/01/2026	-	-	-	-	Chi-X (CXE)	GBP
06/01/2026	-	-	-	-	BATS (BXE)	GBP
06/01/2026	737,132	32.2600	31.8150	32.0363	XAMS	EUR
06/01/2026	-	-	-	-	CBOE DXE	EUR
06/01/2026	-	-	-	-	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 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch 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

• 2026.01.06 Shell RNS (with fills)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Shell (SHEL) repurchase on 06 January 2026?

Shell repurchased a total of 1,472,298 shares on 06 January 2026 for cancellation.

What prices did Shell (SHEL) pay for buybacks on 06 January 2026?

On 06/01/2026 Shell paid a VWAP of £27.6788 on the LSE (high £27.85, low £27.50) and a VWAP of €32.0363 on XAMS (high €32.26, low €31.815).

Who is executing Shell's (SHEL) buy-back programme and until when?

Merrill Lynch International is making trading decisions independently for the programme through 30 January 2026.

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

The buy-back includes both on-market and off-market limbs under the company's general authorities and an approved off-market contract.

Which trading venues showed executed buybacks for Shell (SHEL) on 06/01/2026?

Executed volumes were reported on LSE and XAMS; Chi-X, BATS, CBOE DXE and TQEX showed no executed volume in the breakdown.