Transaction in Own Shares

Rhea-AI Summary

Shell (LSE:SHEL) reported that on 22 July 2026 it purchased 75,000 shares on the London Stock Exchange for cancellation under its share buy-back programme announced on 7 May 2026. The volume-weighted average price was £33.0385 per share, with prices ranging from £32.8700 to £33.2100.

According to Shell, Goldman Sachs International is executing the buy-back independently between 7 May and 24 July 2026, within pre-set parameters and the company’s share repurchase authority, in compliance with UK Listing Rules Chapter 9, EU MAR, UK MAR and related delegated regulations.

News Explained

Shell has completed the purchase of 75,000 shares for cancellation; the disclosed lifecycle is therefore a purchase rather than merely an authorized buyback, while cancellation itself is not reported as completed.

Market Context

Recent Shell buy-back notices produced mixed outcomes, including 2.63% and -1.31% 24-hour reactions....

Analysis

Recent Shell buy-back notices produced mixed outcomes, including 2.63% and -1.31% 24-hour reactions. That history frames this disclosure as recurring programme activity; low 1.06% short positioning is an additional risk-context indicator.

Key Figures

Shares purchased: 75,000 shares Highest price paid: £33.2100 Lowest price paid: £32.8700 +4 more

7 metrics

Shares purchased 75,000 shares July 22, 2026; LSE; for cancellation

Highest price paid £33.2100 July 22, 2026; LSE purchase

Lowest price paid £32.8700 July 22, 2026; LSE purchase

Volume-weighted average price £33.0385 per share July 22, 2026; LSE purchase

Purchase date 22 July 2026 Share repurchase disclosure

Programme announcement date 7 May 2026 Previously announced share buy-back programme

Programme end date 24 July 2026 Goldman Sachs International trading period

Historical Context

5 past events · Latest: Jul 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 21	Share buy-back	Positive	+1.2%	Shell repurchased shares for cancellation under its existing buy-back programme.
Jul 20	Share buy-back	Positive	-1.3%	Shell repurchased 1,885,085 shares across three venues for cancellation.
Jul 17	Share buy-back	Positive	+2.6%	Shell repurchased shares across LSE, Chi-X, and BATS under its programme.
Jul 16	Share buy-back	Positive	+0.5%	Shell repurchased 3,075,000 shares for cancellation under its programme.
Jul 09	Exchange offers	Neutral	-1.0%	Shell completed exchange offers involving $6,298,101,000 principal of notes.

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

Pattern Detected

Three of the four recent share buy-back notices were followed by positive 24-hour price reactions, while one was followed by a decline.

Key Terms

buy-back programme, uk listing rules, market abuse regulation, eu mar delegated regulation

4 terms

buy-back programme financial

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

A buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.

uk listing rules regulatory

"conducted in accordance with Chapter 9 of the UK Listing Rules"

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.

market abuse regulation regulatory

"Article 5 of the Market Abuse Regulation 596/2014/EU"

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

eu mar delegated regulation regulatory

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

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

22 July, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 22 July, 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
22/07/2026	75,000	£ 33.2100	£ 32.8700	£ 33.0385	LSE	GBP
22/07/2026	-	-	-	-	Chi-X (CXE)	GBP
22/07/2026	-	-	-	-	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

• 20260722_Shell RNS - full version

FAQ

What share repurchase did Shell (SHEL) complete on 22 July 2026?

Shell repurchased 75,000 shares for cancellation on 22 July 2026. According to Shell, the shares were bought on the London Stock Exchange as part of its buy-back programme announced on 7 May 2026, reducing the number of shares in issue.

At what prices did Shell (SHEL) buy back shares on 22 July 2026?

Shell paid a highest price of £33.2100 and a lowest price of £32.8700 per share. According to Shell, the volume-weighted average price for the 75,000 repurchased shares on 22 July 2026 was £33.0385 on the London Stock Exchange.

On which trading venues did Shell (SHEL) execute its 22 July 2026 buy-back trades?

Shell’s 22 July 2026 buy-back activity was recorded on the London Stock Exchange, Chi-X (CXE) and BATS (BXE). According to Shell, 75,000 shares were actually purchased and cancelled on the LSE, with no quantities reported for Chi-X or BATS that day.

Is Shell’s July 2026 share buy-back programme executed independently of the company?

Yes. According to Shell, Goldman Sachs International makes trading decisions independently for the buy-back from 7 May 2026 to 24 July 2026. Trades occur within pre-set parameters and under Shell’s general authority to repurchase shares for cancellation.

Which regulations govern Shell’s (SHEL) 2026 share buy-back programme?

Shell states its 2026 buy-back is conducted under UK Listing Rules Chapter 9, EU MAR, UK MAR and the related EU MAR Delegated Regulation. According to Shell, these frameworks govern how buy-back programmes are executed, disclosed and monitored in UK and EU markets.

What is the purpose of Shell (SHEL) cancelling the repurchased shares on 22 July 2026?

The repurchased 75,000 shares are designated for cancellation, permanently removing them from circulation. According to Shell, these cancellations are part of its broader share buy-back programme, which uses its general authority to repurchase and cancel shares under defined regulatory conditions.