Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased and cancelled 1,247,760 shares on 22 April 2026 across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. Volume-weighted average prices were ~£32.97 (GBP venues) and ~€37.98 (EUR venues). Purchases form part of the buy‑back programme announced 05 February 2026.

Morgan Stanley executed trades independently under the programme, which runs through 01 May 2026 and complies with UK MAR and EU MAR rules.

Positive

• Shares cancelled: 1,247,760 shares repurchased and cancelled
• Execution across venues: Purchases made on six trading venues in GBP and EUR

Negative

• None.

News Market Reaction – SHEL

+0.98%

1 alert

+0.98% News Effect

On the day this news was published, SHEL gained 0.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares purchased (LSE): 398,496 shares Shares purchased (Chi-X): 170,959 shares Shares purchased (BATS): 53,655 shares +5 more

8 metrics

Shares purchased (LSE) 398,496 shares For cancellation on 22/04/2026, LSE venue

Shares purchased (Chi-X) 170,959 shares For cancellation on 22/04/2026, Chi-X (CXE)

Shares purchased (BATS) 53,655 shares For cancellation on 22/04/2026, BATS (BXE)

Shares purchased (XAMS) 357,552 shares For cancellation on 22/04/2026, XAMS, EUR trading

Shares purchased (CBOE DXE) 210,698 shares For cancellation on 22/04/2026, CBOE DXE, EUR trading

Shares purchased (TQEX) 56,400 shares For cancellation on 22/04/2026, TQEX, EUR trading

GBP VWAP (LSE) 32.9666 GBP Volume weighted average price on 22/04/2026, LSE

EUR VWAP (XAMS) 37.9746 EUR Volume weighted average price on 22/04/2026, XAMS

Market Reality Check

Price: $89.49 Vol: Volume 5,408,310 vs 20‑da...

normal vol

$89.49 Last Close

Volume Volume 5,408,310 vs 20‑day average 7,569,328 (relative volume 0.71) ahead of this buy-back disclosure. normal

Technical Price 88.66 trades above 200-day MA 76.57, about 6.58% below 52-week high and 38.79% above 52-week low.

Peers on Argus

SHEL gained 0.75% while large integrated peers also rose (CVX 1.1%, XOM 0.67%, T...

SHEL gained 0.75% while large integrated peers also rose (CVX 1.1%, XOM 0.67%, TTE 0.33%, BP 1.22%, PBR 1.78%). The momentum scanner, however, did not flag a coordinated sector move, suggesting this buy-back update is viewed more as company-specific within a generally constructive Energy backdrop.

Historical Context

5 past events · Latest: Apr 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 21	Share buy-back update	Positive	+0.8%	Disclosure of 1,309,220 shares purchased for cancellation under ongoing programme.
Apr 20	Share buy-back update	Positive	+0.2%	Update on 1,165,886 shares repurchased across multiple venues with stated VWAPs.
Apr 17	Share buy-back update	Positive	-4.0%	Report of 2,741,165 shares bought and cancelled under the buy-back programme.
Apr 16	Share buy-back update	Positive	+1.9%	Disclosure of 1,620,931 shares cancelled with detailed venue-level VWAPs.
Apr 15	Share buy-back update	Positive	-1.7%	Announcement of 1,867,329 shares repurchased for cancellation across European venues.

Pattern Detected

Recent buy-back disclosures have produced mixed but mostly positive short-term reactions, with three positive and two negative moves over the past week of similar 'Transaction in Own Shares' announcements.

Recent Company History

In the last week, Shell has repeatedly reported daily buy-back executions, cancelling between 1.16M and 2.74M shares across venues such as LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. These updates all reference the same programme running from 05 Feb 2026 to 01 May 2026, with an independent bank executing trades within regulatory parameters. Price reactions to these updates have alternated between modest gains and occasional pullbacks.

Market Pulse Summary

This announcement details another day of on- and off-market share repurchases for cancellation under...

Analysis

This announcement details another day of on- and off-market share repurchases for cancellation under Shell’s buy-back programme running from 05 February 2026 to 01 May 2026. Trades span LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX, with disclosed volume-weighted prices in both GBP and EUR. Recent history shows similar daily disclosures, so investors may focus on programme consistency, total shares retired over time, and how this interacts with sector conditions and future capital allocation updates.

Key Terms

eu mar, uk mar

2 terms

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

"The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), 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.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

22 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 22 April 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
22/04/2026	398,496	33.1600	32.7050	32.9666	LSE	GBP
22/04/2026	170,959	33.1550	32.7350	32.9666	Chi-X (CXE)	GBP
22/04/2026	53,655	33.1550	32.6800	32.9631	BATS (BXE)	GBP
22/04/2026	357,552	38.1800	37.6650	37.9746	XAMS	EUR
22/04/2026	210,698	38.1800	37.6400	37.9707	CBOE DXE	EUR
22/04/2026	56,400	38.1800	37.6950	37.9906	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 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 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 Morgan Stanley & Co. International Plc 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

• Shell_PDF_2026-04-22

FAQ

How many shares did Shell (SHEL) buy back and cancel on 22 April 2026?

Shell bought back and cancelled 1,247,760 shares on 22 April 2026. According to the company, purchases occurred across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX as part of its ongoing buy‑back programme.

What were the volume-weighted average prices Shell (SHEL) paid on 22 April 2026?

Shell reported VWAPs of approximately £32.9666 for GBP venues and €37.98 for EUR venues. According to the company, those VWAPs reflect aggregated trades executed across the listed trading venues on that date.

Who executed the Shell (SHEL) buyback trades and until when is the programme active?

Morgan Stanley & Co. International Plc executed trades independently on behalf of Shell. According to the company, the programme runs from 05 February 2026 up to and including 01 May 2026.

Are the 22 April 2026 Shell (SHEL) purchases part of an existing buy‑back programme?

Yes. The 22 April purchases form part of the on‑ and off‑market limbs of Shell's buy‑back programme announced on 05 February 2026. According to the company, the programme is conducted under applicable UK and EU MAR rules.

Which trading venues did Shell (SHEL) use for the 22 April 2026 repurchases?

Shell executed purchases on LSE, Chi‑X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX. According to the company, aggregated trade details and VWAPs are provided per venue for 22 April 2026.