Transaction in Own Shares

Shell (SHEL) purchased and cancelled a total of 1,961,992 shares on 12 January 2026: 1,013,854 shares on LSE at a volume-weighted average price of £26.4575 and 948,138 shares on XAMS at a volume-weighted average price of €30.5628.

Rhea-AI Summary

Shell (SHEL) purchased and cancelled a total of 1,961,992 shares on 12 January 2026: 1,013,854 shares on LSE at a volume-weighted average price of £26.4575 and 948,138 shares on XAMS at a volume-weighted average price of €30.5628. These purchases form part of the on- and off-market limbs of the company's existing buy-back programme announced 30 October 2025.

Merrill Lynch International is executing trades independently for the programme from 30 October 2025 through 30 January 2026. The programme is conducted under UK MAR and related delegated regulation rules and the company’s authorised on- and off-market authorities.

Positive

• Total shares purchased for cancellation: 1,961,992 on 12 January 2026
• LSE trades VWAP: £26.4575; XAMS trades VWAP: €30.5628
• Buy-back executed under existing programme with independent trading by Merrill Lynch through 30 Jan 2026

Negative

• None.

Argus Jan 12 session

+1.17% close to close Open Argus

Details

News Market Reaction – SHEL

On Jan 12, the day this news came out, SHEL closed 1.17% above the previous close.

Data tracked by StockTitan Argus for the Jan 12 session.

Key Figures

Shares repurchased LSE: 1,013,854 shares Shares repurchased XAMS: 948,138 shares Highest price LSE: £26.6300 +5 more

Shares repurchased LSE

1,013,854 shares

Purchased for cancellation on 12/01/2026 at LSE

Shares repurchased XAMS

948,138 shares

Purchased for cancellation on 12/01/2026 at XAMS

Highest price LSE

£26.6300

Highest price paid per share on 12/01/2026 at LSE

Lowest price LSE

£26.2550

Lowest price paid per share on 12/01/2026 at LSE

VWAP LSE

£26.4575

Volume weighted average price on 12/01/2026 at LSE

Highest price XAMS

€30.7750

Highest price paid per share on 12/01/2026 at XAMS

Lowest price XAMS

€30.3250

Lowest price paid per share on 12/01/2026 at XAMS

VWAP XAMS

€30.5628

Volume weighted average price on 12/01/2026 at XAMS

Historical Context

5 past events · Latest: Jan 08

5 events

1. Jan 08

   Share buy-back

   24h Move

   -1.7%

   Announcement of 2,433,525 shares repurchased for cancellation across multiple venues.

2. Jan 08

   Quarter update

   24h Move

   -1.7%

   Q4 2025 operational ranges and margin update with noted cash outflows.

3. Jan 07

   Share buy-back

   24h Move

   -1.9%

   Disclosure of 2,233,786 shares repurchased and cancelled under buy-back.

4. Jan 06

   Share buy-back

   24h Move

   -2.8%

   Report of 1,472,298 shares bought back and cancelled on 06 January 2026.

5. Jan 05

   Share buy-back

   24h Move

   -0.5%

   Disclosure of 1,500,136 ordinary shares repurchased and cancelled on 05 January.

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

Key Terms

volume weighted average price

1 terms

volume weighted average price financial

"Volume weighted average price paid per share | Venue | Currency"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Transaction in Own Shares   

12 January, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 12 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
12/01/2026	1,013,854	26.6300	26.2550	26.4575	LSE	GBP
12/01/2026	-	-	-	-	Chi-X (CXE)	GBP
12/01/2026	-	-	-	-	BATS (BXE)	GBP
12/01/2026	948,138	30.7750	30.3250	30.5628	XAMS	EUR
12/01/2026	-	-	-	-	CBOE DXE	EUR
12/01/2026	-	-	-	-	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

• 2026.01.12 Shell RNS (with fills)

FAQ

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

How many Shell (SHEL) shares were bought and cancelled on 12 January 2026?

Shell purchased and cancelled a total of 1,961,992 shares on 12 January 2026.

What were the VWAPs for Shell (SHEL) share purchases on 12 January 2026?

The VWAP was £26.4575 on LSE and €30.5628 on XAMS for purchases on 12 January 2026.

Which venues did Shell (SHEL) use to buy shares on 12 January 2026?

Purchases were executed on LSE and XAMS (other listed venues had no trades reported that day).

Is the 12 January 2026 buy-back part of an existing Shell (SHEL) programme?

Yes. The purchases are part of the on- and off-market limbs of the buy-back programme announced on 30 October 2025.

Who is executing the Shell (SHEL) buy-back trades and until when?

Merrill Lynch International is making trading decisions independently for the programme from 30 Oct 2025 up to and including 30 Jan 2026.

Under which rules is Shell (SHEL) conducting the buy-back programme?

The programme is conducted in accordance with UK MAR and the EU MAR Delegated Regulation as onshored into UK law and Chapter 9 of the UK Listing Rules.