Transaction in Own Shares
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.
News Market Reaction
On the day this news was published, SHEL gained 1.17%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SHEL gained 0.74% with active buy-backs, while key peers also rose (CVX 0.97%, XOM 1.12%, TTE 0.31%, BP 0.23%, PBR 0.25%). With no peers in the momentum scanner and no related peer headlines, today’s disclosure appears more company-specific than a scanner-flagged sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 08 | Share buy-back | Positive | -1.7% | Announcement of 2,433,525 shares repurchased for cancellation across multiple venues. |
| Jan 08 | Quarter update | Neutral | -1.7% | Q4 2025 operational ranges and margin update with noted cash outflows. |
| Jan 07 | Share buy-back | Positive | -1.9% | Disclosure of 2,233,786 shares repurchased and cancelled under buy-back. |
| Jan 06 | Share buy-back | Positive | -2.8% | Report of 1,472,298 shares bought back and cancelled on 06 January 2026. |
| Jan 05 | Share buy-back | Positive | -0.5% | Disclosure of 1,500,136 ordinary shares repurchased and cancelled on 05 January. |
Recent buy-back announcements have coincided with short-term share price declines, suggesting a pattern of negative next-day reactions despite ongoing capital returns.
Over 5–8 January 2026, Shell issued multiple “Transaction in Own Shares” updates, cancelling between roughly 1.47M–2.43M shares per day across LSE, Chi-X and XAMS under the programme running to 30 January 2026. A separate Q4 2025 update note on 8 January 2026 highlighted operational ranges and flagged below break-even Chemicals and significant German cash outflows. Each of these disclosures was followed by a negative 24-hour price reaction, framing today’s new buy-back report within a pattern of selling into news.
Market Pulse Summary
This announcement details another day of on- and off-market share repurchases for cancellation under Shell’s existing programme, with specific volumes and prices across LSE and XAMS. It continues a sequence of daily buy-back disclosures in early January 2026, set within the programme window to 30 January 2026. Investors may track cumulative shares cancelled, execution prices versus prevailing levels, and how these actions intersect with upcoming results and prior regulatory filings on repurchases.
Key Terms
volume weighted average price financial
AI-generated analysis. Not financial advice.
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
FAQ
How many Shell (SHEL) shares were bought and cancelled on 12 January 2026?
What were the VWAPs for Shell (SHEL) share purchases on 12 January 2026?
Which venues did Shell (SHEL) use to buy shares on 12 January 2026?
Is the 12 January 2026 buy-back part of an existing Shell (SHEL) programme?
Who is executing the Shell (SHEL) buy-back trades and until when?
Under which rules is Shell (SHEL) conducting the buy-back programme?
