Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) reported on 2 June 2026 that it bought back shares for cancellation on 1 June 2026 as part of its ongoing share repurchase programme.
In total, 1,100,000 shares were purchased across LSE and Chi-X at volume-weighted prices around £31.80 per share.
AI-generated analysis. Not financial advice.
Positive
- 1,100,000 shares repurchased for cancellation on 1 June 2026
- Buybacks executed under previously announced programme running to 24 July 2026
- Purchases conducted under independent mandate with Goldman Sachs International
- Transactions carried out in line with UK and EU MAR buyback rules
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
SHEL was up 1.53% with major integrated peers also positive (XOM +1.61%, CVX +0.78%, BP +0.89%, TTE +0.56%), while PBR slipped -0.68%. No peers appeared in the momentum scanner.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 29 | Capital structure update | Neutral | +0.3% | Updated total voting rights and share capital position as of May 29, 2026. |
| May 29 | Share repurchase update | Neutral | +0.3% | Reported 1,829,384 shares repurchased for cancellation on 28 May 2026. |
| May 28 | Share repurchase update | Neutral | +0.0% | Disclosed 1,979,245 shares bought back on 27 May 2026 under programme. |
| May 27 | Buy-back operations detail | Neutral | -1.4% | Outlined 26 May 2026 buy-backs executed by Goldman Sachs International. |
| May 26 | Share repurchase update | Neutral | -0.8% | Reported 1,978,677 shares repurchased for cancellation on 22 May 2026. |
Recent 'Transaction in Own Shares' updates have generally been followed by modest, mixed price reactions, suggesting routine disclosures with limited standalone impact.
Over late May 2026, Shell issued several RNS updates on its buy-back programme, reporting daily repurchases between roughly 1.8–2.0 million shares for cancellation across LSE, Chi-X and BATS. A separate May 29, 2026 notice detailed total voting rights of 5,586,155,889 ordinary shares with no treasury stock. The current announcement continues this pattern of routine buy-back reporting under the programme running from 7 May 2026 to 24 July 2026.
Market Pulse Summary
This announcement details additional share repurchases for cancellation under Shell’s ongoing buy-back programme running from 7 May 2026 to 24 July 2026, with trades executed by Goldman Sachs International across LSE and Chi-X venues at volume-weighted prices around the low-£30s. It continues a series of similar late-May updates. Investors may track cumulative shares cancelled, associated capital returns, and how this activity fits alongside Shell’s broader capital structure and debt management actions disclosed in recent filings.
Key Terms
volume weighted average price technical
eu mar regulatory
uk mar regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
01 June, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 01 June, 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 |
| 01/06/2026 | 900,000 | LSE | GBP | |||
| 01/06/2026 | 200,000 | Chi-X (CXE) | GBP | |||
| 01/06/2026 | - | - | - | - | 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
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