What did Shell (SHEL) announce about its share buyback on 11 May 2026?

Shell reported buying 1,360,000 shares for cancellation on 11 May 2026. According to Shell, these repurchases fall under its previously announced buyback programme and were executed across multiple trading venues at volume‑weighted average prices around £31.26–£31.27 per share.

Under which regulations is Shell’s (SHEL) May–July 2026 share buyback conducted?

Shell’s share buyback is conducted under UK MAR and EU MAR rules. According to Shell, the programme follows Chapter 9 of the UK Listing Rules and the onshored EU Market Abuse Regulation, including Delegated Regulation (EU) 2016/1052, as adapted into UK law.

What does Shell’s (SHEL) 11 May 2026 share repurchase mean for outstanding shares?

The repurchased 1,360,000 Shell shares are designated for cancellation, reducing the share count. According to Shell, these transactions are part of its ongoing buyback programme, which aims to cancel acquired shares in line with its authorised capital management framework and regulations.

Transaction in Own Shares

Shell (SHEL) repurchased 1,360,000 shares for cancellation on 11 May 2026 as part of its ongoing share buyback programme.

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Rhea-AI Summary

Shell (SHEL) repurchased 1,360,000 shares for cancellation on 11 May 2026 as part of its ongoing share buyback programme.

Purchases were executed by Goldman Sachs International on the LSE, Chi-X and BATS at volume-weighted average prices around £31.26–£31.27 per share, under UK and EU MAR rules.

Argus May 12 session

-0.01% close to close Open Argus

Details

News Market Reaction – SHEL

On May 12, the day this news came out, SHEL closed 0.01% below the previous close.

Data tracked by StockTitan Argus for the May 12 session.

Key Figures

LSE shares repurchased: 1,000,000 shares Chi-X shares repurchased: 250,000 shares BATS shares repurchased: 110,000 shares +5 more

LSE shares repurchased: 1,000,000 shares; Repurchased for cancellation on 11/05/2026 on LSE
Chi-X shares repurchased: 250,000 shares; Repurchased for cancellation on 11/05/2026 on Chi-X (CXE)
BATS shares repurchased: 110,000 shares; Repurchased for cancellation on 11/05/2026 on BATS (BXE)
VWAP LSE: £31.2742 per share; Volume weighted average price on LSE, 11/05/2026
VWAP Chi-X: £31.2650 per share; Volume weighted average price on Chi-X (CXE), 11/05/2026
VWAP BATS: £31.2587 per share; Volume weighted average price on BATS (BXE), 11/05/2026
Buyback window: 07 May 2026 to 24 July 2026; Period during which Goldman Sachs executes programme independently
Brexit transition end: 31 December 2020, 11:00 pm; Reference time for onshoring EU MAR into UK law

Historical Context

5 past events · Latest: May 11

5 events

May 11
PDMR share dealing

24h Move

+1.7%

Disclosure of 9,000-share disposal by a senior executive under MAR rules.
May 11
Daily buyback update

24h Move

+1.7%

Report of 1,196,870 shares repurchased on 8 May 2026 for cancellation.
May 08
Daily buyback update

24h Move

-0.3%

1,230,000 shares repurchased on 7 May 2026 amid a modest price decline.
May 07
Buyback programme launch

24h Move

-3.4%

Announcement of a $3.0B on-market buyback running to 24 July 2026.
May 07
Interim dividend declared

24h Move

-3.4%

Q1 2026 interim dividend of US$0.3906 per share, US$0.7812 per ADS.

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

Key Terms

share buy-back programme, uk listing rules, eu mar, uk mar

4 terms

uk listing rules regulatory

"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..."

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.

eu mar regulatory

"...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..."

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

"...from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”)..."

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. How Rhea-AI works. Not financial advice.

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05/12/2026 - 04:23 AM EDT

Transaction in Own Shares

11 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 11 May, 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
11/05/2026	1,000,000	£ 31.3850	£ 31.1100	£ 31.2742	LSE	GBP
11/05/2026	250,000	£ 31.3800	£ 31.1100	£ 31.2650	Chi-X (CXE)	GBP
11/05/2026	110,000	£ 31.3750	£ 31.1150	£ 31.2587	BATS (BXE)	GBP

These share purchases form part of the Company's share buy-back programme previously announced on 07 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 07 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

20260511_Shell RNS - full version

FAQ

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

How many Shell (SHEL) shares were repurchased on the London Stock Exchange on 11 May 2026?

Shell repurchased 1,000,000 shares on the London Stock Exchange on 11 May 2026. According to Shell, these LSE trades were executed at prices between £31.1100 and £31.3850, with a volume‑weighted average price of £31.2742 per share under its buyback programme.

At what prices did Shell (SHEL) buy back shares on Chi-X and BATS on 11 May 2026?

Shell’s buybacks on Chi-X and BATS ranged between about £31.11 and £31.38 per share. According to Shell, 250,000 shares on Chi-X and 110,000 on BATS had volume‑weighted average prices of £31.2650 and £31.2587 respectively, within its authorised repurchase parameters.

Who executes Shell’s (SHEL) 2026 buyback trades and over what period?

Goldman Sachs International executes Shell’s 2026 buyback trades independently of the company. According to Shell, Goldman Sachs will make trading decisions between 7 May 2026 and 24 July 2026, operating within pre-set parameters and Shell’s general authority to repurchase shares.

Transaction in Own Shares