Transaction in Own Shares
Rhea-AI Summary
Shell (NYSE:SHEL) reported that on 15 May 2026 it repurchased 1,450,000 shares for cancellation across three venues: LSE, Chi-X (CXE) and BATS (BXE).
Prices ranged between £31.4900 and £31.9350, with volume-weighted average prices around £31.72–£31.73. These trades form part of the share buy-back programme running from 7 May to 24 July 2026, executed independently by Goldman Sachs International within pre-set parameters and in line with UK and EU market abuse regulations.
AI-generated analysis. Not financial advice.
Positive
- 1,450,000 shares repurchased for cancellation, reducing outstanding share count
- Buy-back executed across multiple venues at VWAPs around £31.72–£31.73
- Programme conducted under predefined parameters and compliant with EU MAR and UK MAR
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
SHEL gained 1.01% with major integrated peers also positive: CVX +1.32%, XOM +2.71%, TTE +1.18%, BP +1.08%, PBR +1.32%. Scanner did not flag a coordinated sector momentum move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 14 | Debt programme prospectus | Neutral | -0.5% | Approval of base prospectus for Multi-Currency Debt Securities Programme. |
| May 14 | Share buy-back update | Positive | -0.5% | Repurchase of 1,060,548 shares for cancellation under buy-back programme. |
| May 14 | Govt payments report | Neutral | -0.5% | Disclosure of $23.84B in 2025 payments to governments across key countries. |
| May 13 | Share buy-back update | Positive | -0.5% | Repurchase of shares on 12 May 2026 across LSE, Chi-X and BATS. |
| May 12 | Share buy-back update | Positive | -0.0% | 1,360,000 shares repurchased on 11 May 2026 for cancellation. |
Recent disclosures, including multiple buy-back updates and regulatory filings, saw modestly negative or flat next-day moves, suggesting routine news with limited immediate price impact.
Over the past week, Shell reported several routine but capital-structure-focused updates. Multiple "Transaction in Own Shares" notices from 11–13 May 2026 outlined buy-backs at volume-weighted prices around £31.26–£31.61, all for cancellation under the programme announced on 7 May 2026. A 13 May 2026 prospectus for a Multi-Currency Debt Securities Programme and a 2025 payments-to-governments report (totalling $23.84 billion) were also released. Price reactions were slightly negative to flat (around -0.49% and -0.01%), indicating these updates have generally been absorbed calmly.
Market Pulse Summary
This announcement details another day of on-market repurchases for cancellation under Shell’s share buy-back programme running from 7 May 2026 to 24 July 2026, with trades executed by Goldman Sachs International across LSE, Chi-X and BATS at volume-weighted prices around £31.72. Set parameters and compliance with EU MAR and UK MAR frame this as a structured capital-return action. Investors may monitor the cumulative pace of cancellations and any accompanying financing or regulatory disclosures reported alongside these routine updates.
Key Terms
eu mar regulatory
uk mar regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
15 May, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 15 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 |
| 15/05/2026 | 1,000,000 | LSE | GBP | |||
| 15/05/2026 | 300,000 | Chi-X (CXE) | GBP | |||
| 15/05/2026 | 150,000 | 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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