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Transaction in Own Shares

Shell plc (SHEL) has announced share repurchases conducted on May 6, 2025 as part of its buyback programme announced on May 2, 2025.

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Shell plc (SHEL) has announced share repurchases conducted on May 6, 2025 as part of its buyback programme announced on May 2, 2025. The company purchased a total of 1,795,000 shares across multiple venues:

- London Stock Exchange (LSE): 672,837 shares at £24.47 VWAP - European venues (XAMS, CBOE DXE, TQEX): 804,000 shares at €28.98 VWAP - Other UK venues (Chi-X, BATS): 317,163 shares at £24.46 VWAP

BNP PARIBAS SA will independently manage trading decisions for this programme from May 2 to July 25, 2025, following pre-set parameters and regulatory requirements.

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Positive

  • Demonstrates strong commitment to returning value to shareholders through share repurchases
  • Diversified execution across multiple trading venues ensures efficient price discovery
  • Independent management by BNP Paribas provides transparency and compliance with regulatory requirements

Negative

  • Share buybacks reduce company's cash reserves that could be used for business operations or growth
  • May indicate limited organic growth opportunities for capital deployment

News Market Reaction – SHEL

-0.03%
-0.03% Session move

In the trading session that priced this news, SHEL declined 0.03%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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Transaction in Own Shares

6 May, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 6 May, 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid


Lowest price paid


Volume weighted average price paid per shareVenueCurrency
06/05/2025672,837£24.6800£24.2650£24.4663LSEGBP
06/05/2025214,921£24.6550£24.2700£24.4593Chi-X (CXE)GBP
06/05/2025102,242£24.6550£24.2750£24.4607BATS (BXE)GBP
06/05/2025459,424€29.1550€28.7750€28.9924XAMSEUR
06/05/2025260,812€29.1550€28.7750€28.9752CBOE DXEEUR
06/05/202584,764€29.1400€28.7800€28.9824TQEXEUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2025.

In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.

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 BNP PARIBAS SA 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

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment


FAQ

How many shares did Shell (SHEL) repurchase on May 6, 2025?

Shell purchased a total of 1,795,000 shares across various trading venues, including 672,837 shares on LSE, 804,000 shares on European venues, and 317,163 shares on other UK venues.

What is the duration of Shell's current share buyback program?

The current share buyback program runs from May 2, 2025, to July 25, 2025, with BNP PARIBAS SA managing the trading decisions independently.

What was the average price paid for Shell shares in the buyback on May 6, 2025?

Shell paid a volume-weighted average price of £24.47 per share on LSE, €28.99 on European venues, with prices ranging from £24.27 to £24.68 and €28.78 to €29.16 across different venues.

Who manages Shell's share buyback program?

BNP PARIBAS SA independently manages the trading decisions for Shell's buyback program, operating within pre-set parameters and regulatory requirements.