Transaction in Own Shares

Shell (SHEL) purchased 858,749 ordinary shares for cancellation on 02 April 2026 across six trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

Rhea-AI Summary

Shell (SHEL) purchased 858,749 ordinary shares for cancellation on 02 April 2026 across six trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX). Prices ranged by venue with GBP VWAPs ~35.45 and EUR VWAPs ~40.62.

The purchases form part of the on- and off-market limbs of the existing buy-back programme running from 05 February 2026 up to and including 01 May 2026, with Morgan Stanley & Co. International Plc making independent trading decisions for that period.

Positive

• 858,749 shares repurchased for cancellation on 02 April 2026
• Buy-back executed across six trading venues in GBP and EUR
• Repurchases conducted under an approved on- and off-market programme (05 Feb–01 May 2026)
• Morgan Stanley executing trades independently on behalf of the company

Negative

• No single total consideration disclosed for the aggregate purchases in the announcement
• Buy-back window limited to purchases made up to and including 01 May 2026

Argus Apr 2 session

+1.16% close to close Open Argus

Details

News Market Reaction – SHEL

On Apr 2, the day this news came out, SHEL closed 1.16% above the previous close.

Data tracked by StockTitan Argus for the Apr 2 session.

Key Figures

Shares repurchased LSE: 240,241 shares VWAP LSE: £35.4495 per share Shares repurchased XAMS: 271,491 shares +5 more

Shares repurchased LSE

240,241 shares

Purchased for cancellation on 02/04/2026 on LSE

VWAP LSE

£35.4495 per share

Volume weighted average price on LSE 02/04/2026

Shares repurchased XAMS

271,491 shares

Purchased for cancellation on 02/04/2026 on XAMS

VWAP XAMS

€40.6460 per share

Volume weighted average price on XAMS 02/04/2026

Programme start

05 February 2026

Start of current share buy-back programme

Programme end

01 May 2026

Scheduled end of current share buy-back programme

Brexit transition end time

11:00 pm on 31 December 2020

Time when EU MAR rules were onshored into UK law

Regulation citation

Market Abuse Regulation 596/2014/EU

Framework governing the buy-back programme

Historical Context

5 past events · Latest: Apr 01

5 events

1. Apr 01

   Share buy-back update

   24h Move

   -1.0%

   Announcement of 2,379,170 shares repurchased and cancelled under ongoing buy-back.

2. Mar 31

   Share buy-back update

   24h Move

   +0.3%

   Disclosure of 1,337,682 shares repurchased for cancellation under buy-back.

3. Mar 31

   Voting rights update

   24h Move

   +0.3%

   Update on total voting rights and share capital as of 31 March 2026.

4. Mar 30

   Share buy-back update

   24h Move

   +0.6%

   Report of 472,613 shares purchased for cancellation across multiple venues.

5. Mar 27

   Share buy-back update

   24h Move

   +0.0%

   Disclosure of 1,558,275 shares bought and cancelled under the programme.

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, off-market buyback contract, uk listing rules, eu mar, +2 more

6 terms

share buy-back programme financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme..."

A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

off-market buyback contract financial

"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..."

An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.

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..."

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

"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..."

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.

market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory

"including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time."

A set of UK rules that update the law on insider trading, market manipulation and related disclosure duties to reflect the country’s departure from the EU. It is essentially an updated rulebook that keeps enforcement powers, reporting requirements and protections for honest investors working smoothly after the legal change; investors care because it clarifies what behaviour is illegal, how markets stay fair, and what companies must disclose.

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

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Transaction in Own Shares      

02 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 02 April 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
02/04/2026	240,241	35.8400	35.0850	35.4495	LSE	GBP
02/04/2026	121,875	35.8350	35.0900	35.4705	Chi-X (CXE)	GBP
02/04/2026	42,948	35.8350	35.0950	35.4714	BATS (BXE)	GBP
02/04/2026	271,491	41.0750	40.2250	40.6460	XAMS	EUR
02/04/2026	138,990	41.0750	40.2650	40.6236	CBOE DXE	EUR
02/04/2026	43,204	41.0350	40.2200	40.6193	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 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 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 Morgan Stanley & Co. International Plc 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

• Shell_PDF_2026-04-02

FAQ

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

How many shares did Shell (SHEL) buy back on 02 April 2026?

Shell repurchased 858,749 shares on 02 April 2026. According to the company, this total is the sum of six trades executed across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX.

What price ranges did Shell (SHEL) pay for shares on 02 April 2026?

Prices varied by venue, with GBP VWAPs around 35.45 and EUR VWAPs around 40.62. According to the company, highest and lowest trade prices per venue are listed in the announcement.

Is Shell’s 02 April 2026 buy-back part of a larger programme (SHEL)?

Yes. The purchases form part of Shell’s on- and off-market buy-back programme running from 05 February 2026 to 01 May 2026. According to the company, the programme operates within preset parameters and regulatory rules.

Who executed Shell’s share repurchases on 02 April 2026 (SHEL)?

Morgan Stanley & Co. International Plc executed the trades independently for Shell. According to the company, Morgan Stanley will make trading decisions for the programme until and including 01 May 2026.

Which trading venues handled Shell’s 02 April 2026 buy-back (SHEL)?

Trades were executed on LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. According to the company, the breakdown of individual trades and venue-specific prices is provided in the announcement.