Transaction in Own Shares
Shell (SHEL) announced on 10 December 2025 that it purchased shares for cancellation under its existing buy-back programme.
Sentiment and the balance of points
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Rhea-AI Summary
Shell (SHEL) announced on 10 December 2025 that it purchased shares for cancellation under its existing buy-back programme. Total shares purchased for cancellation: 1,507,757 shares (757,623 on LSE at VWAP £27.2388; 750,134 on XAMS at VWAP €31.2671).
The programme runs from 30 October 2025 to 30 January 2026, with Merrill Lynch International making independent trading decisions. Purchases follow UK MAR and EU MAR on-shored rules and the company’s on- and off-market authorities.
Positive
- Shares cancelled: 1,507,757 purchased for cancellation on 10/12/2025
- On- and off-market buy-back running through 30 January 2026 with independent broker execution
Negative
- None.
Details
News Market Reaction – SHEL
On Dec 10, the day this news came out, SHEL closed 0.45% above the previous close.
Data tracked by StockTitan Argus for the Dec 10 session.
Key Figures
- Shares repurchased LSE
- 757,623 shares
- 10 Dec 2025 buy-back, LSE venue, for cancellation
- VWAP LSE
- 27.2388 GBP
- Volume weighted average price on LSE, 10 Dec 2025
- Shares repurchased XAMS
- 750,134 shares
- 10 Dec 2025 buy-back, XAMS venue, for cancellation
- VWAP XAMS
- 31.2671 EUR
- Volume weighted average price on XAMS, 10 Dec 2025
- Buy-back window
- 30 Oct 2025–30 Jan 2026
- Period where Merrill Lynch International executes programme
- Current price
- $72.55
- Pre-news trading level vs 52-week high $77.47
- 52-week range
- $58.545–$77.47
- SHEL trading <b>-6.35%</b> vs high, <b>23.92%</b> vs low
- Notes exchanged
- $6,347,729,000
- Old notes tendered in Dec 4, 2025 exchange offers
Historical Context
-
Daily buy-back disclosure of cancellations across LSE, BATS and XAMS venues.
-
Announcement of Q3 2025 dividend currency equivalents and payment timetable.
-
Disclosure of 1,485,081 shares repurchased and cancelled under buy-back.
-
Report of 1,457,504 shares bought back across LSE and XAMS venues.
-
Final results of multi-series note exchanges totaling $6.35B to optimize capital.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
uk listing rules regulatory
eu mar regulatory
uk mar regulatory
off-market buyback contract financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
10 December, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 10 December, 2025 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 |
| 10/12/2025 | 757,623 | 27.3900 | 27.0850 | 27.2388 | LSE | GBP |
| 10/12/2025 | - | - | - | - | Chi-X (CXE) | GBP |
| 10/12/2025 | - | - | - | - | BATS (BXE) | GBP |
| 10/12/2025 | 750,134 | 31.4100 | 31.1000 | 31.2671 | XAMS | EUR |
| 10/12/2025 | - | - | - | - | CBOE DXE | EUR |
| 10/12/2025 | - | - | - | - | 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 30 October 2025.
In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch 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
FAQ
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