Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased and cancelled a total of 2,741,165 shares on 17 April 2026 across multiple European trading venues.

Purchases were executed under the company’s on‑ and off‑market buy‑back programme announced 05 February 2026, with Morgan Stanley making independent trading decisions through 01 May 2026.

Positive

• 2,741,165 shares repurchased and cancelled on 17 April 2026
• Buy-back executed across six venues in GBP and EUR markets
• Programme active under authority announced 05 February 2026

Negative

• Euros paid showed higher VWAP (~37.23–37.28) than GBP VWAP (~32.42–32.48)
• No aggregate cash total disclosed for the 17 April 2026 purchases

Key Figures

Shares purchased (LSE): 856,258 VWAP (LSE): 32.4764 GBP Shares purchased (XAMS): 775,387 +5 more

8 metrics

Shares purchased (LSE) 856,258 On-market limb, 17/04/2026, LSE

VWAP (LSE) 32.4764 GBP Volume weighted average price per share, 17/04/2026

Shares purchased (XAMS) 775,387 On-market limb, 17/04/2026, XAMS

VWAP (XAMS) 37.2276 EUR Volume weighted average price per share, 17/04/2026

Shares purchased (CBOE DXE) 485,722 On-market limb, 17/04/2026, CBOE DXE

Programme start date 05 February 2026 Buy-back programme trading period start

Programme end date 01 May 2026 Buy-back programme trading period end

Regulation number 2016/1052 Commission Delegated Regulation (EU) 2016/1052 referenced

Market Reality Check

Price: $87.81 Vol: Volume 5,227,057 vs 20-da...

low vol

$87.81 Last Close

Volume Volume 5,227,057 vs 20-day average 8,315,353 (relative volume 0.63). low

Technical Price 91.5 trading above 200-day MA at 76.33, near 52-week high 94.9.

Peers on Argus

Momentum scanner shows 7 energy peers moving down together (median move about -6...

7 Down

Momentum scanner shows 7 energy peers moving down together (median move about -6.5%), while sector watchlist peers (CVX, XOM, TTE, BP, PBR) show same-day gains based on their latest price changes.

Historical Context

5 past events · Latest: Apr 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 16	Share buyback update	Positive	+1.9%	Reported 1,620,931 shares repurchased and cancelled under ongoing buy-back.
Apr 15	Share buyback update	Positive	-1.7%	Disclosed 1,867,329 shares repurchased across multiple venues for cancellation.
Apr 13	Share buyback update	Positive	+0.4%	Announced 747,124 shares bought back and cancelled across several venues.
Apr 13	AGM notice	Neutral	+0.4%	Published notice and logistics for the 2026 Annual General Meeting.
Apr 08	Share buyback update	Positive	-2.3%	Reported 4,450,454 shares repurchased for cancellation under buy-back programme.

Pattern Detected

Recent buy-back disclosures have shown mixed price reactions, with both gains and declines following similar announcements.

Recent Company History

Over recent weeks, Shell has repeatedly reported on-market and off-market share repurchases under its buy-back programmes. Disclosures on 08 Apr 2026, 13 Apr 2026, 15 Apr 2026 and 16 Apr 2026 detailed multi-venue purchases for cancellation, with trading decisions delegated to banks under pre-set parameters. A separate Notice of 2026 AGM on 13 Apr 2026 outlined governance timelines. Price reactions to these repurchase updates have alternated between positive and negative moves.

Market Pulse Summary

This announcement details further on- and off-market buy-backs under Shell’s existing programme, wit...

Analysis

This announcement details further on- and off-market buy-backs under Shell’s existing programme, with purchases across LSE and European venues on 17 April 2026 for cancellation. It continues the pattern of regular repurchase updates seen since early February 2026. Investors may track cumulative shares cancelled, venue-level pricing in GBP and EUR, and the programme’s scheduled window through 01 May 2026, while also considering prior mixed price reactions to similar disclosures.

Key Terms

share buy-back programme, on-market limb, EU MAR, UK MAR, +1 more

5 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.

on-market limb financial

"The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority..."

An on-market limb is the part of a takeover or share-purchase arrangement where shares are bought directly through the stock exchange at current market prices, rather than through private, negotiated off-exchange deals. For investors it matters because on-market purchases happen publicly and at prevailing prices, which can affect the stock’s trading price, liquidity and how quickly ownership changes hands — like buying items from a store shelf versus arranging a private sale.

EU MAR regulatory

"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.

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.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

17 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 17 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
17/04/2026	856,258	33.8750	31.7150	32.4764	LSE	GBP
17/04/2026	391,925	33.8400	31.7150	32.4208	Chi-X (CXE)	GBP
17/04/2026	135,443	33.8200	31.7150	32.4271	BATS (BXE)	GBP
17/04/2026	775,387	38.9000	36.4200	37.2276	XAMS	EUR
17/04/2026	485,722	38.8950	36.4200	37.2797	CBOE DXE	EUR
17/04/2026	96,430	38.8400	36.4600	37.2652	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_2026-04-17

FAQ

How many shares did Shell (SHEL) repurchase on 17 April 2026?

Shell repurchased and cancelled 2,741,165 shares on 17 April 2026. According to the company, trades occurred across six venues in GBP and EUR as part of its ongoing buy‑back programme announced 05 February 2026.

What venues and currencies were used for Shell's (SHEL) 17 April 2026 buyback?

Trades were executed on LSE, Chi‑X, BATS, XAMS, CBOE DXE and TQEX in GBP and EUR. According to the company, purchases formed part of the on‑ and off‑market limbs of its buy‑back programme.

What were the average prices Shell (SHEL) paid per share on 17 April 2026?

Volume‑weighted average prices ranged about £32.42–£32.48 (GBP) and €37.23–€37.28 (EUR). According to the company, these VWAPs reflect aggregated trades by venue that day.

Is Shell's (SHEL) 17 April 2026 buyback part of a larger programme?

Yes. The purchases are part of the on‑ and off‑market buy‑back programme announced on 05 February 2026. According to the company, Morgan Stanley will trade independently for the programme through 01 May 2026.

Will the 17 April 2026 share repurchases for Shell (SHEL) affect shareholders immediately?

Repurchased shares were cancelled, reducing outstanding share count and potentially lifting per‑share metrics. According to the company, the cancellations were executed under its authorised buy‑back programme and market rules.