Transaction in Own Shares
Rhea-AI Summary
Shell (LON:SHEL) reported share repurchases on 12 May 2026 for cancellation under its buy-back programme announced on 07 May 2026.
The company bought 884,427 shares on the LSE, 250,000 on Chi-X (CXE) and 100,000 on BATS (BXE), with volume-weighted average prices around £31.61 per share.
AI-generated analysis. Not financial advice.
Positive
- None.
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows only one peer, SU, moving with a -3.28% decline and no news. Broader peers like CVX, XOM, TTE, BP, and PBR show mixed single-day moves, indicating this disclosure aligns more with company-specific capital management than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 11 | Director share dealing | Neutral | +1.7% | PDMR disposed 9,000 shares under EU and UK market abuse rules. |
| May 11 | Buyback trade disclosure | Positive | +1.7% | Reported 8 May 2026 share repurchases across LSE, Chi-X, and BATS for cancellation. |
| May 08 | Buyback trade disclosure | Positive | -0.3% | Disclosed 1,230,000 shares repurchased on 07 May 2026 under buyback programme. |
| May 07 | Buyback programme launch | Positive | -3.4% | Announced commencement of a $3.0 billion on‑market share buyback programme. |
| May 07 | Dividend declaration | Positive | -3.4% | Declared Q1 2026 interim dividend with payment date and ADS details. |
Recent buyback and dividend announcements have seen mixed reactions, with some positive news coinciding with negative next-day moves.
Over recent months, Shell has focused on capital returns through buybacks and dividends. On May 7, 2026, it announced a $3.0 billion buyback and a Q1 2026 interim dividend of US$0.3906 per share, yet the stock moved -3.39% over the next day. Subsequent daily buyback disclosures on May 7–8 reported multi-hundred-thousand share repurchases across LSE, Chi-X, and BATS, with mixed price reactions. Today’s transaction in own shares continues this ongoing programme.
Market Pulse Summary
This announcement details further execution under Shell’s previously announced $3.0 billion buyback, including specific volumes and prices across LSE, Chi-X, and BATS on 12 May 2026. It reinforces an ongoing capital return strategy that also includes a Q1 2026 dividend of US$0.3906 per share. Historical filings highlight sizeable prior cancellations, such as 34.2 million shares in June 2025. Investors may watch future buyback disclosures, dividend updates, and regulatory filings for continuity of this approach.
Key Terms
eu mar regulatory
uk mar regulatory
european union (withdrawal agreement) act 2020 regulatory
the market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
12 May, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 12 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 |
| 12/05/2026 | 884,427 | LSE | GBP | |||
| 12/05/2026 | 250,000 | Chi-X (CXE) | GBP | |||
| 12/05/2026 | 100,000 | BATS (BXE) | GBP |
These share purchases form part of the Company's share buy-back programme previously announced on 07 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 07 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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