What did Shell (SHEL) announce about its share buyback on 13 May 2026?

Shell announced that on 12 May 2026 it repurchased shares for cancellation across LSE, Chi-X and BATS venues. According to Shell, these trades form part of its previously announced share buy-back programme running between 07 May 2026 and 24 July 2026.

Who is executing the Shell (SHEL) share buy-back programme announced in May 2026?

Goldman Sachs International is executing the Shell share buy-back trades independently of the company. According to Shell, Goldman Sachs will make trading decisions between 07 May 2026 and 24 July 2026 within pre-set parameters and the company’s general authority to repurchase shares.

Transaction in Own Shares

Shell (LON:SHEL) reported share repurchases on 12 May 2026 for cancellation under its buy-back programme announced on 07 May 2026.

Rhea-AI Impact

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Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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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.

Argus May 13 session

-0.49% close to close Open Argus

Details

News Market Reaction – SHEL

On May 13, the day this news came out, SHEL closed 0.49% below the previous close.

Data tracked by StockTitan Argus for the May 13 session.

Key Figures

LSE shares bought: 884,427 shares Chi-X shares bought: 250,000 shares BATS shares bought: 100,000 shares +5 more

LSE shares bought: 884,427 shares; Repurchased for cancellation on 12 May 2026 (LSE)
Chi-X shares bought: 250,000 shares; Repurchased for cancellation on 12 May 2026 (Chi-X CXE)
BATS shares bought: 100,000 shares; Repurchased for cancellation on 12 May 2026 (BATS BXE)
Highest price paid: £31.8400 per share; Maximum price in 12 May 2026 buyback trades
Buyback size: $3.0 billion; On‑market share buyback programme announced 7 May 2026
Max shares under authority: 320,000,000 shares; Maximum repurchases allowed under existing authorities
Q1 2026 dividend: US$0.3906 per share; Interim dividend per ordinary share; Q1 2026
June 2025 buybacks: 34.2 million shares; Cumulative ordinary shares cancelled during June 2025

Historical Context

5 past events · Latest: May 11

5 events

May 11
Director share dealing

24h Move

+1.7%

PDMR disposed 9,000 shares under EU and UK market abuse rules.
May 11
Buyback trade disclosure

24h Move

+1.7%

Reported 8 May 2026 share repurchases across LSE, Chi-X, and BATS for cancellation.
May 08
Buyback trade disclosure

24h Move

-0.3%

Disclosed 1,230,000 shares repurchased on 07 May 2026 under buyback programme.
May 07
Buyback programme launch

24h Move

-3.4%

Announced commencement of a $3.0 billion on‑market share buyback programme.
May 07
Dividend declaration

24h Move

-3.4%

Declared Q1 2026 interim dividend with payment date and ADS details.

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, eu mar, uk mar, european union (withdrawal agreement) act 2020, +1 more

5 terms

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.

european union (withdrawal agreement) act 2020 regulatory

"Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended..."

A UK law that put into force a negotiated exit agreement with the European Union and translated many existing EU rules into domestic law to avoid sudden legal gaps. Think of it as a formal handover and a translation of the prior rulebook so businesses, contracts and regulators had time and legal certainty to adjust. Investors care because it changes which laws apply, affects market access, trade rules and compliance costs for companies.

the 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 UK government regulation that updates and preserves rules against insider trading, market manipulation and unlawful disclosure after the country left the EU, keeping market conduct standards consistent and enforceable under domestic law. It matters to investors because it sets the “traffic laws” of the market—clarifying what information must be shared, who may trade, and the penalties for cheating—so prices remain fair and legal risk is clearer.

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

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05/13/2026 - 05:40 AM EDT

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	£ 31.8400	£ 31.4700	£ 31.6056	LSE	GBP
12/05/2026	250,000	£ 31.8400	£ 31.4700	£ 31.6193	Chi-X (CXE)	GBP
12/05/2026	100,000	£ 31.8300	£ 31.4700	£ 31.6265	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

Attachment

20260512_Shell RNS - full version

FAQ

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

How many Shell (SHEL) shares were repurchased on the LSE on 12 May 2026?

Shell repurchased 884,427 shares on the London Stock Exchange on 12 May 2026. According to Shell, the highest price paid was £31.84, the lowest £31.47 and the volume-weighted average price was about £31.6056 per share, all in GBP.

At what prices did Shell (SHEL) buy back shares on Chi-X and BATS on 12 May 2026?

Shell bought 250,000 shares on Chi-X (CXE) and 100,000 on BATS (BXE) on 12 May 2026. According to Shell, volume-weighted average prices were £31.6193 on Chi-X and £31.6265 on BATS, with trades executed between £31.47 and about £31.84.

Under which regulations is the Shell (SHEL) May–July 2026 buy-back programme conducted?

The Shell buy-back programme is being conducted under UK Listing Rules Chapter 9 and market abuse regulations. According to Shell, trades comply with EU MAR, UK MAR and the related Commission Delegated Regulation, including their onshored and amended versions in UK law.

Transaction in Own Shares