Transaction in Own Shares

Shell (SHEL) bought 1,191,059 shares for cancellation on 24 February 2026 across multiple venues and currencies.

Rhea-AI Summary

Shell (SHEL) bought 1,191,059 shares for cancellation on 24 February 2026 across multiple venues and currencies. Purchases occurred on LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX with venue-level volume-weighted average prices reported in GBP and EUR. This forms part of the company’s buy-back programme running 05 February 2026 through 01 May 2026, with Morgan Stanley making independent trading decisions within pre-set parameters and in compliance with UK MAR and EU MAR rules.

Positive

• 1,191,059 shares repurchased for cancellation on 24 February 2026
• Buy-back carried out across six trading venues in GBP and EUR
• Programme runs from 05 Feb 2026 to 01 May 2026 with independent broker execution

Negative

• None.

Argus Feb 24 session

+1.01% close to close Open Argus

Details

News Market Reaction – SHEL

On Feb 24, the day this news came out, SHEL closed 1.01% above the previous close.

Data tracked by StockTitan Argus for the Feb 24 session.

Key Figures

Shares repurchased LSE: 353,285 shares Shares repurchased Chi-X: 176,801 shares Shares repurchased BATS: 79,163 shares +5 more

Shares repurchased LSE

353,285 shares

Purchased for cancellation on 24/02/2026 at LSE in GBP

Shares repurchased Chi-X

176,801 shares

Purchased for cancellation on 24/02/2026 at Chi-X (CXE) in GBP

Shares repurchased BATS

79,163 shares

Purchased for cancellation on 24/02/2026 at BATS (BXE) in GBP

Shares repurchased XAMS

366,794 shares

Purchased for cancellation on 24/02/2026 at XAMS in EUR

Shares repurchased CBOE DXE

175,631 shares

Purchased for cancellation on 24/02/2026 at CBOE DXE in EUR

Shares repurchased TQEX

39,385 shares

Purchased for cancellation on 24/02/2026 at TQEX in EUR

Programme start date

05 February 2026

Buy-back programme period start for Morgan Stanley mandate

Programme end date

01 May 2026

Buy-back programme period end for Morgan Stanley mandate

Historical Context

5 past events · Latest: Feb 23

5 events

1. Feb 23

   Share buy-back update

   24h Move

   +0.2%

   Disclosure of 1,028,319 shares repurchased for cancellation under buy-back programme.

2. Feb 20

   Share buy-back update

   24h Move

   -1.4%

   Announcement of 1,595,356 shares purchased and cancelled across UK and EU venues.

3. Feb 19

   Share buy-back update

   24h Move

   +0.1%

   Reporting 3,407,159 shares bought for cancellation as part of ongoing programme.

4. Feb 18

   Share buy-back update

   24h Move

   +2.5%

   Disclosure of 61,955 shares cancelled with VWAPs in GBP and EUR venues.

5. Feb 17

   Share buy-back update

   24h Move

   -1.1%

   Update on 712,623 shares repurchased across multiple venues under buy-back plan.

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, on-market, off-market, UK Listing Rules, +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.

on-market financial

"The on-market limb will be effected within certain pre-set parameters"

On-market describes buying or selling shares directly through a public stock exchange at the current market price, rather than by a private or negotiated deal. Like buying an item from a store at the posted price instead of haggling privately, on-market trades happen quickly, are visible to other investors, and can move the stock price, so they affect liquidity and provide a transparent signal about supply and demand.

off-market financial

"The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market"

Off-market describes a trade or transfer of securities that happens outside a public exchange, where buyers and sellers negotiate directly or use private arrangements rather than submitting orders on the open market. It matters to investors because these deals can change who controls a company or alter share supply without the usual public price signals, like selling a car privately instead of through a dealership — you may get a different price and the wider market may not immediately react.

UK Listing Rules regulatory

"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules"

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

"Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”)"

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

"and the EU MAR Delegated Regulation as “onshored” into UK law ... from time to time (“UK MAR”)"

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.

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

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Transaction in Own Shares   

24 February 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 24 February 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
24/02/2026	353,285	29.9050	29.6500	29.7829	LSE	GBP
24/02/2026	176,801	29.9050	29.6500	29.7825	Chi-X (CXE)	GBP
24/02/2026	79,163	29.9050	29.6500	29.7904	BATS (BXE)	GBP
24/02/2026	366,794	34.3300	34.0000	34.1917	XAMS	EUR
24/02/2026	175,631	34.3250	34.0050	34.1879	CBOE DXE	EUR
24/02/2026	39,385	34.3250	34.0050	34.1803	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_2026-02-24

FAQ

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

How many Shell (SHEL) shares were repurchased on 24 February 2026?

Shell repurchased 1,191,059 shares on 24 February 2026. According to the company, purchases were executed across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX with venue-level VWAPs reported in GBP and EUR.

Is the 24 February 2026 purchase part of Shell’s existing buy-back programme (SHEL)?

Yes. According to the company, the purchases on 24 February 2026 form part of the on- and off-market limbs of the buy-back programme announced 05 February 2026, running through 01 May 2026.

Which broker executed Shell’s (SHEL) buy-back trades and for what period?

Morgan Stanley executed the buy-back trades independently for Shell. According to the company, Morgan Stanley will trade from 05 February 2026 up to and including 01 May 2026 under pre-set parameters.

On which trading venues and currencies did Shell (SHEL) execute the 24 Feb 2026 buy-backs?

Shell executed trades on LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. According to the company, venue-level prices were reported in GBP and EUR with VWAPs supplied.

What regulatory rules govern Shell’s (SHEL) buy-back programme reported 24 February 2026?

The programme is conducted under Chapter 9 of the UK Listing Rules and EU MAR as onshored into UK law. According to the company, the buy-back also follows the EU MAR Delegated Regulation requirements.

Will Shell (SHEL) cancel the shares bought on 24 February 2026?

Yes. According to the company, the shares purchased on 24 February 2026 were bought for cancellation as part of the ongoing repurchase programme, reducing the company’s outstanding share count.