Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased a total of 1,127,688 shares for cancellation on 10 February 2026 across six trading venues, as part of its existing on‑ and off‑market buy‑back programme announced 5 February 2026.

Purchases were executed on LSE, Chi‑X, BATS, XAMS, CBOE DXE and TQEX with venue VWAPs shown in the table; Morgan Stanley will trade independently for the programme until 1 May 2026.

Positive

• Shares purchased: 1,127,688 on 10 February 2026
• Buy‑back executed across on‑market and off‑market limbs
• Morgan Stanley to trade independently through 01 May 2026

Negative

• None.

News Market Reaction

+0.13%

1 alert

+0.13% News Effect

On the day this news was published, SHEL gained 0.13%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Daily move: 3.33% Buyback size: $3.5 billion London buyback tranche: $1.75 billion +5 more

8 metrics

Daily move 3.33% Price change over the last 24 hours prior to this news

Buyback size $3.5 billion Share buyback programme announced Feb 5, 2026

London buyback tranche $1.75 billion Portion of $3.5bn programme via London contract

Netherlands buyback tranche $1.75 billion Portion of $3.5bn programme via Netherlands contract

Maximum shares 400,000,000 shares Maximum ordinary shares under buyback to be cancelled

Dividend per share US$0.372 Q4 2025 interim dividend per ordinary share

Dividend per ADS US$0.744 Q4 2025 interim dividend per ADS

Shares repurchased 1,637,748 shares Ordinary shares bought back and cancelled on Feb 6, 2026

Market Reality Check

Price: $80.23 Vol: Today's volume 5,495,946 ...

normal vol

$80.23 Last Close

Volume Today's volume 5,495,946 vs 20-day average 6,537,134 (relative volume 0.84x). normal

Technical Price 77.8 is above 200-day MA 71.89 and within sight of 52-week high 79.3.

Peers on Argus

SHEL is up 3.33% while large integrated peers CVX, XOM, TTE, BP and PBR show sma...

1 Down

SHEL is up 3.33% while large integrated peers CVX, XOM, TTE, BP and PBR show smaller positive moves (0.61–2.55% intraday), and the momentum scanner flags only BP with a downside move, indicating this buyback disclosure appears more stock-specific than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 06	Daily buyback update	Positive	+0.9%	Disclosure of 1,637,748 shares repurchased and cancelled under ongoing programme.
Feb 06	Audit tender result	Neutral	+0.9%	Board selects PwC as future external auditor from 2027, subject to approval.
Feb 05	Daily buyback update	Positive	-5.3%	Repurchase of 1,588,690 shares for cancellation across UK and EU venues.
Feb 05	Buyback launch	Positive	-5.3%	Announcement of $3.5bn buyback split between London and Netherlands contracts.
Feb 05	Dividend declaration	Positive	-5.3%	Q4 2025 interim dividend announced with per-share and ADS amounts and key dates.

Pattern Detected

Recent capital return actions (dividends and buybacks) sometimes saw negative next-day moves, indicating occasional divergence between supportive news and price reaction.

Recent Company History

Over the past week, Shell has focused on capital returns and governance. It announced a $3.5 billion buyback on Feb 5, 2026, followed by daily disclosures of shares repurchased and cancelled. A Q4 2025 interim dividend of US$0.372 per share and US$0.744 per ADS was also declared. An audit tender outcome named PwC as future external auditor from the year ending Dec 31, 2027. Today’s additional buyback transactions follow the same multi-venue cancellation pattern under pre-set parameters.

Market Pulse Summary

This announcement details another day of on- and off-market share purchases for cancellation under S...

Analysis

This announcement details another day of on- and off-market share purchases for cancellation under Shell’s existing buyback, executed independently by Morgan Stanley within pre-set parameters. It follows the recently launched $3.5 billion programme and prior multi-million-share cancellations. Alongside the Q4 2025 interim dividend of US$0.372 per share, the news highlights a continued capital return focus. Investors may track ongoing daily buyback volumes, execution venues, and any future updates to programme size or timing.

Key Terms

volume weighted average price

1 terms

volume weighted average price technical

"Volume weighted average price paid per share | Venue | Currency"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

10 February 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 10 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
10/02/2026	357,254	28.7000	28.1250	28.4169	LSE	GBP
10/02/2026	149,430	28.7000	28.1400	28.4197	Chi-X (CXE)	GBP
10/02/2026	60,147	28.7000	28.1700	28.4157	BATS (BXE)	GBP
10/02/2026	309,593	33.1100	32.3900	32.7148	XAMS	EUR
10/02/2026	216,126	33.1000	32.3900	32.7235	CBOE DXE	EUR
10/02/2026	35,138	33.1000	32.4600	32.7354	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_2026-02-10

FAQ

How many shares did Shell (SHEL) repurchase on 10 February 2026?

Shell repurchased 1,127,688 shares on 10 February 2026. According to Shell, purchases occurred across six venues with per‑venue numbers and VWAPs disclosed by trading venue.

Which trading venues did Shell (SHEL) use for the 10 February 2026 buyback?

Shell executed buybacks on LSE, Chi‑X, BATS, XAMS, CBOE DXE and TQEX. According to Shell, the table lists per‑venue volumes and VWAPs for each trade on that date.

What prices did Shell (SHEL) pay for shares in the 10 February 2026 buyback?

VWAPs ranged by venue; UK venues near 28.4169–28.4197 GBP, European venues near 32.7148–32.7354 EUR. According to Shell, highest and lowest trade prices per venue are also reported.

Is the 10 February 2026 buyback part of a larger Shell (SHEL) programme?

Yes. The purchases form part of Shell's existing on‑ and off‑market buy‑back programme announced 5 February 2026. According to Shell, the programme follows UK MAR and EU MAR rules.

Who is executing trades for Shell's (SHEL) buy‑back programme and for how long?

Morgan Stanley & Co. International Plc is making trading decisions independently for Shell under the programme until 01 May 2026. According to Shell, trades are made within preset parameters and authorities.