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Transaction in Own Shares

Shell plc (SHEL) announced on 19 December 2025 that it purchased shares for cancellation under its existing buy‑back programme.

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Shell plc (SHEL) announced on 19 December 2025 that it purchased shares for cancellation under its existing buy‑back programme.

Aggregated trades on 19/12/2025: 969,970 shares on LSE at a VWAP of £26.8356 (price range £26.5750–£27.0200) and 997,696 shares on XAMS at a VWAP of €30.6483 (price range €30.4000–€30.9000), totalling 1,967,666 shares purchased for cancellation.

Trades were made by Merrill Lynch International independently under the company’s on‑ and off‑market buy‑back authorities; the programme runs through 30 January 2026 and complies with UK MAR and EU MAR onshored rules.

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Positive

  • Total shares purchased for cancellation: 1,967,666 on 19 Dec 2025
  • LSE VWAP £26.8356 and XAMS VWAP €30.6483
  • Purchases executed by Merrill Lynch International under authorised buy‑back programme through 30 Jan 2026

Negative

  • None.
Argus Dec 19 session
+1.00% close to close Open Argus
Details

News Market Reaction – SHEL

On Dec 19, the day this news came out, SHEL closed 1.00% above the previous close.

Data tracked by StockTitan Argus for the Dec 19 session.

Market Context

This announcement details another day of buy-back executions under Shell’s programme running from 30...
Analysis

This announcement details another day of buy-back executions under Shell’s programme running from 30 October 2025 to 30 January 2026, with shares repurchased on LSE and XAMS for cancellation. Recent history shows similar daily disclosures with varying short-term price impacts. Investors may focus on the cumulative number of shares cancelled, consistency of trading across venues, and accompanying regulatory filings that confirm the programme’s adherence to UK MAR and related listing rules.

Key Figures

LSE shares bought: 969,970 shares LSE VWAP: 26.8356 GBP LSE price range: 26.5750–27.0200 GBP +5 more
LSE shares bought
969,970 shares
Repurchased for cancellation on 19 Dec 2025 at LSE
LSE VWAP
26.8356 GBP
Volume weighted average price on 19 Dec 2025 LSE trades
LSE price range
26.5750–27.0200 GBP
Lowest to highest price paid on LSE 19 Dec 2025
XAMS shares bought
997,696 shares
Repurchased for cancellation on 19 Dec 2025 at XAMS
XAMS VWAP
30.6483 EUR
Volume weighted average price on 19 Dec 2025 XAMS trades
XAMS price range
30.4000–30.9000 EUR
Lowest to highest price paid on XAMS 19 Dec 2025
Programme window
30 Oct 2025–30 Jan 2026
Period where Merrill Lynch trades independently under buy-back
Current price
$71.31
Pre-news price, about 7.95% below 52-week high $77.47

Historical Context

5 past events · Latest: Dec 17
5 events
  1. Dec 17

    Share buy-back update

    24h Move
    +1.6%

    Disclosure of 1,504,212 shares repurchased and cancelled on 17 Dec 2025.

  2. Dec 16

    Share buy-back update

    24h Move
    -2.5%

    Report of 2,393,719 shares bought back across LSE and XAMS venues.

  3. Dec 15

    Share buy-back update

    24h Move
    -0.1%

    Announcement of 1,512,085 shares repurchased for cancellation on 15 Dec.

  4. Dec 12

    Share buy-back update

    24h Move
    -0.7%

    Disclosure of 1,518,111 shares cancelled as part of ongoing programme.

  5. Dec 11

    Share buy-back update

    24h Move
    -0.0%

    Report of 1,509,607 shares repurchased under existing buy-back plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

buy-back programme
A buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.
off-market buyback contract
An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.
volume weighted average price
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. How Rhea-AI works. Not financial advice.

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Transaction in Own Shares   

19 December, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 19 December, 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid

 
Lowest price paid

 
Volume weighted average price paid per shareVenueCurrency
19/12/2025969,97027.020026.575026.8356LSEGBP
19/12/2025----Chi-X (CXE)
GBP
19/12/2025----BATS (BXE)
GBP
19/12/2025997,69630.900030.400030.6483XAMSEUR
19/12/2025----CBOE DXEEUR
19/12/2025----TQEXEUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch 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


FAQ

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

How many Shell (SHEL) shares were repurchased on 19 December 2025?

Shell repurchased a total of 1,967,666 shares on 19 December 2025.

What were the VWAPs for Shell (SHEL) buybacks on 19 Dec 2025 on LSE and XAMS?

The VWAP was £26.8356 on LSE and €30.6483 on XAMS.

Who executed the Shell (SHEL) share purchases on behalf of the company?

Merrill Lynch International executed the trades independently on behalf of Shell.

Are the 19 Dec 2025 share purchases by Shell (SHEL) part of a larger buy‑back programme?

Yes, the purchases form part of Shell’s on‑ and off‑market buy‑back programme announced earlier and running to 30 January 2026.

Were the Shell (SHEL) buybacks on 19 Dec 2025 conducted in compliance with market rules?

Yes, the programme was conducted in accordance with UK MAR and the EU MAR Delegated Regulation as onshored into UK law.

What price ranges were paid for Shell (SHEL) shares on 19 Dec 2025?

On LSE the range was £26.5750–£27.0200; on XAMS the range was €30.4000–€30.9000.

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