Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed another round of share repurchases as part of its previously announced buyback program. On July 4, 2025, the company purchased a total of 1,649,990 shares across multiple trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

The purchases were made at prices ranging from £26.1150 to £26.3150 on UK venues and €30.4700 to €30.6650 on European venues. This buyback activity is part of Shell's program announced on May 2, 2025, which will continue through July 25, 2025, with BNP PARIBAS SA managing the trades independently.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multi-venue purchase strategy ensures efficient price execution and market liquidity
• Independent management by BNP PARIBAS SA ensures compliance and trading objectivity

Negative

• Capital expenditure on buybacks reduces cash available for operational investments
• Share repurchases may limit funds available for potential strategic acquisitions or debt reduction

News Market Reaction – SHEL

-2.92%

1 alert

-2.92% News Effect

On the day this news was published, SHEL declined 2.92%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

4 July, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 4 July, 2025 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
04/07/2025	535,994	£26.3150	£26.1150	£26.2348	LSE	GBP
04/07/2025	190,138	£26.3150	£26.1150	£26.2230	Chi-X (CXE)	GBP
04/07/2025	103,868	£26.3150	£26.1200	£26.2359	BATS (BXE)	GBP
04/07/2025	510,434	€30.6650	€30.4700	€30.5801	XAMS	EUR
04/07/2025	262,286	€30.6650	€30.4750	€30.5792	CBOE DXE	EUR
04/07/2025	47,280	€30.6550	€30.5000	€30.5598	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 2 May 2025.

In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.

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 BNP PARIBAS SA 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

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2025 07 04

FAQ

How many shares did Shell (SHEL) purchase on July 4, 2025?

Shell purchased a total of 1,649,990 shares across various trading venues, including 535,994 shares on LSE, 190,138 on Chi-X, 103,868 on BATS, and additional shares on European venues.

What is the duration of Shell's current share buyback program?

The current buyback program runs from May 2, 2025 to July 25, 2025, with BNP PARIBAS SA making independent trading decisions during this period.

What was the price range for Shell's share purchases on July 4, 2025?

On UK venues, shares were purchased between £26.1150 and £26.3150, while on European venues, the price range was €30.4700 to €30.6650.

Who manages Shell's share buyback program?

BNP PARIBAS SA manages the trading decisions independently of Shell, operating within pre-set parameters and in accordance with market regulations.

What regulatory frameworks govern Shell's buyback program?

The program is conducted under UK Listing Rules Chapter 9, EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with both UK and EU regulations.