Transaction in Own Shares

Rhea-AI Summary

Shell (NYSE:SHEL) reported a share repurchase on 19 May 2026 as part of its ongoing buy-back programme.

The company bought 225,000 shares on the LSE for cancellation at a volume weighted average price of £32.8939 per share, executed by Goldman Sachs International within regulatory parameters.

AI-generated analysis. Not financial advice.

Key Figures

Shares repurchased: 225,000 shares Highest price paid: £33.0900 per share Lowest price paid: £32.7350 per share +3 more

6 metrics

Shares repurchased 225,000 shares Bought for cancellation on 19 May 2026 (LSE)

Highest price paid £33.0900 per share 19 May 2026 LSE repurchases

Lowest price paid £32.7350 per share 19 May 2026 LSE repurchases

VWAP paid £32.8939 per share Volume weighted average on 19 May 2026 LSE trades

Buy-back window start 7 May 2026 Programme execution period by Goldman Sachs International

Buy-back window end 24 July 2026 Programme execution period by Goldman Sachs International

Market Reality Check

Price: $88.46 Vol: Volume 7,224,126 is below...

normal vol

$88.46 Last Close

Volume Volume 7,224,126 is below the 20-day average of 8,622,663 (relative volume 0.84). normal

Technical Price 88.46 is trading above the 200-day MA at 78.16, and about 6.79% below the 52-week high of 94.9.

Peers on Argus

SHEL was down 0.15% while key peers were mixed: CVX +1.22%, XOM +0.65%, BP +0.54...

SHEL was down 0.15% while key peers were mixed: CVX +1.22%, XOM +0.65%, BP +0.54%, PBR +0.39%, and TTE -0.6%, suggesting a stock-specific move rather than a broad sector rotation.

Historical Context

5 past events · Latest: May 19 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 19	AGM results	Neutral	-0.8%	Shareholder resolutions and AGM voting outcomes disclosed.
May 19	Share buyback	Positive	-0.8%	Repurchase of 231,000 shares for cancellation under buy-back.
May 18	Share buyback	Positive	+3.8%	Repurchase of 1,450,000 shares across multiple venues for cancellation.
May 15	Share buyback	Positive	+1.0%	Buyback of 1,297,296 shares as part of current programme.
May 14	Debt prospectus	Neutral	-0.5%	Approval of base prospectus for multi-currency debt securities programme.

Pattern Detected

Recent buy-back disclosures have produced mixed reactions: one negative, two positive, and modest moves around governance and financing updates.

Recent Company History

Over recent days, Shell reported multiple buy-back transactions, cancelling 1,297,296 to 1,450,000 shares per day at VWAPs around £31.4–£31.7, alongside a smaller 231,000-share repurchase on 18 May 2026. These followed AGM results on 19 May 2026 and a UK debt prospectus approval on 13 May 2026. The latest 19 May 2026 repurchase of 225,000 shares continues this capital return pattern within the May–July 2026 programme executed by Goldman Sachs International.

Market Pulse Summary

This announcement details another step in Shell’s ongoing share buy-back, cancelling 225,000 shares ...

Analysis

This announcement details another step in Shell’s ongoing share buy-back, cancelling 225,000 shares on 19 May 2026 at a VWAP of £32.8939. It extends a May–July 2026 programme executed independently by Goldman Sachs International under UK and EU market abuse rules. In context of recent AGM outcomes and prior buy-back disclosures, the update underscores continued capital returns. Investors may watch future daily volumes, pricing ranges and overall cancellation totals within the programme window.

Key Terms

share buy-back programme, uk listing rules, eu mar, uk mar

4 terms

share buy-back programme financial

"These share purchases form part of the Company's 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.

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 ... 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. Not financial advice.

Transaction in Own Shares

19 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 19 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
19/05/2026	225,000	£ 33.0900	£ 32.7350	£ 32.8939	LSE	GBP
19/05/2026	-	-	-	-	Chi-X (CXE)	GBP
19/05/2026	-	-	-	-	BATS (BXE)	GBP

These share purchases form part of the Company's share buy-back programme previously announced on 7 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 7 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

• 20260519_Shell RNS - full version

FAQ

What did Shell (SHEL) announce about its share buyback on 19 May 2026?

Shell announced it repurchased 225,000 shares for cancellation on 19 May 2026. According to Shell, the shares were bought on the LSE as part of its buy-back programme at a volume weighted average price of £32.8939 per share.

At what prices did Shell (SHEL) repurchase shares on 19 May 2026?

Shell repurchased shares at prices between £32.7350 and £33.0900 on 19 May 2026. According to Shell, the volume weighted average price paid per share on the LSE was £32.8939 during this buy-back transaction.

Which broker is executing Shell (SHEL) share buybacks in May–July 2026?

Goldman Sachs International is executing Shell’s share buybacks from 7 May to 24 July 2026. According to Shell, the broker makes trading decisions independently within pre-set parameters and in line with the company’s general authority to repurchase shares.

On which venues were Shell (SHEL) buyback trades reported for 19 May 2026?

For 19 May 2026, Shell reported buyback activity across the LSE, Chi-X (CXE) and BATS (BXE). According to Shell, 225,000 shares were actually purchased on the LSE, with the other venues listed without reported volumes that day.

Under which regulations is the Shell (SHEL) buy-back programme being conducted in 2026?

Shell’s 2026 buy-back programme is conducted under UK Listing Rules Chapter 9 and MAR rules. According to Shell, it follows EU MAR and UK MAR, including the onshored EU MAR Delegated Regulation and related UK statutory instruments for buy-back programmes.