Transaction in Own Shares
Shell (SHEL) purchased shares for cancellation on 02 December 2025 under its existing buy-back programme announced on 30 October 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Shell (SHEL) purchased shares for cancellation on 02 December 2025 under its existing buy-back programme announced on 30 October 2025. Purchases executed by venue:
- LSE: 745,510 shares, VWAP £27.9828 (high £28.1250 / low £27.7950)
- XAMS: 740,501 shares, VWAP €31.9135 (high €32.0650 / low €31.7000)
Merrill Lynch International is making independent trading decisions for the programme from 30 October 2025 to 30 January 2026. On- and off-market limbs are being executed under UK Listing Rules Chapter 9 and UK MAR/EU MAR requirements, with purchases effected pursuant to the shareholder-approved off-market contract where applicable.
Positive
- 745,510 shares purchased on LSE at VWAP £27.9828
- 740,501 shares purchased on XAMS at VWAP €31.9135
- Purchases made for cancellation, reducing shares outstanding
Negative
- None.
Details
News Market Reaction – SHEL
On Dec 2, the day this news came out, SHEL closed 0.47% below the previous close.
Data tracked by StockTitan Argus for the Dec 2 session.
Key Figures
- Shares repurchased LSE
- 745,510 shares
- Purchased for cancellation on 02/12/2025 at LSE
- VWAP LSE
- £27.9828 per share
- Volume weighted average price on 02/12/2025 at LSE
- Highest price LSE
- £28.1250 per share
- Highest price paid on 02/12/2025 at LSE
- Lowest price LSE
- £27.7950 per share
- Lowest price paid on 02/12/2025 at LSE
- Shares repurchased XAMS
- 740,501 shares
- Purchased for cancellation on 02/12/2025 at XAMS
- VWAP XAMS
- €31.9135 per share
- Volume weighted average price on 02/12/2025 at XAMS
- Buy-back period
- 30 Oct 2025–30 Jan 2026
- Duration in which Merrill Lynch trades independently
- Regulation reference
- Market Abuse Regulation 596/2014/EU
- Framework governing the buy-back programme
Historical Context
-
1,507,757 shares bought back and cancelled under ongoing programme.
-
1,500,759 shares repurchased across LSE and XAMS with stated VWAPs.
-
Multiple-venue buybacks on LSE, BATS and XAMS for cancellation.
-
Confirmed Q3 2025 interim dividend equivalents in USD, EUR and GBP.
-
1,485,081 shares repurchased and cancelled on LSE and XAMS.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
eu mar regulatory
uk mar regulatory
off-market buyback contract financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
02 December, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 02 December, 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 |
| 02/12/2025 | 745,510 | 28.1250 | 27.7950 | 27.9828 | LSE | GBP |
| 02/12/2025 | - | - | - | - | Chi-X (CXE) | GBP |
| 02/12/2025 | - | - | - | - | BATS (BXE) | GBP |
| 02/12/2025 | 740,501 | 32.0650 | 31.7000 | 31.9135 | XAMS | EUR |
| 02/12/2025 | - | - | - | - | CBOE DXE | EUR |
| 02/12/2025 | - | - | - | - | 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 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
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