Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) purchased and cancelled 693,729 ordinary shares on 01 May 2026 under its existing buy‑back programme. Purchases by venue: LSE 457,396 (VWAP £33.1349), Chi‑X 160,854 (VWAP £33.0912), BATS 75,479 (VWAP £33.0843).
The trades were executed by Morgan Stanley & Co. International Plc within pre‑set parameters and in accordance with UK MAR and the company’s shareholder‑approved off‑market authority.
Positive
- Shares purchased: 693,729 on 01 May 2026
- On‑exchange purchases on LSE, Chi‑X, BATS
- Volume‑weighted average prices near £33.13 per share
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Major peers Chevron, ExxonMobil, TotalEnergies, BP and Petrobras all show positive moves between 1.25% and 1.83%, broadly aligning with SHEL’s 1.98% gain and pointing to a supportive large-cap energy tape alongside the buyback.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | Share buyback | Positive | +1.5% | Purchase and cancellation of 1.40M shares under ongoing buyback programme. |
| Apr 28 | Share buyback | Positive | +0.8% | Company repurchased and cancelled 1.38M shares across multiple venues. |
| Apr 27 | Acquisition announcement | Positive | -2.5% | Agreement to acquire ARC Resources, adding production, reserves and growth. |
| Apr 24 | Share buyback | Positive | -0.2% | 1.45M shares purchased for cancellation under February 2026 buyback plan. |
| Apr 23 | Share buyback | Positive | -0.3% | 1.32M shares repurchased and cancelled with disclosed VWAPs in GBP and EUR. |
Repeated buyback disclosures have usually led to modest price reactions, while the recent large acquisition headline coincided with a more pronounced negative move.
Over late April 2026, Shell reported multiple daily buyback transactions, typically cancelling 1.3–1.4 million shares per day across European venues. These announcements on Apr 23, 24, 28 and 29 produced small mixed price moves between about -0.25% and +1.51%. On Apr 27, Shell announced an agreement to acquire ARC Resources, adding significant production and reserves; that deal saw a -2.49% next-day move. Today’s smaller-scale buyback disclosure fits the continuing capital return pattern following the acquisition news.
Market Pulse Summary
This announcement details further on- and off-market repurchases under Shell’s existing buy-back programme, with specific volumes and prices across LSE, Chi-X and BATS on 01 May 2026. It continues a pattern of daily cancellations of roughly 1.3–1.4 million shares seen in late April. Investors may track how consistently Shell executes these buybacks relative to major events like the ARC Resources acquisition and broader integrated oil earnings trends.
Key Terms
buy-back programme financial
EU MAR regulatory
UK MAR regulatory
off-market buyback contract financial
on-market limb financial
AI-generated analysis. Not financial advice.
Transaction in Own Shares
01 May 2026
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 01 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 |
| 01/05/2026 | 457,396 | 33.4100 | 32.6200 | 33.1349 | LSE | GBP |
| 01/05/2026 | 160,854 | 33.4100 | 32.5950 | 33.0912 | Chi-X (CXE) | GBP |
| 01/05/2026 | 75,479 | 33.4050 | 32.6200 | 33.0843 | BATS (BXE) | GBP |
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
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