Transaction in Own Shares

Shell (SHEL) purchased and cancelled 693,729 ordinary shares on 01 May 2026 under its existing buy‑back programme.

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.

Argus May 1 session

-1.86% close to close Open Argus

Details

News Market Reaction – SHEL

On May 1, the day this news came out, SHEL closed 1.86% below the previous close.

Data tracked by StockTitan Argus for the May 1 session.

Key Figures

Shares purchased (LSE): 457,396 VWAP (LSE): 33.1349 GBP Shares purchased (Chi-X): 160,854 +5 more

Shares purchased (LSE)

457,396

On-market purchases on LSE on 01/05/2026 for cancellation

VWAP (LSE)

33.1349 GBP

Volume weighted average price on LSE 01/05/2026

Shares purchased (Chi-X)

160,854

On-market purchases on Chi-X (CXE) 01/05/2026 for cancellation

VWAP (Chi-X)

33.0912 GBP

Volume weighted average price on Chi-X (CXE) 01/05/2026

Shares purchased (BATS)

75,479

On-market purchases on BATS (BXE) 01/05/2026 for cancellation

VWAP (BATS)

33.0843 GBP

Volume weighted average price on BATS (BXE) 01/05/2026

Highest price paid

33.4100 GBP

Maximum per-share price paid across venues on 01/05/2026

Lowest price paid

32.5950 GBP

Minimum per-share price paid across venues on 01/05/2026

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Share buyback

   24h Move

   +1.5%

   Purchase and cancellation of 1.40M shares under ongoing buyback programme.

2. Apr 28

   Share buyback

   24h Move

   +0.8%

   Company repurchased and cancelled 1.38M shares across multiple venues.

3. Apr 27

   Acquisition announcement

   24h Move

   -2.5%

   Agreement to acquire ARC Resources, adding production, reserves and growth.

4. Apr 24

   Share buyback

   24h Move

   -0.2%

   1.45M shares purchased for cancellation under February 2026 buyback plan.

5. Apr 23

   Share buyback

   24h Move

   -0.3%

   1.32M shares repurchased and cancelled with disclosed VWAPs in GBP and EUR.

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

Key Terms

buy-back programme, EU MAR, UK MAR, off-market buyback contract, +1 more

5 terms

buy-back programme financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share 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.

EU MAR regulatory

"...dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law..."

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

"...from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052..."

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.

off-market buyback contract financial

"...off-market pursuant to the off-market buyback contract approved by its shareholders..."

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.

on-market limb financial

"The on-market limb will be effected within certain pre-set parameters..."

An on-market limb is the part of a takeover or share-purchase arrangement where shares are bought directly through the stock exchange at current market prices, rather than through private, negotiated off-exchange deals. For investors it matters because on-market purchases happen publicly and at prevailing prices, which can affect the stock’s trading price, liquidity and how quickly ownership changes hands — like buying items from a store shelf versus arranging a private sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

Attachment

• Shell_PDF_2026-05-01

FAQ

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

How many shares did Shell (SHEL) buy back on 01 May 2026?

Shell bought and cancelled 693,729 shares on 01 May 2026. According to the company, purchases were split across LSE, Chi‑X and BATS, executed under the firm’s ongoing share buy‑back programme and trading parameters.

What were the VWAPs Shell (SHEL) paid during the 01 May 2026 buyback?

The reported volume‑weighted average prices were approximately £33.13 per share across venues. According to the company, VWAPs were 33.1349 (LSE), 33.0912 (Chi‑X) and 33.0843 (BATS).

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

Morgan Stanley & Co. International Plc executed trades independently for the buy‑back programme. According to the company, Morgan Stanley operated from 05 February 2026 up to and including 01 May 2026 under pre‑set parameters.

Was the Shell (SHEL) 01 May 2026 buyback on‑market or off‑market?

The purchases formed part of both on‑market and off‑market limbs of the programme. According to the company, on‑market trades used the company’s general authority and off‑market trades followed the shareholder‑approved contract.