Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) announced on 22 December 2025 that it purchased shares for cancellation under its ongoing buy-back programme (announced 30 October 2025).
Aggregated purchases by trading venue: 735,375 shares on LSE at a VWAP of £27.0718 and 728,790 shares on XAMS at a VWAP of €31.0220, totalling 1,464,165 shares purchased that day. The programme runs through 30 January 2026 with Merrill Lynch International executing trades independently within pre-set parameters and in compliance with UK MAR/EU MAR rules.
Positive
- Total shares repurchased of 1,464,165 on 22/12/2025
- LSE VWAP of £27.0718 for 735,375 shares
- XAMS VWAP of €31.0220 for 728,790 shares
- Buy-back window active through 30 January 2026
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: CVX -0.14%, XOM -0.05%, TTE +0.72%, BP +0.33%, PBR 0%. With SHEL up 1%, today’s action looks more company-specific than a broad sector rotation.
Market Pulse Summary
This announcement detailed further execution of Shell’s share buy-back programme, including purchases of 735,375 shares on the LSE and 728,790 on XAMS for cancellation at disclosed price ranges. The programme ran from 30 October 2025 to 30 January 2026 under Merrill Lynch International’s independent trading. It operated within UK Listing Rules, EU MAR and UK MAR frameworks, so investors would typically watch ongoing buyback volumes, execution prices, and any subsequent capital allocation updates.
Key Terms
uk listing rules regulatory
market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
22 December, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 22 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 |
| 22/12/2025 | 735,375 | 27.1400 | 26.9250 | 27.0718 | LSE | GBP |
| 22/12/2025 | - | - | - | - | Chi-X (CXE) | GBP |
| 22/12/2025 | - | - | - | - | BATS (BXE) | GBP |
| 22/12/2025 | 728,790 | 31.1050 | 30.9050 | 31.0220 | XAMS | EUR |
| 22/12/2025 | - | - | - | - | CBOE DXE | EUR |
| 22/12/2025 | - | - | - | - | 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
How many shares did Shell (SHEL) repurchase on 22 December 2025?
What were the volume-weighted average prices for Shell (SHEL) buybacks on 22/12/2025?
Is Shell's (SHEL) buy-back programme still active and when does it end?
Who executed Shell's (SHEL) share repurchases and under what conditions?
Were any shares bought on venues other than LSE and XAMS for Shell (SHEL) on 22 Dec 2025?
