Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased 1,309,220 shares for cancellation on 21 April 2026 across multiple venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX.

The purchases form part of the on- and off-market limbs of the buy-back programme announced on 05 February 2026 and were executed under pre-set parameters to May 1, 2026.

Positive

• 1,309,220 shares purchased for cancellation on 21 April 2026
• Shares bought across 6 trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX)

Negative

• None.

News Market Reaction – SHEL

+0.75%

1 alert

+0.75% News Effect

On the day this news was published, SHEL gained 0.75%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares purchased (LSE): 407,093 shares VWAP (LSE, GBP): 32.7684 GBP Shares purchased (Chi-X CXE): 177,328 shares +5 more

8 metrics

Shares purchased (LSE) 407,093 shares Repurchased for cancellation on 21/04/2026 at LSE

VWAP (LSE, GBP) 32.7684 GBP Volume weighted average price on 21/04/2026, LSE

Shares purchased (Chi-X CXE) 177,328 shares Repurchased for cancellation on 21/04/2026 at Chi-X (CXE)

Shares purchased (BATS BXE) 66,453 shares Repurchased for cancellation on 21/04/2026 at BATS (BXE)

Shares purchased (XAMS) 387,517 shares Repurchased for cancellation on 21/04/2026 at XAMS

VWAP (XAMS, EUR) 37.6660 EUR Volume weighted average price on 21/04/2026, XAMS

Shares purchased (CBOE DXE) 221,057 shares Repurchased for cancellation on 21/04/2026 at CBOE DXE

Buy-back programme window 05 February 2026 – 01 May 2026 Period during which Morgan Stanley trades independently

Market Reality Check

Price: $89.13 Vol: Volume 5,127,759 is below...

low vol

$89.13 Last Close

Volume Volume 5,127,759 is below the 20-day average 7,946,072 (relative volume 0.65), indicating subdued trading activity before this disclosure. low

Technical Price at 88 is trading above the 200-day moving average of 76.49, reflecting a pre-existing upward trend ahead of this buy-back update.

Peers on Argus

SHEL was modestly higher (0.22%) while key peers showed mixed moves: CVX (-0.68%...

1 Up

SHEL was modestly higher (0.22%) while key peers showed mixed moves: CVX (-0.68%), XOM (0.20%), TTE (0.03%), BP (0.42%), PBR (0.48%). Only EQNR appeared in the momentum scanner, moving up, suggesting this disclosure is more stock-specific than a broad sector rotation.

Common Catalyst A peer, TotalEnergies SE, also reported “Disclosure of Transactions in Own Shares” today, indicating concurrent buy-back activity among integrated oil majors.

Historical Context

5 past events · Latest: Apr 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 17	Share buy-back update	Positive	-4.0%	Reported cancellation of 2,741,165 shares under ongoing repurchase programme.
Apr 16	Share buy-back update	Positive	+1.9%	Disclosed 1,620,931 shares purchased and cancelled across multiple venues.
Apr 15	Share buy-back update	Positive	-1.7%	Announced 1,867,329 shares repurchased for cancellation in Europe.
Apr 13	Share buy-back update	Positive	+0.4%	Detailed 747,124 shares bought back and cancelled under programme.
Apr 13	AGM notice	Neutral	+0.4%	Published 2026 AGM notice and logistics for shareholder participation.

Pattern Detected

Recent buy-back disclosures have produced mixed price reactions, with both gains and declines following similar “Transaction in Own Shares” announcements.

Recent Company History

Over recent weeks, Shell has repeatedly reported daily share repurchases for cancellation under its buy-back programme, including 747,124 shares on Apr 13 2026, 1,867,329 shares on Apr 15 2026, 1,620,931 shares on Apr 16 2026 and 2,741,165 shares on Apr 17 2026. These updates all reference the same programme running from 05 February 2026 to 01 May 2026, with an independent broker executing trades, and have led to both positive and negative next-day price moves.

Market Pulse Summary

This announcement details another day of on- and off-market repurchases for cancellation under Shell...

Analysis

This announcement details another day of on- and off-market repurchases for cancellation under Shell’s existing programme, with venue-level prices in both GBP and EUR and independent execution by Morgan Stanley through 01 May 2026. Recent history shows frequent similar disclosures with varied next-day price moves. Investors may monitor cumulative buy-back activity, execution prices, and how these reductions in share count interact with broader sector trends and the stock’s position above its 200-day MA of 76.49.

Key Terms

share buy-back programme, volume weighted average price, eu mar, uk mar, +2 more

6 terms

share 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 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.

volume weighted average price technical

"Volume weighted average price paid per share | Venue | Currency"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

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 limb will be effected ... 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.

listing rules regulatory

"conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5..."

Listing rules are the set of requirements a stock exchange and regulators impose on companies to join and stay on the exchange, covering things like financial reporting, disclosures, governance and minimum size. They matter to investors because those rules create a basic level of transparency and behavior—think of them as marketplace rules that make it easier to compare sellers, reduce surprises, and protect liquidity and value; breaking the rules can lead to fines, trading suspensions or delisting.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

21 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 21 April 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
21/04/2026	407,093	32.8750	32.6450	32.7684	LSE	GBP
21/04/2026	177,328	32.8750	32.6500	32.7671	Chi-X (CXE)	GBP
21/04/2026	66,453	32.8750	32.6500	32.7702	BATS (BXE)	GBP
21/04/2026	387,517	37.7700	37.5350	37.6660	XAMS	EUR
21/04/2026	221,057	37.7700	37.5350	37.6644	CBOE DXE	EUR
21/04/2026	49,772	37.7700	37.5350	37.6650	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 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_2026-04-21

FAQ

How many shares did Shell (SHEL) repurchase and cancel on 21 April 2026?

Shell repurchased and cancelled 1,309,220 shares on 21 April 2026. According to the company, purchases were executed across six trading venues under its existing buy-back programme announced on 05 February 2026.

What venues and currencies were used for Shell's (SHEL) 21 April 2026 buyback trades?

Trades were executed on LSE, Chi-X, BATS in GBP and XAMS, CBOE DXE, TQEX in EUR. According to the company, this spread reflected on- and off-market limbs of the buy-back programme.

What price ranges did Shell (SHEL) pay for shares on 21 April 2026 during the buyback?

Shell paid between GBP 32.6450–32.8750 and EUR 37.5350–37.7700 per share on 21 April 2026. According to the company, volume-weighted averages were reported per venue for transparency.

Is the 21 April 2026 repurchase part of an ongoing Shell (SHEL) buy-back programme?

Yes. The 21 April trades are part of Shell's buy-back programme announced on 05 February 2026. According to the company, Morgan Stanley will make trading decisions independently up to and including 01 May 2026.

Who executed the buyback trades on behalf of Shell (SHEL) and what oversight applied?

Morgan Stanley & Co. International Plc executed the trades independently on behalf of Shell. According to the company, trades complied with EU MAR, UK MAR and the programme's pre-set parameters through 01 May 2026.