Who executed the Shell (SHEL) share purchases on 24 March 2026 and did they act independently?

Morgan Stanley & Co. International Plc executed the trades and will make trading decisions independently of Shell through 01 May 2026. According to the company, this independence applies to the programme's trading period.

Transaction in Own Shares

Q: How many shares did Shell (SHEL) repurchase on 24 March 2026?

Shell repurchased 430,308 shares for cancellation on 24 March 2026. According to the company, purchases occurred across six trading venues in GBP and EUR as part of its existing buy‑back programme.

Q: What trading venues were used for Shell's (SHEL) 24 March 2026 buy‑back?

Shell's repurchases on 24 March 2026 were executed on LSE, Chi‑X, BATS, XAMS, CBOE DXE, and TQEX. According to the company, trades were split between GBP and EUR venues under the programme.

Q: Were the shares purchased by Shell (SHEL) on 24 March 2026 cancelled or retained?

The shares repurchased on 24 March 2026 were purchased for cancellation. According to the company, these purchases form part of the on‑ and off‑market limbs of the existing buy‑back programme.

Shell (SHEL) purchased 430,308 shares for cancellation on 24 March 2026 across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX) in GBP and EUR.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Shell (SHEL) purchased 430,308 shares for cancellation on 24 March 2026 across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX) in GBP and EUR. Purchases are part of the buy‑back programme announced on 05 February 2026 and were executed by Morgan Stanley & Co. International Plc.

The transactions were effected under the on‑ and off‑market limbs of the existing programme and in accordance with EU MAR and UK MAR; Morgan Stanley will trade independently through 01 May 2026.

Positive

430,308 shares repurchased for cancellation on 24 March 2026
Buy‑back executed across six venues in GBP and EUR, showing multi‑market execution
Programme active under the buy‑back announced 05 February 2026, continuing through 01 May 2026

Negative

None.

Argus Mar 24 session

+0.45% close to close Open Argus

Details

News Market Reaction – SHEL

On Mar 24, the day this news came out, SHEL closed 0.45% above the previous close.

Data tracked by StockTitan Argus for the Mar 24 session.

Key Figures

Shares repurchased LSE: 140,749 Shares repurchased Chi-X: 52,267 Shares repurchased BATS: 14,744 +5 more

Shares repurchased LSE: 140,749; 24/03/2026 LSE purchases for cancellation
Shares repurchased Chi-X: 52,267; 24/03/2026 Chi-X (CXE) purchases for cancellation
Shares repurchased BATS: 14,744; 24/03/2026 BATS (BXE) purchases for cancellation
Shares repurchased XAMS: 135,183; 24/03/2026 XAMS purchases for cancellation
Shares repurchased CBOE DXE: 70,458; 24/03/2026 CBOE DXE purchases for cancellation
Shares repurchased TQEX: 16,907; 24/03/2026 TQEX purchases for cancellation
Highest GBP price LSE: 34.3950; Highest price paid per share on LSE 24/03/2026
VWAP EUR XAMS: 39.2440; Volume-weighted average price per share on XAMS 24/03/2026

Historical Context

5 past events · Latest: Mar 23

5 events

Mar 23
Share buy-back update

24h Move

+0.3%

Daily disclosure of 3,208,307 shares repurchased and cancelled under buy-back.
Mar 20
Share buy-back update

24h Move

-0.8%

1,331,562 shares repurchased for cancellation across six venues as part of programme.
Mar 19
Share buy-back update

24h Move

-1.7%

1,578,317 shares bought back with VWAPs near GBP 34.45 and EUR 39.95.
Mar 19
Operational facilities update

24h Move

-1.7%

Qatar LNG production shutdown after incident at Ras Laffan; safety confirmed.
Mar 18
Share buy-back update

24h Move

+0.8%

18 March disclosure of 1,618,100 shares repurchased and cancelled under programme.

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

Key Terms

share buy-back programme, off-market buyback contract, uk listing rules, eu mar, +1 more

5 terms

off-market buyback contract financial

"...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..."

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.

uk listing rules regulatory

"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..."

UK listing rules are a set of regulations that companies must follow to be officially listed on a UK stock exchange. These rules ensure that companies provide clear, accurate, and sufficient information to protect investors and maintain market confidence, similar to how safety standards ensure products are reliable. Adhering to these rules is important for investors because it helps them make informed decisions about buying or selling company shares.

eu mar regulatory

"...buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period..."

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.

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

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03/24/2026 - 01:26 PM EDT

Transaction in Own Shares

24 March 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 24 March 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
24/03/2026	140,749	34.3950	33.6300	33.9578	LSE	GBP
24/03/2026	52,267	34.4050	33.6300	33.9510	Chi-X (CXE)	GBP
24/03/2026	14,744	34.3750	33.7550	34.0026	BATS (BXE)	GBP
24/03/2026	135,183	39.6450	38.9550	39.2440	XAMS	EUR
24/03/2026	70,458	39.6100	38.9650	39.2038	CBOE DXE	EUR
24/03/2026	16,907	39.5300	38.9650	39.1651	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_2026-03-24

FAQ

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

How many shares did Shell (SHEL) repurchase on 24 March 2026?

Shell repurchased 430,308 shares for cancellation on 24 March 2026. According to the company, purchases occurred across six trading venues in GBP and EUR as part of its existing buy‑back programme.

What trading venues were used for Shell's (SHEL) 24 March 2026 buy‑back?

Shell's repurchases on 24 March 2026 were executed on LSE, Chi‑X, BATS, XAMS, CBOE DXE, and TQEX. According to the company, trades were split between GBP and EUR venues under the programme.

Is Shell's (SHEL) 24 March 2026 buy‑back part of a larger programme and what is its timeframe?

Yes. The purchases are part of the buy‑back programme announced on 05 February 2026, with Morgan Stanley trading independently for the programme through 01 May 2026, according to the company.

Were the shares purchased by Shell (SHEL) on 24 March 2026 cancelled or retained?

The shares repurchased on 24 March 2026 were purchased for cancellation. According to the company, these purchases form part of the on‑ and off‑market limbs of the existing buy‑back programme.

Transaction in Own Shares