Transaction in Own Shares

Rhea-AI Summary

Shell (LSE:SHEL) reported that on 17 July 2026 it repurchased a total of 1,885,085 shares for cancellation under its share buy-back programme announced on 7 May 2026. Purchases were executed by Goldman Sachs International across the LSE, Chi-X (CXE) and BATS (BXE) within pre-set parameters.

The prices paid ranged from £31.81 to £32.545 per share, with venue-specific volume-weighted average prices between £32.1786 and £32.2889. Shell stated the programme is being conducted in compliance with UK MAR, EU MAR and related delegated regulations.

News Market Reaction – SHEL

-1.31%

-1.31% News Effect

On the day this news was published, SHEL declined 1.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Shell's current short-interest signal was low, adding positioning context to this buyback disclosure...

Analysis

Shell's current short-interest signal was low, adding positioning context to this buyback disclosure. The programme's stated trading window and compliance parameters remain relevant to monitor, while no recent insider activity was reported.

Key Figures

LSE shares purchased: 518,785 shares Chi-X shares purchased: 103,300 shares BATS shares purchased: 1,263,000 shares +5 more

8 metrics

LSE shares purchased 518,785 shares July 17, 2026 buyback transaction

Chi-X shares purchased 103,300 shares July 17, 2026 buyback transaction

BATS shares purchased 1,263,000 shares July 17, 2026 buyback transaction

LSE average price £32.2060 per share Volume-weighted average price on July 17, 2026

Chi-X average price £32.1786 per share Volume-weighted average price on July 17, 2026

BATS average price £32.2889 per share Volume-weighted average price on July 17, 2026

Programme start 7 May 2026 Previously announced share buyback programme

Programme end 24 July 2026 Goldman Sachs International trading period

Historical Context

5 past events · Latest: Jul 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 16	Share buyback	Positive	+0.5%	Repurchased 3,075,000 shares for cancellation under the announced buyback programme.
Jul 09	Exchange offers	Neutral	-1.0%	Final results accepted restricted notes for registered exchange notes with settlement expected July 13.
Jul 07	Guidance update	Neutral	+4.9%	Updated Q2 outlook covered production, margins, costs, taxation and cash flow.
Jul 06	PDMR shareholding	Neutral	+0.1%	Senior managers received dividend shares across Amsterdam, London and New York.
Jun 30	Voting rights	Neutral	+0.8%	Reported 5,570,928,127 ordinary shares in issue and no treasury shares.

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

Pattern Detected

Shell's prior share-buyback disclosure was followed by a +0.52% 24-hour price reaction, while the broader recent news record was mixed.

Key Terms

buy-back programme, volume weighted average price, eu mar, uk mar

4 terms

buy-back programme financial

"These share purchases form part of the Company's 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.

volume weighted average price technical

"Volume weighted average price paid per share"

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

"Article 5 of the Market Abuse Regulation 596/2014/EU"

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

"EU MAR as "onshored" into UK law"

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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Transaction in Own Shares

17 July, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 17 July, 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
17/07/2026	518,785	£ 32.3400	£ 31.8100	£ 32.2060	LSE	GBP
17/07/2026	103,300	£ 32.3350	£ 31.8150	£ 32.1786	Chi-X (CXE)	GBP
17/07/2026	1,263,000	£ 32.5450	£ 31.8250	£ 32.2889	BATS (BXE)	GBP

These share purchases form part of the Company's share buy-back programme previously announced on 7 May 2026.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 7 May 2026 up to and including 24 July 2026.

Any such share purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares. 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 Goldman Sachs 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

• 20260717_Shell RNS - full version

FAQ

How many Shell (SHEL) shares were bought back on 17 July 2026?

Shell bought back a total of 1,885,085 shares on 17 July 2026. According to Shell, these shares were purchased for cancellation as part of its ongoing share buy-back programme announced on 7 May 2026.

What prices did Shell (SHEL) pay for its shares on 17 July 2026?

Shell paid between £31.81 and £32.545 per share on 17 July 2026. According to Shell, venue-specific volume-weighted average prices ranged from £32.1786 to £32.2889 across LSE, Chi-X (CXE) and BATS (BXE).

On which trading venues did Shell (SHEL) execute its 17 July 2026 buy-back trades?

Shell executed its 17 July 2026 buy-back trades on the LSE, Chi-X (CXE) and BATS (BXE). According to Shell, Goldman Sachs International carried out the purchases independently under the company’s pre-set parameters and regulatory framework.

Is the 17 July 2026 Shell (SHEL) share repurchase part of a larger buy-back programme?

Yes, the 17 July 2026 repurchase is part of Shell’s broader share buy-back programme. According to Shell, this programme was announced on 7 May 2026 and runs up to and including 24 July 2026 under an arrangement with Goldman Sachs International.

Who manages trading decisions for Shell’s (SHEL) buy-back between 7 May and 24 July 2026?

Trading decisions are made by Goldman Sachs International independently of Shell during this period. According to Shell, Goldman Sachs executes purchases within pre-set parameters as part of the authorised share buy-back programme.

How is Shell’s 17 July 2026 share buy-back compliant with UK MAR and EU MAR rules?

Shell states its 17 July 2026 buy-back is conducted in line with UK MAR, EU MAR and related delegated regulations. According to Shell, all trades follow the company’s general repurchase authority and applicable market abuse and buy-back programme rules.