Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased shares for cancellation on 14 November 2025 as part of its ongoing buy-back programme announced on 30 October 2025. Aggregated on‑venue purchases reported: 728,468 shares on LSE at a volume‑weighted average price of £28.5323, and 726,106 shares on XAMS at a volume‑weighted average price of €32.3937, totalling 1,454,574 shares purchased that day.

The programme is managed under pre-set parameters with Merrill Lynch International making independent trading decisions from 30 October 2025 through 30 January 2026, and is conducted in compliance with UK MAR, EU MAR Delegated Regulation and Chapter 9 of the UK Listing Rules.

Positive

• Purchased 1,454,574 shares for cancellation on 14 Nov 2025
• Merrill Lynch to trade independently from 30 Oct 2025 to 30 Jan 2026

Negative

• None.

News Market Reaction

-0.21%

1 alert

-0.21% News Effect

On the day this news was published, SHEL declined 0.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares   

14 November, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 14 November, 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
14/11/2025	728,468	28.7600	28.3050	28.5323	LSE	GBP
14/11/2025	-	-	-	-	Chi-X (CXE)	GBP
14/11/2025	-	-	-	-	BATS (BXE)	GBP
14/11/2025	726,106	32.5700	32.1150	32.3937	XAMS	EUR
14/11/2025	-	-	-	-	CBOE DXE	EUR
14/11/2025	-	-	-	-	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

• 2025.11.14 Shell RNS (with fills)

FAQ

How many shares did Shell (SHEL) buy back on 14 November 2025?

Shell purchased a total of 1,454,574 shares for cancellation on 14 Nov 2025 (728,468 on LSE and 726,106 on XAMS).

What were the VWAPs Shell (SHEL) paid on 14 November 2025?

The volume‑weighted average prices were £28.5323 per share on LSE and €32.3937 per share on XAMS.

Is Shell's buy-back programme time-limited and who manages it for SHEL?

Yes; Merrill Lynch International will make independent trading decisions for the programme from 30 Oct 2025 up to and including 30 Jan 2026.

Was Shell's 14 Nov 2025 buyback conducted under regulatory rules for SHEL?

Yes; the programme is conducted in accordance with UK MAR, the EU MAR Delegated Regulation and Chapter 9 of the UK Listing Rules.

Which trading venues did Shell (SHEL) report trades on 14 November 2025?

Reported venues with purchases were LSE and XAMS; other listed venues showed no trades that day.

Where can investors find more details about Shell's (SHEL) buy-back disclosure?

Detailed trade fills and enquiries are available via Shell's investor/media contacts and the attachment titled 2025.11.14 Shell RNS (with fills).