Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on June 3, 2025, as part of its existing buyback program announced on May 2, 2025. The company purchased a total of 680,000 shares on the London Stock Exchange and related venues in GBP, with prices ranging from £24.66 to £25.055. Additionally, approximately 610,000 shares were purchased on European exchanges in EUR, with prices ranging from €29.36 to €29.92. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, with the program conducted under UK and EU market regulations. The purchases are part of both on-market and off-market components of Shell's share buyback program.

Positive

• Ongoing share buyback program demonstrates strong financial position and commitment to returning value to shareholders
• Multiple trading venues utilized for efficient execution of the buyback program
• Independent management by BNP PARIBAS SA ensures compliance with market regulations

Negative

• None.

Insights

Financial Analyst

Shell continues its share buyback program, repurchasing 1.29M shares across multiple venues as part of its pre-announced capital return strategy.

Shell's latest share buyback transaction represents ongoing execution of its previously announced repurchase program. On June 3, 2025, the company acquired approximately 1.29 million shares across multiple trading venues, with 680,000 shares purchased in GBP markets at a volume-weighted average price of £24.82, and 610,000 shares in EUR markets at approximately €29.57.

This repurchase activity is part of Shell's broader buyback strategy announced on May 2, 2025, which will continue through July 25, 2025. The company has engaged BNP PARIBAS SA to independently execute these purchases within pre-established parameters, ensuring compliance with relevant UK Listing Rules and Market Abuse Regulations.

Share buybacks typically indicate management's confidence in the company's financial position and represent a tax-efficient method of returning capital to shareholders. By reducing the number of outstanding shares, buybacks can enhance earnings per share metrics even without operational growth. For Shell specifically, this program reflects the company's strong cash generation capabilities in the current energy market environment.

The structured nature of this program, with both on-market and off-market components and independent execution by BNP PARIBAS, demonstrates Shell's commitment to disciplined capital allocation while maintaining regulatory compliance. These ongoing repurchases signal continuity in Shell's shareholder return strategy amid the evolving energy landscape.

Transaction in Own Shares

3 June, 2025

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Shell plc (the ‘Company’) announces that on 3 June, 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
03/06/2025	460,700	£25.0550	£24.6600	£24.8229	LSE	GBP
03/06/2025	124,809	£25.0450	£24.6650	£24.8236	Chi-X (CXE)	GBP
03/06/2025	94,491	£25.0550	£24.6650	£24.8169	BATS (BXE)	GBP
03/06/2025	404,063	€29.9200	€29.3600	€29.5669	XAMS	EUR
03/06/2025	149,267	€29.9200	€29.3600	€29.5743	CBOE DXE	EUR
03/06/2025	56,670	€29.7500	€29.3600	€29.5144	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 2 May 2025.

In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.

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 BNP PARIBAS SA 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

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2025 06 03

FAQ

How many shares did Shell (SHEL) purchase on June 3, 2025?

Shell purchased approximately 1.29 million shares total, including 680,000 shares in GBP (LSE, Chi-X, BATS) and 610,000 shares in EUR (XAMS, CBOE DXE, TQEX).

What is the price range for Shell's share buyback on June 3, 2025?

On LSE and related venues, shares were purchased between £24.66 and £25.055. On European exchanges, prices ranged from €29.36 to €29.92.

When will Shell's current share buyback program end?

The current share buyback program, managed by BNP PARIBAS SA, will continue until July 25, 2025.

What is the purpose of Shell's share buyback program?

The buyback program aims to return value to shareholders through both on-market and off-market share repurchases, with shares being bought for cancellation.