Transaction in Own Shares

Rhea-AI Summary

Shell announced share repurchases conducted on June 2, 2025, as part of its existing buyback programme announced on May 2, 2025. The company purchased a total of 635,000 shares on LSE, Chi-X, and BATS in GBP, with prices ranging from £24.44 to £24.85. Additionally, 635,000 shares were acquired across XAMS, CBOE DXE, and TQEX in EUR, with prices between €29.14 and €29.60. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, under both on-market and off-market arrangements, following UK Listing Rules and Market Abuse Regulations.

Positive

• Continuation of share buyback program demonstrates strong financial position and commitment to returning value to shareholders
• Multiple trading venues and currencies (GBP/EUR) show strategic approach to share repurchases
• Independent management by BNP PARIBAS SA ensures compliance and professional execution

Negative

• None.

Insights

Financial Markets Analyst

Shell continues executing its previously announced share buyback program, repurchasing 1.27 million shares across multiple venues.

Shell's latest transaction report shows the company purchased approximately 1.27 million shares for cancellation on June 2, 2025, as part of its ongoing buyback program announced on May 2. The company executed purchases across six different trading venues, with 635,000 shares acquired on UK exchanges at prices ranging from £24.45 to £24.85, and another 635,000 shares on European exchanges at prices between €29.15 and €29.60.

This share repurchase activity represents the continuation of Shell's capital return strategy through both on-market and off-market mechanisms. The buyback program is being independently managed by BNP PARIBAS SA and will continue until July 25, 2025. The share cancellations should incrementally improve per-share metrics for remaining shareholders by reducing the outstanding share count.

The systematic nature of these buybacks suggests Shell's board remains confident in the company's cash generation capabilities. By executing purchases across multiple venues with a volume-weighted average price of approximately £24.70 in the UK and €29.44 in Europe, Shell is demonstrating disciplined capital allocation while complying with relevant market regulations including UK Listing Rules and Market Abuse Regulations.

Transaction in Own Shares

2 June, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 2 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
02/06/2025	426,488	£24.8500	£24.4450	£24.6990	LSE	GBP
02/06/2025	132,159	£24.8500	£24.4500	£24.6990	Chi-X (CXE)	GBP
02/06/2025	76,353	£24.8450	£24.4800	£24.6987	BATS (BXE)	GBP
02/06/2025	389,942	€29.6000	€29.1450	€29.4380	XAMS	EUR
02/06/2025	191,395	€29.6000	€29.1650	€29.4461	CBOE DXE	EUR
02/06/2025	53,663	€29.6000	€29.2050	€29.4249	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 02

FAQ

How many shares did Shell (SHEL) purchase on June 2, 2025?

Shell purchased approximately 1.27 million shares total across various venues: 635,000 shares in GBP (LSE, Chi-X, BATS) and 635,000 shares in EUR (XAMS, CBOE DXE, TQEX).

What was the price range for Shell's share buyback on June 2, 2025?

In GBP, shares were purchased between £24.44 and £24.85. In EUR, shares were purchased between €29.14 and €29.60.

When does Shell's current share buyback program end?

The current share buyback program, managed by BNP PARIBAS SA, runs from May 2, 2025, until July 25, 2025.

Who is managing Shell's share buyback program?

BNP PARIBAS SA is independently managing the trading decisions for Shell's buyback program.

On which exchanges is Shell (SHEL) conducting its share buybacks?

Shell is conducting buybacks on multiple venues including LSE, Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX.