Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has announced its latest share buyback transaction completed on July 24, 2025. The company purchased shares across multiple venues, including 882,000 shares on London exchanges (LSE, Chi-X, BATS) at a volume-weighted average price ranging from £26.43 to £26.83, and 830,000 shares on European exchanges (XAMS, CBOE DXE, TQEX) at prices between €30.60 and €31.07.

The purchases are part of Shell's share buyback programme announced on May 2, 2025, with BNP PARIBAS SA managing the trading decisions independently until July 25, 2025. The programme includes both on-market and off-market repurchases, conducted in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Continued execution of shareholder return program through systematic share buybacks
• Diversified purchase strategy across multiple trading venues optimizing execution
• Independent management by BNP Paribas ensures market compliance and trading efficiency

Negative

• Capital expenditure on buybacks reduces cash available for operational investments

Insights

Financial Analyst

Shell continues executing its share buyback program, repurchasing over 1.7 million shares across global exchanges on July 24.

Shell's latest share repurchase disclosure reveals the company purchased 1,712,000 shares across multiple trading venues on July 24, 2025, as part of its previously announced buyback program. The repurchases were executed at varying price points across different exchanges, with London Stock Exchange transactions averaging £26.66 per share and Amsterdam purchases at approximately €30.86.

This activity represents another step in Shell's systematic capital return strategy that was announced on May 2, 2025. The program's structure involves both on-market and off-market repurchases, with BNP PARIBAS SA making independent trading decisions within pre-established parameters through July 25, 2025.

Shell's continued share repurchase activity demonstrates management's ongoing commitment to returning capital to shareholders. By reducing the total shares outstanding, these buybacks effectively increase each remaining shareholder's ownership percentage in the company. For a major energy corporation like Shell, such programs typically signal management's confidence in the company's financial position and cash flow generation capabilities, while potentially supporting earnings per share metrics by reducing the denominator in the EPS calculation.

Transaction in Own Shares

24 July, 2025

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Shell plc (the ‘Company’) announces that on 24 July, 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
24/07/2025	634,412	£26.8300	£26.4350	£26.6632	LSE	GBP
24/07/2025	160,829	£26.8250	£26.4500	£26.6780	Chi-X (CXE)	GBP
24/07/2025	86,759	£26.8300	£26.4500	£26.6534	BATS (BXE)	GBP
24/07/2025	526,945	€31.0750	€30.6000	€30.8596	XAMS	EUR
24/07/2025	264,881	€31.0750	€30.6000	€30.8378	CBOE DXE	EUR
24/07/2025	38,174	€31.0600	€30.6950	€30.9472	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 07 24

FAQ

How many shares did Shell (SHEL) buy back on July 24, 2025?

Shell purchased approximately 1.71 million shares in total across various trading venues, including about 882,000 shares on London exchanges and 830,000 shares on European exchanges.

What is the price range of Shell's share buyback on July 24, 2025?

On London exchanges, shares were purchased between £26.43 and £26.83, while on European exchanges, the price range was €30.60 to €31.07.

Who manages Shell's share buyback program?

BNP PARIBAS SA manages the trading decisions independently of Shell from May 2, 2025, to July 25, 2025.

When did Shell announce this buyback program?

Shell announced this share buyback programme on May 2, 2025.

How is Shell's share buyback program executed?

The program is executed through both on-market and off-market purchases, following UK Listing Rules and Market Abuse Regulations, with pre-set parameters for trading decisions.