Shell (SHEL) reports it purchased 1,230,000 shares for cancellation on 07 May 2026 across LSE and Chi-X, at a volume‑weighted average price of approximately £31.2733–£31.2774 per share. Purchases form part of the buy‑back programme announced 07 May 2026.
Goldman Sachs International will make independent trading decisions for the programme from 07 May 2026 through 24 July 2026. Purchases comply with UK MAR and Chapter 9 UK Listing Rules; no trades were reported on BATS on that date.
This announcement details additional share repurchases for cancellation, including 1,000,000 shares ...
Analysis
This announcement details additional share repurchases for cancellation, including 1,000,000 shares on LSE and 230,000 on Chi-X at VWAPs around £31.27. The activity extends a long-running buy-back pattern executed by banks under preset parameters and within EU/UK MAR and UK Listing Rules. Investors may track cumulative cancellations, voting rights updates, and how the price behaves relative to the 200-day MA at 77.62 and the 94.9 52-week high.
Key Figures
LSE shares bought:1,000,000 sharesChi-X shares bought:230,000 sharesLSE VWAP:£31.2733+5 more
8 metrics
LSE shares bought1,000,000 sharesPurchased for cancellation on 07 May 2026 at LSE
Chi-X shares bought230,000 sharesPurchased for cancellation on 07 May 2026 at Chi-X (CXE)
LSE VWAP£31.2733Volume weighted average price per share on LSE 07/05/2026
Chi-X VWAP£31.2774Volume weighted average price per share on Chi-X 07/05/2026
Highest price paid£31.6200Maximum price per share paid on 07/05/2026
Lowest price paid£30.9450Minimum price per share paid on LSE 07/05/2026
Buy-back window07 May 2026–24 July 2026Period where Goldman Sachs International executes buy-back
Brexit transition end11:00 pm on 31 December 2020Time when EU MAR provisions were onshored into UK law
Cancellation of 1,404,019 shares as part of ongoing buy-back.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent buy-back disclosures often coincided with modest price moves, with both positive and negative reactions, suggesting limited but sometimes supportive impact on the share price.
Recent Company History
Over late April and early May 2026, Shell reported a series of buy-back transactions, cancelling between roughly 0.7 million and 1.4 million shares per day across multiple venues. These updates, along with voting rights disclosures showing 5,607,066,071 ordinary shares and no treasury stock, highlight an ongoing focus on reducing share count. Price reactions to these buy-back reports were mixed, with some days up around 1.5–2.0% and others down about 1.9%, indicating that repurchases have not produced a consistently directional response.
Regulatory & Risk Context
Short Interest: 1.03%
Short Interest
1.03% of shares outstanding
as of 2026-05-29Days to cover: 3.91
Key Terms
share buy-back programme, eu mar, uk mar, the market abuse (amendment) (eu exit) regulations (si 2019/310), +1 more
5 terms
share buy-back programmefinancial
"These share purchases form part of the Company's share buy-back programme"
A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.
eu marregulatory
"and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”)"
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 marregulatory
"and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 ... (“UK MAR”)"
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.
the market abuse (amendment) (eu exit) regulations (si 2019/310)regulatory
"including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time"
A UK government regulation that updates and preserves rules against insider trading, market manipulation and unlawful disclosure after the country left the EU, keeping market conduct standards consistent and enforceable under domestic law. It matters to investors because it sets the “traffic laws” of the market—clarifying what information must be shared, who may trade, and the penalties for cheating—so prices remain fair and legal risk is clearer.
buy-back programmefinancial
"as a part of the buy-back programme is detailed below."
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.
Shell plc (the ‘Company’) announces that on 07 May, 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
07/05/2026
1,000,000
£ 31.6200
£ 30.9450
£ 31.2733
LSE
GBP
07/05/2026
230,000
£ 31.6200
£ 30.9500
£ 31.2774
Chi-X (CXE)
GBP
07/05/2026
-
-
-
-
BATS (BXE)
GBP
These share purchases form part of the Company's share buy-back programme previously announced on 07 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 07 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.
How many shares did Shell (SHEL) repurchase on 07 May 2026?
Shell repurchased 1,230,000 shares on 07 May 2026. According to the company, purchases were executed on LSE and Chi‑X with no reported trades on BATS, and the shares were bought for cancellation under the buy‑back programme.
What price did Shell (SHEL) pay per share for the 07 May 2026 buyback?
The volume‑weighted average price paid was about £31.2733–£31.2774 per share. According to the company, highest prices reached £31.62 and lowest around £30.945–£30.95 across reported venues on that date.
Who will execute Shell's (SHEL) buyback trades and for how long?
Goldman Sachs International will make independent trading decisions from 07 May 2026 through 24 July 2026. According to the company, trades will follow pre‑set parameters and the company’s existing repurchase authority.
Are the repurchased Shell (SHEL) shares being cancelled or held as treasury stock?
The repurchased shares were bought for cancellation on 07 May 2026. According to the company, purchases form part of the announced buy‑back programme and the reported lots were cancelled following acquisition.
Did Shell (SHEL) report trades across all trading venues on 07 May 2026?
No; Shell reported purchases on LSE and Chi‑X but no trades on BATS for 07 May 2026. According to the company, venue‑level breakdown is included in the aggregated purchase disclosure.