Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) reported share repurchases for cancellation on 13 May 2026 under its ongoing buy-back programme.
- Total of 1,060,548 shares bought across LSE, Chi-X (CXE) and BATS (BXE) at volume-weighted average prices around £31.52–£31.53.
- The programme, announced on 7 May 2026, runs until 24 July 2026, with Goldman Sachs International executing trades independently within preset parameters and in line with EU MAR and UK MAR rules.
AI-generated analysis. Not financial advice.
Positive
- Repurchase of 1,060,548 shares for cancellation on 13 May 2026
- Ongoing buy-back programme from 7 May to 24 July 2026
- Trades executed by Goldman Sachs International independently of Shell
- Share buy-backs conducted under EU MAR and UK MAR regulatory frameworks
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL declined 0.49%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SHEL slipped 0.49% while large peers showed mixed, mostly small moves: XOM up 1.01%, CVX up 0.10%, TTE roughly flat, and BP/PBR modestly down. This points to stock-specific factors rather than a broad sector swing.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 12 | Daily buyback disclosure | Positive | -0.0% | Repurchase of 1,360,000 shares for cancellation under ongoing buyback. |
| May 11 | Director share disposal | Negative | +1.7% | Senior executive disposed of 9,000 shares under market abuse reporting rules. |
| May 11 | Daily buyback disclosure | Positive | +1.7% | Company reported further buybacks on 8 May across UK venues. |
| May 08 | Daily buyback disclosure | Positive | -0.3% | 1,230,000 shares bought back on 7 May under new programme. |
| May 07 | Buyback programme launch | Positive | -3.4% | Announcement of a $3.0 billion on‑market share buyback programme. |
Recent buyback-related disclosures often saw muted or even negative next-day moves, indicating limited short-term price support from these announcements.
Over early May 2026, Shell has been consistently executing on-market share repurchases under a buyback programme announced on 7 May 2026. Multiple “Transaction in Own Shares” updates detail daily cancellations across LSE, Chi-X and BATS, with volumes scaling into the millions of shares and prices in the low-£30 range. A separate director share disposal on 8 May 2026 was also disclosed under market abuse rules. Against this backdrop, the latest 13 May buyback trades continue the same framework of programme execution and regulatory compliance.
Market Pulse Summary
This announcement details additional share repurchases for cancellation on 13 May 2026 across LSE, Chi‑X and BATS at volume‑weighted average prices around £31.52 per share, as part of the programme running from 7 May to 24 July 2026. It reinforces that trading decisions rest with Goldman Sachs International and that activity follows UK Listing Rules and EU/UK MAR. Investors may focus on cumulative buyback volumes, execution prices versus the 200-day MA, and any future adjustments to the programme size or duration.
Key Terms
uk listing rules regulatory
eu mar regulatory
uk mar regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
13 May, 2026
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 13 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 |
| 13/05/2026 | 695,984 | LSE | GBP | |||
| 13/05/2026 | 300,000 | Chi-X (CXE) | GBP | |||
| 13/05/2026 | 64,564 | BATS (BXE) | GBP |
These share purchases form part of the Company's share buy-back programme previously announced on 7 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 7 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.
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
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