Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased shares for cancellation on 06 November 2025 under its existing buy-back programme. The Company bought 731,171 shares on LSE at a volume-weighted average price of 28.4681 GBP and 729,408 shares on XAMS at a volume-weighted average price of 32.4013 EUR, totalling 1,460,579 shares cancelled.

The purchases form part of the on- and off-market limbs of the programme announced on 30 October 2025. Merrill Lynch International will make independent trading decisions for the programme from 30 October 2025 to 30 January 2026. Transactions comply with UK MAR and EU MAR onshored rules and Chapter 9 of the UK Listing Rules.

Positive

• 1,460,579 shares cancelled on 06/11/2025
• LSE VWAP 28.4681 GBP for 731,171 shares
• XAMS VWAP 32.4013 EUR for 729,408
• Buy-back runs 30 Oct 2025–30 Jan 2026 with Merrill Lynch trading independently

Negative

• None.

Insights

Capital Markets Analyst

Shell executed on its announced buy‑back, cancelling 1,460,579 shares across LSE and XAMS on 06/11/2025.

Shell completed purchases of 731,171 shares on the LSE at a volume‑weighted average price of 28.4681 GBP and 729,408 shares on XAMS at a VWAP of 32.4013 EUR. The trades form part of the on‑ and off‑market limbs of the buy‑back programme announced on 30/10/2025, with Merrill Lynch International making independent trading decisions through 30/01/2026.

The business mechanism is straightforward: share cancellations reduce outstanding shares and can raise earnings per share all else equal; the company used pre‑authorized channels and compliance frameworks (UK MAR and the EU MAR Delegated Regulation). Key dependencies and risks include the pace of further purchases under the programme and adherence to the pre‑set parameters and regulatory rules; operational execution by the broker matters for intraday volume and timing. Monitor the running total of cancelled shares under the programme and any disclosure updates through 30/01/2026, plus subsequent announcements that quantify remaining programme capacity or aggregate spend.

Transaction in Own Shares   

06 November, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 06 November, 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
06/11/2025	731,171	28.6850	28.3100	28.4681	LSE	GBP
06/11/2025	-	-	-	-	Chi-X (CXE)	GBP
06/11/2025	-	-	-	-	BATS (BXE)	GBP
06/11/2025	729,408	32.6300	32.2400	32.4013	XAMS	EUR
06/11/2025	-	-	-	-	CBOE DXE	EUR
06/11/2025	-	-	-	-	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 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.

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 Merrill Lynch 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

Attachment

• 2025.11.06 Shell RNS (with fills)

FAQ

How many Shell (SHEL) shares were cancelled on 06 November 2025?

Shell cancelled a total of 1,460,579 shares on 06 November 2025.

What were the VWAPs for Shell (SHEL) buybacks on 06/11/2025?

LSE VWAP was 28.4681 GBP and XAMS VWAP was 32.4013 EUR on 06/11/2025.

Is the Shell (SHEL) buy-back programme still ongoing after 06 November 2025?

Yes; the programme runs from 30 October 2025 up to and including 30 January 2026.

Who is making the trading decisions for Shell's (SHEL) buy-back programme?

Merrill Lynch International will make trading decisions independently of Shell during the programme period.

Under which rules were Shell's (SHEL) 06 Nov 2025 purchases conducted?

Purchases were conducted in accordance with Chapter 9 of the UK Listing Rules and UK MAR (EU MAR onshored).