Shell (NYSE:SHEL) reported that on 29 May 2026 it repurchased shares for cancellation under its ongoing share buy-back programme.
The company bought 1,000,000 shares on the LSE and 140,000 shares on Chi-X, at volume-weighted average prices of £31.2809 and £31.2904 respectively, with Goldman Sachs International executing trades independently within preset parameters and in compliance with EU MAR and UK MAR.
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News Market Reaction – SHEL
+1.53%
+1.53%News Effect
On the day this news was published, SHEL gained 1.53%, reflecting a mild positive market reaction.
This announcement reports further execution of Shell’s buy-back programme, with 1,000,000 shares rep...
Analysis
This announcement reports further execution of Shell’s buy-back programme, with 1,000,000 shares repurchased on LSE and 140,000 on Chi-X at VWAPs near £31.28–£31.29 on 29 May 2026. The trades are conducted independently by Goldman Sachs International within pre-set parameters and under EU and UK MAR rules. Investors may watch cumulative repurchase volumes, remaining programme duration to 24 July 2026, and how these actions interact with broader sector dynamics.
Key Figures
Shares bought LSE:1,000,000 sharesShares bought Chi-X:140,000 sharesHighest price LSE:£31.4700 per share+5 more
8 metrics
Shares bought LSE1,000,000 sharesRepurchased for cancellation on 29/05/2026 on LSE
Shares bought Chi-X140,000 sharesRepurchased for cancellation on 29/05/2026 on Chi-X (CXE)
Highest price LSE£31.4700 per shareHighest price paid on LSE on 29/05/2026
Lowest price LSE£31.0800 per shareLowest price paid on LSE on 29/05/2026
VWAP LSE£31.2809 per shareVolume weighted average price on LSE on 29/05/2026
VWAP Chi-X£31.2904 per shareVolume weighted average price on Chi-X (CXE) on 29/05/2026
Programme start date7 May 2026Buy-back programme period start referenced in article
Programme end date24 July 2026Planned end of current buy-back execution window
Repurchase of 1,934,659 shares on 21 May at ~£32.44–£32.46.
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 have produced small, mixed price reactions between -1.43% and +0.02%, indicating limited short-term impact from these routine updates.
Recent Company History
Over the past weeks, Shell has repeatedly reported daily share repurchases for cancellation as part of its ongoing buy-back programme, with volumes around 1.9–2.0 million shares per disclosure and modest price reactions between -1.43% and +0.02%. There was also a CEO share disposal on May 22, 2026 for 40,000 shares, which coincided with a -1.4% move. Today’s announcement continues the established pattern of routine buy-back reporting.
Key Terms
share buy-back programme, volume weighted average price, eu mar, uk mar, +1 more
5 terms
share buy-back programmefinancial
"These share purchases form part of the Company's share buy-back programme previously announced on 7 May 2026."
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.
volume weighted average pricetechnical
"Volume weighted average price paid per share | Venue | Currency"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
eu marregulatory
"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 the EU MAR Delegated Regulation as "onshored" into UK law ... ("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.
financial services act, 2021regulatory
"and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments"
A UK law that updates the rulebook for how financial firms operate, giving regulators clearer powers to oversee markets, protect consumers, and respond to risks. For investors, it matters because it can change how products are sold, how firms are supervised, and how quickly problems are fixed—much like a revised rulebook that aims to make a game fairer and safer for everyone, which affects confidence and the value of investments.
Shell plc (the 'Company') announces that on 29 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
29/05/2026
1,000,000
£ 31.4700
£ 31.0800
£ 31.2809
LSE
GBP
29/05/2026
140,000
£ 31.4600
£ 31.0850
£ 31.2904
Chi-X (CXE)
GBP
29/05/2026
-
-
-
-
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.
What did Shell (NYSE:SHEL) announce about share repurchases on 29 May 2026?
Shell announced it repurchased shares for cancellation on 29 May 2026 as part of its ongoing buy-back programme. According to Shell, these trades were executed by Goldman Sachs International within preset parameters and in compliance with EU MAR and UK MAR rules.
How many Shell (SHEL) shares were bought back on 29 May 2026 and at what prices?
Shell bought back 1,000,000 shares on the LSE and 140,000 on Chi-X on 29 May 2026. According to Shell, volume-weighted average prices were £31.2809 on the LSE and £31.2904 on Chi-X, with defined highest and lowest prices on each venue.
Which trading venues did Shell (SHEL) use for its 29 May 2026 share buybacks?
Shell used the London Stock Exchange and Chi-X (CXE) for its 29 May 2026 buybacks, with BATS (BXE) listed but showing no trades. According to Shell, all repurchases formed part of its existing buy-back programme and followed EU MAR and UK MAR requirements.
What role does Goldman Sachs International play in Shell’s 2026 share buy-back programme?
Goldman Sachs International makes independent trading decisions for Shell’s buy-back programme between 7 May 2026 and 24 July 2026. According to Shell, Goldman Sachs executes repurchases within preset parameters and under the company’s general repurchase authority, in line with EU MAR and UK MAR rules.
Over what period will Shell’s current share buy-back programme with Goldman Sachs International run?
The current Shell buy-back programme involving Goldman Sachs International runs from 7 May 2026 up to and including 24 July 2026. According to Shell, during this period Goldman Sachs independently executes repurchases for cancellation within defined parameters and under relevant EU MAR and UK MAR regulations.
