Transaction in Own Shares
Rhea-AI Summary
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.
AI-generated analysis. Not financial advice.
Positive
- None.
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL gained 1.53%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SHEL was up 0.35% with modestly elevated volume while large peers were mixed: CVX -0.14%, XOM -0.63%, TTE -0.33%, BP +0.55%, PBR +0.54%. Momentum names SU (+4.55%) and EQNR (+3.22%) were not news-driven, suggesting this buyback disclosure was stock-specific rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 28 | Share buy-back update | Positive | +0.0% | Repurchase of 1,979,245 shares for cancellation at VWAP near £31.12. |
| May 27 | Share buy-back update | Positive | -1.4% | Disclosure of 26 May buy-backs under programme started 7 May 2026. |
| May 26 | Share buy-back update | Positive | -0.8% | Repurchase of 1,978,677 shares for cancellation on 22 May 2026. |
| May 22 | Insider share disposal | Negative | -1.4% | CEO Wael Sawan sold 40,000 shares in Amsterdam at €37.170105. |
| May 22 | Share buy-back update | Positive | -1.4% | Repurchase of 1,934,659 shares on 21 May at ~£32.44–£32.46. |
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.
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.
Market Pulse Summary
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 Terms
volume weighted average price technical
eu mar regulatory
uk mar regulatory
financial services act, 2021 regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
29 May, 2026
• • • • • • • • • • • • • • • •
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 | LSE | GBP | |||
| 29/05/2026 | 140,000 | 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.
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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