Transaction in Own Shares
- Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
- Multiple trading venues and substantial daily volume indicate strong implementation of the buyback program
- Independent management by BNP PARIBAS SA ensures market compliance and efficient execution
- Share buybacks reduce company's cash reserves that could be used for operational growth or investments
Insights
Shell continues executing its share buyback program, repurchasing 1.75 million shares across multiple exchanges, reducing share count and potentially boosting EPS.
Shell has purchased approximately 1.75 million shares for cancellation across multiple trading venues as part of its ongoing share buyback program. On the London Stock Exchange alone, the company acquired 605,359 shares at prices ranging from
This repurchase activity is part of Shell's previously announced buyback program from May 2, 2025, which is scheduled to run through July 25, 2025. The buyback has both on-market and off-market components, with BNP PARIBAS SA making independent trading decisions within pre-established parameters.
Share buybacks typically signal management's confidence in the company's financial position and future prospects. By reducing the number of outstanding shares, Shell can potentially increase earnings per share and return value to remaining shareholders. This program aligns with broader industry trends where energy majors with strong cash flows are returning capital to shareholders through dividends and buybacks.
The execution across multiple venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX) and currencies (GBP and EUR) demonstrates a sophisticated approach to the repurchase program, likely designed to minimize market impact while maximizing execution efficiency. The program is being conducted in accordance with UK Listing Rules, Market Abuse Regulations, and applicable EU regulations that have been incorporated into UK law post-Brexit.
Transaction in Own Shares
18 June, 2025
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Shell plc (the ‘Company’) announces that on 18 June, 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 |
| 18/06/2025 | 605,359 | LSE | GBP | |||
| 18/06/2025 | 149,028 | Chi-X (CXE) | GBP | |||
| 18/06/2025 | 98,613 | BATS (BXE) | GBP | |||
| 18/06/2025 | 561,174 | XAMS | EUR | |||
| 18/06/2025 | 294,984 | CBOE DXE | EUR | |||
| 18/06/2025 | 43,842 | 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 2 May 2025.
In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.
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 BNP PARIBAS SA 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
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
How many shares did Shell (SHEL) buy back on June 18, 2025?
What is the price range for Shell's share buyback on June 18, 2025?
When will Shell's current share buyback program end?
Who is managing Shell's share buyback program?
What are the types of buybacks Shell is conducting?
