What did Shell (SHEL) announce about its share buy-back on 20 May 2026?

Shell reported repurchasing 230,000 shares for cancellation on 20 May 2026. According to Shell, these shares were bought on the LSE as part of its ongoing buy-back programme announced on 7 May 2026 and running until 24 July 2026.

What regulations govern the Shell (SHEL) share buy-back programme in 2026?

The buy-back is conducted under UK Listing Rules Chapter 9, EU MAR and UK MAR. According to Shell, all trades by Goldman Sachs International follow these market abuse and buy-back rules, plus the related EU MAR Delegated Regulation as onshored into UK law.

Transaction in Own Shares

Q: At what prices did Shell (SHEL) repurchase shares on 20 May 2026?

Shell bought shares between £32.4250 and £33.1000, with a VWAP of £32.7997. According to Shell, all 230,000 shares were repurchased on the London Stock Exchange as part of its current share buy-back programme.

Q: How many Shell (SHEL) shares were cancelled from the 20 May 2026 buy-back?

Shell intends to cancel all 230,000 shares repurchased on 20 May 2026. According to Shell, these transactions form part of the wider buy-back programme disclosed on 7 May 2026, which authorizes further repurchases through 24 July 2026.

Q: Who is executing Shell’s (SHEL) buy-back programme in May–July 2026?

Shell appointed Goldman Sachs International to execute the buy-back independently. According to Shell, Goldman Sachs makes trading decisions within pre-set parameters from 7 May 2026 up to and including 24 July 2026, without Shell directing individual trades.

Q: Which trading venues were included in Shell’s (SHEL) 20 May 2026 buy-back disclosure?

Shell listed the LSE, Chi-X (CXE) and BATS (BXE) as venues for the programme. According to Shell, 230,000 shares were actually purchased on the London Stock Exchange that day, with Chi-X and BATS reported but showing no trades for that date.

Shell (SHEL) repurchased shares on 20 May 2026 under its ongoing buy-back programme.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Shell (SHEL) repurchased shares on 20 May 2026 under its ongoing buy-back programme. The company bought 230,000 shares for cancellation on the LSE at a volume-weighted average price of £32.7997, within a price range of £32.4250–£33.1000.

According to Shell, the buy-back programme, announced on 7 May 2026 and running until 24 July 2026, is executed by Goldman Sachs International acting independently and in compliance with UK Listing Rules, EU MAR, and UK MAR.

Positive

Repurchase of 230,000 shares for cancellation on 20 May 2026
Buy-back executed at £32.7997 VWAP within defined price range
Ongoing buy-back programme from 7 May to 24 July 2026
Independent execution by Goldman Sachs International under preset parameters
Programme conducted in line with UK Listing Rules, EU MAR and UK MAR

Negative

None.

Argus May 21 session

+0.24% close to close Open Argus

Details

News Market Reaction – SHEL

On May 21, the day this news came out, SHEL closed 0.24% above the previous close.

Data tracked by StockTitan Argus for the May 21 session.

Key Figures

Shares repurchased: 230,000 shares Highest price paid: £33.1000 Lowest price paid: £32.4250 +3 more

Shares repurchased: 230,000 shares; Bought for cancellation on 20/05/2026 on LSE
Highest price paid: £33.1000; Buyback price on 20/05/2026, LSE
Lowest price paid: £32.4250; Buyback price on 20/05/2026, LSE
VWAP paid per share: £32.7997; Volume weighted average buyback price, 20/05/2026 LSE
Programme start: 7 May 2026; Buy-back trading period start date
Programme end: 24 July 2026; Buy-back trading period end date

Historical Context

5 past events · Latest: May 20

5 events

May 20
Share buyback update

24h Move

-1.5%

Reported 225,000-share LSE buyback for cancellation under ongoing programme.
May 19
AGM results

24h Move

-0.8%

AGM approved core resolutions 1–22 and related corporate authorities.
May 19
Share buyback update

24h Move

-0.8%

Disclosed 231,000-share LSE repurchase on 18 May 2026 for cancellation.
May 18
Share buyback update

24h Move

+3.8%

Reported 1,450,000-share buyback across three venues on 15 May 2026.
May 15
Share buyback update

24h Move

+1.0%

Announced 1,297,296-share repurchase across venues on 14 May 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share buy-back programme, volume weighted average price, uk listing rules, eu mar, +1 more

5 terms

volume weighted average price financial

"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.

uk listing rules regulatory

"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules"

UK listing rules are a set of regulations that companies must follow to be officially listed on a UK stock exchange. These rules ensure that companies provide clear, accurate, and sufficient information to protect investors and maintain market confidence, similar to how safety standards ensure products are reliable. Adhering to these rules is important for investors because it helps them make informed decisions about buying or selling company shares.

eu mar regulatory

"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 mar regulatory

"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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

05/21/2026 - 04:50 AM EDT

Transaction in Own Shares

20 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 20 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
20/05/2026	230,000	£ 33.1000	£ 32.4250	£ 32.7997	LSE	GBP
20/05/2026	-	-	-	-	Chi-X (CXE)	GBP
20/05/2026	-	-	-	-	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

Attachment

20260520_Shell RNS - full version

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

At what prices did Shell (SHEL) repurchase shares on 20 May 2026?

Shell bought shares between £32.4250 and £33.1000, with a VWAP of £32.7997. According to Shell, all 230,000 shares were repurchased on the London Stock Exchange as part of its current share buy-back programme.

How many Shell (SHEL) shares were cancelled from the 20 May 2026 buy-back?

Shell intends to cancel all 230,000 shares repurchased on 20 May 2026. According to Shell, these transactions form part of the wider buy-back programme disclosed on 7 May 2026, which authorizes further repurchases through 24 July 2026.

Who is executing Shell’s (SHEL) buy-back programme in May–July 2026?

Shell appointed Goldman Sachs International to execute the buy-back independently. According to Shell, Goldman Sachs makes trading decisions within pre-set parameters from 7 May 2026 up to and including 24 July 2026, without Shell directing individual trades.

Which trading venues were included in Shell’s (SHEL) 20 May 2026 buy-back disclosure?

Shell listed the LSE, Chi-X (CXE) and BATS (BXE) as venues for the programme. According to Shell, 230,000 shares were actually purchased on the London Stock Exchange that day, with Chi-X and BATS reported but showing no trades for that date.

Transaction in Own Shares