Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased and cancelled a total of 1,404,019 ordinary shares on 29 April 2026 across multiple European trading venues. Purchases were executed on LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX at per‑trade VWAPs shown by venue and in GBP/EUR.

Transactions form part of the on‑ and off‑market limbs of the existing buy‑back programme announced 05 February 2026; Morgan Stanley & Co. International Plc made trading decisions independently through 01 May 2026.

Positive

• Total shares purchased and cancelled: 1,404,019
• Buyback executed across 6 trading venues (LSE, Chi‑X, BATS, XAMS, CBOE DXE, TQEX)
• Broker independence: Morgan Stanley made trading decisions through 01 May 2026 under the programme

Negative

• None.

Key Figures

Shares repurchased LSE: 422,341 shares LSE VWAP: 32.8830 GBP Shares repurchased Chi-X: 185,577 shares +5 more

8 metrics

Shares repurchased LSE 422,341 shares 29/04/2026 buy-back on LSE at GBP prices

LSE VWAP 32.8830 GBP Volume weighted average price per share on LSE

Shares repurchased Chi-X 185,577 shares 29/04/2026 buy-back on Chi-X (CXE) in GBP

Chi-X VWAP 32.8833 GBP Volume weighted average price per share on Chi-X (CXE)

Shares repurchased XAMS 364,963 shares 29/04/2026 buy-back on XAMS in EUR

XAMS VWAP 37.9777 EUR Volume weighted average price per share on XAMS

Shares repurchased CBOE DXE 306,995 shares 29/04/2026 buy-back on CBOE DXE in EUR

CBOE DXE VWAP 37.9502 EUR Volume weighted average price per share on CBOE DXE

Market Reality Check

Price: $87.59 Vol: Volume 18,853,466 is 2.28...

high vol

$87.59 Last Close

Volume Volume 18,853,466 is 2.28x the 20-day average of 8,271,879, indicating elevated activity into this buy-back disclosure. high

Technical Price at 87.59 is trading above the 200-day MA of 77, reflecting a sustained uptrend ahead of this buy-back update.

Peers on Argus

SHEL is up 0.78% while large peers like CVX (-0.04%), XOM (-0.64%), TTE (-0.36%)...

2 Up

SHEL is up 0.78% while large peers like CVX (-0.04%), XOM (-0.64%), TTE (-0.36%) and BP (-0.32%) are slightly down. Momentum names EQNR (+4.56%) and CVE (+2.52%) are up without news, suggesting today’s move in SHEL is more stock-specific around ongoing buy-backs than a broad integrated oil rally.

Common Catalyst Peer news flow centers on TotalEnergies’ dividends, earnings and an acquisition, while SHEL’s focus is continued share repurchases.

Historical Context

5 past events · Latest: Apr 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 27	Corporate acquisition	Positive	-2.5%	Agreement to acquire ARC Resources, adding production and reserves.
Apr 24	Share buy-back	Positive	-0.2%	Repurchase of 1,449,248 shares for cancellation under buy-back programme.
Apr 23	Share buy-back	Positive	-0.3%	Purchase of 1,316,305 shares for cancellation across multiple venues.
Apr 22	Share buy-back	Positive	+1.0%	Buy-back of 1,247,760 shares with disclosed VWAPs in GBP and EUR.
Apr 21	Share buy-back	Positive	+0.8%	Repurchase of 1,309,220 shares for cancellation under existing programme.

Pattern Detected

Recent buy-back disclosures have produced mixed price reactions, while the large ARC acquisition drew a notably negative move.

Recent Company History

Over the past weeks, Shell has consistently reported daily share repurchases for cancellation across multiple venues, all under the buy-back programme announced on 05 February 2026. Disclosures on 21–24 April 2026 each detailed purchases of roughly 1.25–1.45 million shares with modest price moves between -0.25% and +0.98%. On 27 April 2026, Shell announced an agreement to acquire ARC Resources, adding significant production and reserves, but the stock fell 2.49%, highlighting occasional divergence between strategic news and immediate market reactions.

Market Pulse Summary

This announcement details another day of on- and off-market share repurchases for cancellation acros...

Analysis

This announcement details another day of on- and off-market share repurchases for cancellation across venues in London and Amsterdam, under the buy-back programme launched on 05 February 2026. Recent disclosures show a steady cadence of daily cancellations in the 1.2–1.4 million share range. Investors tracking this programme may focus on its cumulative impact, the prices paid in GBP and EUR, and how these repurchases interact with other developments such as acquisitions and future capital allocation updates.

Key Terms

share buy-back programme, trading venue, eu mar, uk mar, +2 more

6 terms

share buy-back programme financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme"

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.

trading venue technical

"Aggregated information on Shares purchased according to trading venue:"

A trading venue is any organized place or system where buyers and sellers meet to swap stocks, bonds or other securities, like a physical market or an online exchange. It matters to investors because the venue determines how easily orders are filled, how quickly prices move, what rules and fees apply, and how transparent pricing is — much like choosing a busy bazaar versus a small shop affects price, speed and cost.

eu mar regulatory

"buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law"

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

"from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052"

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.

off-market buyback contract financial

"pursuant to the off-market buyback contract approved by its shareholders"

An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.

market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory

"including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time"

A set of UK rules that update the law on insider trading, market manipulation and related disclosure duties to reflect the country’s departure from the EU. It is essentially an updated rulebook that keeps enforcement powers, reporting requirements and protections for honest investors working smoothly after the legal change; investors care because it clarifies what behaviour is illegal, how markets stay fair, and what companies must disclose.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

29 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 29 April 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
29/04/2026	422,341	33.0750	32.6850	32.8830	LSE	GBP
29/04/2026	185,577	33.0750	32.6850	32.8833	Chi-X (CXE)	GBP
29/04/2026	79,383	33.0750	32.6850	32.8791	BATS (BXE)	GBP
29/04/2026	364,963	38.1850	37.7250	37.9777	XAMS	EUR
29/04/2026	306,995	38.1850	37.7150	37.9502	CBOE DXE	EUR
29/04/2026	44,760	38.1750	37.7150	37.9714	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 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 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 Morgan Stanley & Co. International Plc 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

• Shell_PDF_2026-04-29

FAQ

How many shares did Shell (SHEL) repurchase and cancel on 29 April 2026?

Shell repurchased and cancelled 1,404,019 shares on 29 April 2026. According to Shell, purchases occurred across multiple venues with the aggregated per‑venue VWAPs and highest/lowest trade prices reported for regulatory disclosure.

Which trading venues did Shell use for the SHEL buyback on 29 April 2026?

Shell executed buyback trades on LSE, Chi‑X (CXE), BATS (BXE), XAMS, CBOE DXE and TQEX. According to Shell, the table attached lists the number of shares, highest/lowest prices and VWAP by each venue for 29 April 2026.

What prices did Shell (SHEL) pay per share during the 29 April 2026 buyback?

Per‑venue trade ranges showed GBP highest/lowest prices at 33.0750–32.6850 and EUR highest/lowest at 38.1850–37.7150. According to Shell, volume‑weighted average prices by venue are included in the regulatory breakdown.

Is the 29 April 2026 purchase part of Shell's announced buy‑back programme (SHEL)?

Yes. According to Shell, the purchases on 29 April 2026 form part of the on‑ and off‑market limbs of the buy‑back programme announced on 05 February 2026, conducted under UK MAR and EU MAR onshoring rules.

Who executed the 29 April 2026 share repurchases for Shell (SHEL) and how was decision making handled?

Morgan Stanley & Co. International Plc executed trades and made trading decisions independently from Shell for the programme period ending 01 May 2026. According to Shell, on‑market and off‑market limbs were conducted within preset parameters and authorities.