Transaction in Own Shares
Rhea-AI Summary
Shell (NYSE:SHEL) reported share repurchases on 8 May 2026 for cancellation under its previously announced buy-back programme. Purchases included 900,000 shares on the LSE, 200,000 shares on Chi-X (CXE), and 96,870 shares on BATS (BXE), all in GBP.
Goldman Sachs International is executing the programme independently between 7 May and 24 July 2026 within pre-set parameters and in line with EU MAR and UK MAR regulations.
AI-generated analysis. Not financial advice.
Positive
- Repurchase of 900,000 Shell shares on LSE for cancellation
- Repurchase of 200,000 Shell shares on Chi-X (CXE) for cancellation
- Repurchase of 96,870 Shell shares on BATS (BXE) for cancellation
- Buy-back executed under pre-announced programme with independent broker mandate
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL gained 1.66%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Major integrated peers were also negative: CVX -0.23%, XOM -0.88%, TTE -0.53%, BP -1.47%, PBR -1.31%. The momentum scanner shows no sector-wide move, suggesting this disclosed buyback activity sits against a generally weak Energy tape rather than a coordinated momentum event.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 07 | Buyback programme | Positive | -3.4% | Launch of $3.0 billion on‑market share buyback for cancellation. |
| May 07 | Dividend declaration | Positive | -3.4% | Announced Q1 2026 interim dividend of $0.3906 per share. |
| May 07 | Earnings release | Positive | -3.4% | Reported $6.9B adjusted earnings and confirmed new $3.0B buyback. |
| May 07 | Results & deals | Positive | -3.4% | Outlined Q1 2026 results, $5.3bn distributions, ARC acquisition, asset sale. |
| May 01 | Financial statements | Neutral | -1.9% | Published 2025 annual financial statements for Shell International Finance B.V. |
Recent news, including buybacks, dividends, and strong Q1 results, has repeatedly coincided with negative next-day price moves, indicating a pattern of downside divergence on objectively positive updates.
Recent disclosures show Shell combining capital returns with solid operating performance. On May 7, 2026, it reported Q1 2026 adjusted earnings of $6.9 billion, announced a new $3.0 billion buyback and a 5% dividend increase to $0.3906 per share, alongside the ARC Resources acquisition. The same day it detailed Q1 unaudited results with $6,915m adjusted earnings and $5.3bn shareholder distributions, plus a separate notice of the new buyback programme and an interim dividend. Despite this, shares fell about 3.39% after each of those May 7 releases.
Market Pulse Summary
This announcement details specific share repurchases for cancellation on 08 May 2026 across LSE, Chi‑X and BATS, executed under the buyback programme launched on 07 May 2026. It confirms that trades are carried out by Goldman Sachs International within preset parameters and in full compliance with UK Listing Rules and EU/UK MAR. In context of recent Q1 results and the $3.0 billion buyback authorization, investors may watch ongoing daily repurchase volumes and any further capital return disclosures.
Key Terms
eu mar regulatory
uk mar regulatory
volume weighted average price technical
market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory
AI-generated analysis. Not financial advice.
Transaction in Own Shares
08 May, 2026
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 08 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 |
| 08/05/2026 | 900,000 | LSE | GBP | |||
| 08/05/2026 | 200,000 | Chi-X (CXE) | GBP | |||
| 08/05/2026 | 96,870 | BATS (BXE) | GBP |
These share purchases form part of the Company's share buy-back programme previously announced on 07 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 07 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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