Transaction in Own Shares
Rhea-AI Summary
Shell plc (SHEL) announces purchases of its own shares for cancellation on 13 January 2026 under its buy‑back programme. The company bought 829,333 shares on LSE at a volume‑weighted average price of GBP 26.9620 and 848,147 shares on XAMS at a volume‑weighted average price of EUR 31.1852, totaling 1,677,480 shares cancelled.
The purchases form part of the on‑ and off‑market limbs of the programme announced 30 October 2025; Merrill Lynch International is making independent trading decisions for the programme through 30 January 2026. Trades were conducted in accordance with UK MAR/EU MAR and relevant delegated regulations.
Positive
- Total of 1,677,480 shares repurchased and cancelled on 13 January 2026
- Executed across major venues with VWAPs: GBP 26.9620 (LSE) and EUR 31.1852 (XAMS)
- Buy‑back operated under existing authority with independent manager Merrill Lynch International through 30 January 2026
Negative
- Announcement gives share counts and prices but not the buy‑back size as a percentage of share capital
News Market Reaction
On the day this news was published, SHEL gained 2.12%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: CVX -0.22%, XOM -0.35%, TTE +1.28%, BP +0.26%, PBR -0.42%. This diverges from a clear sector-wide trend around Shell’s +1.17% move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 09 | Share buy-back | Positive | +0.7% | Disclosure of 2.09M shares repurchased and cancelled under buy-back. |
| Jan 08 | Share buy-back | Positive | -1.7% | Announcement of 2.43M shares bought back across venues. |
| Jan 08 | Q4 update | Negative | -1.7% | Q4 2025 guidance with below break-even Chemicals and cash outflows. |
| Jan 07 | Share buy-back | Positive | -1.9% | 2.23M shares repurchased and cancelled under ongoing programme. |
| Jan 06 | Share buy-back | Positive | -2.8% | 1.47M shares bought back on LSE and XAMS with reported VWAPs. |
Recent buy-back disclosures have produced small, mixed price reactions, with one Q4 trading update coinciding with a modest negative move.
Over the last week, Shell reported multiple daily share buy-back transactions (e.g., 1.47M–2.43M shares cancelled on individual days) plus a Q4 2025 update on Jan 08 outlining production ranges and margin metrics. Price reactions to these items ranged from about +0.74% to -2.84%, indicating that routine buy-back reports and trading updates have led to modest, directionally mixed moves. Today’s announcement continues the same buy-back programme, adding to this sequence of capital return disclosures.
Market Pulse Summary
This announcement details further execution of Shell’s existing share buy-back programme, including 829,333 shares on LSE and 848,147 on XAMS with specified GBP and EUR price ranges. It follows several recent buy-back disclosures and a Q4 2025 trading update, indicating continued capital return alongside operational guidance. Investors may monitor future buy-back volumes, upcoming results, and any changes in programme parameters or regulatory disclosures under UK MAR and EU MAR.
Key Terms
eu mar regulatory
uk mar regulatory
off-market buyback contract financial
AI-generated analysis. Not financial advice.
Transaction in Own Shares
13 January, 2026
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 13 January, 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 |
| 13/01/2026 | 829,333 | 27.2950 | 26.6300 | 26.9620 | LSE | GBP |
| 13/01/2026 | - | - | - | - | Chi-X (CXE) | GBP |
| 13/01/2026 | - | - | - | - | BATS (BXE) | GBP |
| 13/01/2026 | 848,147 | 31.5600 | 30.8050 | 31.1852 | XAMS | EUR |
| 13/01/2026 | - | - | - | - | CBOE DXE | EUR |
| 13/01/2026 | - | - | - | - | 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 30 October 2025.
In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch 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
FAQ
How many Shell (SHEL) shares were repurchased and cancelled on 13 January 2026?
What were the volume‑weighted average prices paid by Shell (SHEL) on 13 January 2026?
Until when will Merrill Lynch International make independent trading decisions for Shell's (SHEL) buy‑back programme?
Are the shares repurchased by Shell (SHEL) cancelled or held in treasury?
Which trading venues did Shell (SHEL) use for the 13 January 2026 buy‑back trades?
