Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a share buyback transaction on May 27, 2025, purchasing shares across multiple venues. The company bought 680,000 shares on London-based venues (LSE, Chi-X, and BATS) at prices ranging from £24.29 to £24.61, and 830,000 shares on European venues (XAMS, CBOE DXE, and TQEX) at prices between €29.14 and €29.54. This buyback is part of Shell's previously announced program from May 2, 2025, which will run until July 25, 2025. BNP PARIBAS SA is executing the trades independently, following pre-set parameters and regulatory requirements under UK and EU market abuse regulations.

Positive

• Share buyback program demonstrates confidence in company's financial position and commitment to returning value to shareholders
• Multiple trading venues utilized for efficient execution of the buyback program
• Independent execution by BNP PARIBAS SA ensures market compliance and transparency

Negative

• Significant cash expenditure reduces available capital for other investments or operations

Insights

Corporate Finance Expert

Shell continues its share buyback program, repurchasing over 1.5 million shares across various exchanges on May 27.

Shell's latest share repurchase disclosure reveals the company bought back approximately 1.51 million shares on May 27, 2025, across multiple trading venues. The company paid between £24.29 and £24.62 per share on the London exchanges, with a volume-weighted average price of around £24.47. On European exchanges, prices ranged from €29.15 to €29.55 with average prices near €29.36.

This repurchase activity is part of Shell's previously announced buyback program from May 2, which will continue through July 25, 2025. BNP PARIBAS SA is executing these trades independently within preset parameters, with both on-market and off-market components.

Share buybacks like this typically benefit remaining shareholders by reducing the number of outstanding shares, which can improve earnings per share metrics and potentially support share prices. For a company of Shell's size, this daily repurchase amount represents a modest but steady continuation of their capital return strategy. The company is clearly executing on its commitment to return value to shareholders through this mechanism, alongside its dividend program.

Transaction in Own Shares

27 May, 2025

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Shell plc (the ‘Company’) announces that on 27 May, 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
27/05/2025	409,961	£24.6150	£24.2900	£24.4749	LSE	GBP
27/05/2025	167,659	£24.6150	£24.3600	£24.4712	Chi-X (CXE)	GBP
27/05/2025	102,380	£24.6150	£24.3600	£24.4819	BATS (BXE)	GBP
27/05/2025	461,517	€29.5450	€29.1450	€29.3641	XAMS	EUR
27/05/2025	306,820	€29.5450	€29.1450	€29.3655	CBOE DXE	EUR
27/05/2025	61,663	€29.5450	€29.1450	€29.3881	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

• RNS Report SHELL 2025 05 27

FAQ

How many shares did Shell (SHEL) buy back on May 27, 2025?

Shell purchased approximately 1.51 million shares in total: 680,000 shares across London venues (LSE, Chi-X, and BATS) and 830,000 shares across European venues (XAMS, CBOE DXE, and TQEX).

What is the duration of Shell's current share buyback program?

The current share buyback program runs from May 2, 2025, to July 25, 2025, with BNP PARIBAS SA making independent trading decisions.

What was the price range for Shell's share buyback on May 27, 2025?

On London venues, shares were purchased between £24.29 and £24.61, while on European venues, the price range was €29.14 to €29.54.

Who executes Shell's share buyback program?

BNP PARIBAS SA executes the trades independently on behalf of Shell, following pre-set parameters and regulatory requirements.