This announcement extends Shell’s ongoing share buy-back programme, confirming further purchases for...
Analysis
This announcement extends Shell’s ongoing share buy-back programme, confirming further purchases for cancellation on 26 May 2026 across LSE, Chi-X and BATS at volume-weighted prices near the mid-£31 level. It reiterates that Goldman Sachs International executes trades independently within preset parameters and under EU MAR and UK MAR. Investors may track cumulative repurchases, execution prices versus prevailing levels, and any related regulatory filings to gauge how the programme shapes Shell’s capital structure over time.
Repurchase of 230,000 shares on LSE at VWAP £32.7997 for cancellation.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent buy-back disclosures and management share dealings have coincided with modest single-day moves, with mixed alignment between perceived positivity of buy-backs and subsequent price direction.
Recent Company History
Over recent days, Shell has repeatedly reported share repurchases for cancellation under its buy-back programme, often executed by Goldman Sachs International across LSE, Chi-X and BATS at prices around the low-£30s. Additional disclosures covered director share disposals and performance share awards under the Shell Share Plan 2023. These events together show an ongoing capital return framework and active equity-based compensation. The latest buy-back trades on 26 May 2026 extend this established pattern rather than marking a new strategic shift.
Key Terms
share buy-back programme, EU MAR, UK MAR, onshored
4 terms
share buy-back programmefinancial
"These share purchases form part of the Company's share buy-back programme previously announced"
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.
EU MARregulatory
"dealing with 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 MARregulatory
"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.
onshoredregulatory
"EU MAR as "onshored" into UK law from the end of the Brexit transition period"
Onshored describes moving business operations, manufacturing, or services back to a company’s home country after they had been done abroad. Like bringing a workshop back into your own neighborhood, it can raise short-term costs but often reduces shipping delays, political and supply-chain risks, and can win local customers or government support—factors investors watch because they affect profit margins, reliability of product delivery, and long-term growth prospects.
Shell plc (the 'Company') announces that on 26 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
26/05/2026
1,372,000
£ 32.2100
£ 31.6500
£ 31.9667
LSE
GBP
26/05/2026
343,000
£ 32.2150
£ 31.6600
£ 31.9633
Chi-X (CXE)
GBP
26/05/2026
281,453
£ 32.2050
£ 31.6550
£ 31.9453
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.
What did Shell (SHEL) announce in its May 27, 2026 transaction in own shares update?
Shell announced that on 26 May 2026 it repurchased shares for cancellation under its ongoing buy-back programme. According to Shell, shares were bought via Goldman Sachs International across LSE, Chi-X (CXE) and BATS (BXE) within pre-set parameters and regulatory requirements.
How many Shell (SHEL) shares were bought back on 26 May 2026 and on which venues?
Shell reported repurchasing 1,372,000 shares on LSE, 343,000 on Chi-X (CXE), and 281,453 on BATS (BXE). According to Shell, all transactions were executed by Goldman Sachs International as part of the buy-back programme for subsequent cancellation of these shares.
What price range did Shell (SHEL) pay per share in the 26 May 2026 buyback?
Shell paid highest prices between £32.2050 and £32.2150 and lowest between £31.6500 and £31.6600 per share. According to Shell, volume-weighted average prices ranged from £31.9453 to £31.9667 across LSE, Chi-X (CXE) and BATS (BXE) in GBP.
Who executes Shell’s (SHEL) buyback trades and over what period in 2026?
Goldman Sachs International independently executes Shell’s buyback trades under a discretionary mandate. According to Shell, this arrangement applies from 7 May 2026 up to and including 24 July 2026, with trades made within pre-set parameters and relevant regulatory frameworks.
Are the Shell (SHEL) shares repurchased on 26 May 2026 being cancelled?
Yes, Shell stated that the shares repurchased on 26 May 2026 are for cancellation. According to Shell, these transactions form part of its share buy-back programme, which reduces the number of outstanding shares once the cancellations are completed.
Under which regulations is the Shell (SHEL) 2026 share buyback being conducted?
Shell’s 2026 buyback is being conducted under Chapter 9 of the UK Listing Rules and EU/UK versions of Market Abuse Regulation. According to Shell, trades follow the EU MAR Delegated Regulation and its UK onshored equivalent, plus relevant UK statutory instruments.
