Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) purchased 1,449,248 shares on 24 April 2026 for cancellation across multiple trading venues. Purchases were executed in GBP and EUR with venue-level VWAPs disclosed. These transactions form part of the buy-back programme announced on 05 February 2026, with Morgan Stanley making independent trading decisions through 01 May 2026.

Positive

• Total shares purchased: 1,449,248 shares purchased on 24 April 2026
• Execution across venues: Trades executed on LSE, Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX
• Shares for cancellation: Purchases were made for cancellation under the Company's buy-back programme
• Independent agent: Morgan Stanley made trading decisions independently through 01 May 2026

Negative

• None.

Key Figures

Shares repurchased LSE: 487,205 shares Shares repurchased Chi-X: 163,679 shares Shares repurchased BATS: 60,170 shares +5 more

8 metrics

Shares repurchased LSE 487,205 shares 24/04/2026, LSE, for cancellation

Shares repurchased Chi-X 163,679 shares 24/04/2026, Chi-X (CXE), for cancellation

Shares repurchased BATS 60,170 shares 24/04/2026, BATS (BXE), for cancellation

Shares repurchased XAMS 438,733 shares 24/04/2026, XAMS, for cancellation

Shares repurchased CBOE DXE 259,219 shares 24/04/2026, CBOE DXE, for cancellation

Shares repurchased TQEX 40,242 shares 24/04/2026, TQEX, for cancellation

Highest GBP price 33.4550 GBP 24/04/2026 buy-back transactions on GBP venues

Highest EUR price 38.6000 EUR 24/04/2026 buy-back transactions on EUR venues

Market Reality Check

Price: $89.27 Vol: Volume 3,377,005 is 0.46x...

low vol

$89.27 Last Close

Volume Volume 3,377,005 is 0.46x the 20-day average of 7,268,367, indicating lighter-than-usual trading. low

Technical Shares at 89.27 trade above the 200-day MA of 76.76 and are 5.93% below the 52-week high of 94.9.

Peers on Argus

SHEL slipped 0.25% while large peers showed mixed moves: CVX +0.26%, XOM +0.45%,...

SHEL slipped 0.25% while large peers showed mixed moves: CVX +0.26%, XOM +0.45%, TTE +0.41%, BP -0.25%, PBR -0.14%, suggesting a stock-specific drift rather than a clear sector rotation.

Historical Context

5 past events · Latest: Apr 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 22	Share buy-back update	Positive	+1.0%	Disclosure of 1,247,760 shares repurchased and cancelled under buy-back programme.
Apr 21	Share buy-back update	Positive	+0.8%	Announcement of 1,309,220 shares bought back for cancellation across venues.
Apr 20	Share buy-back update	Positive	+0.2%	Repurchase of 1,165,886 shares with reported GBP and EUR VWAPs.
Apr 17	Share buy-back update	Positive	-4.0%	Cancellation of 2,741,165 shares under ongoing buy-back across European venues.
Apr 16	Share buy-back update	Positive	+1.9%	Disclosure of 1,620,931 shares repurchased with venue-level VWAP detail.

Pattern Detected

Recent buy-back disclosures generally coincided with modest positive single-day moves, with one notable negative reaction.

Recent Company History

This announcement continues a series of daily disclosures on Shell’s ongoing share buy-back programme. Between 16–22 April 2026, Shell reported multiple ‘Transaction in Own Shares’ notices, cancelling between roughly 1.16 million and 2.74 million shares per day across European venues. Reported next-day price reactions ranged from -4.03% to +1.85%, with most days modestly positive. Today’s update fits this pattern of systematic capital returns under preset parameters and regulatory frameworks (UK MAR/EU MAR).

Market Pulse Summary

This announcement details another day of Shell’s share repurchases for cancellation across multiple ...

Analysis

This announcement details another day of Shell’s share repurchases for cancellation across multiple European venues under the buy-back programme running to 01 May 2026. The company has reported similar daily transactions since at least 16 April 2026, with varying one-day price reactions from -4.03% to +1.85%. Investors may watch the scale and continuity of future buy-back disclosures and any updates to programme parameters or duration.

Key Terms

share buy-back programme, eu mar, uk mar, off-market buyback contract, +1 more

5 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.

eu mar regulatory

"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 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

"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"

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.

on-market limb financial

"The on-market limb will be effected within certain pre-set parameters"

An on-market limb is the part of a takeover or share-purchase arrangement where shares are bought directly through the stock exchange at current market prices, rather than through private, negotiated off-exchange deals. For investors it matters because on-market purchases happen publicly and at prevailing prices, which can affect the stock’s trading price, liquidity and how quickly ownership changes hands — like buying items from a store shelf versus arranging a private sale.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

24 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 24 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
24/04/2026	487,205	33.4500	32.9700	33.1745	LSE	GBP
24/04/2026	163,679	33.4550	32.9700	33.1967	Chi-X (CXE)	GBP
24/04/2026	60,170	33.4250	32.9850	33.1888	BATS (BXE)	GBP
24/04/2026	438,733	38.6000	37.9800	38.2714	XAMS	EUR
24/04/2026	259,219	38.6000	38.0350	38.2773	CBOE DXE	EUR
24/04/2026	40,242	38.5150	38.1000	38.2931	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_2026-04-24

FAQ

How many Shell (SHEL) shares were bought and cancelled on 24 April 2026?

Shell bought and cancelled 1,449,248 shares on 24 April 2026. According to the company, the purchases were executed across multiple venues and the shares will be cancelled under the ongoing buy-back programme announced 05 February 2026.

What trading venues did Shell use for the SHEL buyback on 24 April 2026?

Trades were executed on LSE, Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX. According to the company, the breakdown of individual trades and VWAPs by venue is disclosed in the transaction summary.

What prices did Shell (SHEL) pay per share during the 24 April 2026 purchases?

Venue-level highest, lowest and VWAPs were disclosed: GBP venues VWAPs ~33.17–33.20, EUR venues VWAPs ~38.27–38.29. According to the company, the table lists highest, lowest and volume-weighted average prices per venue.

Is the 24 April 2026 Shell (SHEL) buyback part of a larger programme and who executed trades?

Yes. The purchases are part of the buy-back programme announced on 05 February 2026, with Morgan Stanley & Co. International Plc executing trades independently through 01 May 2026, according to the company.

Under what authority were Shell (SHEL) off-market buybacks on 24 April 2026 conducted?

Off-market buybacks were conducted under the Company’s general authority and an off-market buyback contract approved by shareholders. According to the company, transactions complied with UK MAR and EU MAR rules as onshored into UK law.