Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased 1,620,931 shares for cancellation on 16 April 2026 across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. Trades show venue-level VWAPs in GBP (~33.49–33.52) and EUR (~38.47–38.54).

These purchases form part of the buy-back programme announced on 05 February 2026; Morgan Stanley will trade independently on the programme through 01 May 2026.

Positive

• 1,620,931 shares purchased for cancellation on 16 April 2026
• Buy-back executed across six trading venues in GBP and EUR
• Programme governed by UK MAR and EU MAR onshored rules

Negative

• None.

News Market Reaction – SHEL

+1.85%

1 alert

+1.85% News Effect

On the day this news was published, SHEL gained 1.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares repurchased (LSE): 507,746 shares Highest price (LSE): 33.8950 GBP Lowest price (LSE): 33.1800 GBP +5 more

8 metrics

Shares repurchased (LSE) 507,746 shares 16/04/2026 buy-back, London Stock Exchange, cancellation

Highest price (LSE) 33.8950 GBP 16/04/2026 LSE repurchases, highest price paid per share

Lowest price (LSE) 33.1800 GBP 16/04/2026 LSE repurchases, lowest price paid per share

VWAP (LSE) 33.5202 GBP 16/04/2026 LSE repurchases, volume weighted average price

Shares repurchased (XAMS) 496,537 shares 16/04/2026 buy-back, Euronext Amsterdam, cancellation

Highest price (XAMS) 38.9400 EUR 16/04/2026 XAMS repurchases, highest price paid per share

Lowest price (XAMS) 38.2200 EUR 16/04/2026 XAMS repurchases, lowest price paid per share

VWAP (XAMS) 38.5354 EUR 16/04/2026 XAMS repurchases, volume weighted average price

Market Reality Check

Price: $91.50 Vol: Volume 5,395,199 is below...

low vol

$91.50 Last Close

Volume Volume 5,395,199 is below the 20-day average of 8,433,856 (relative volume 0.64). low

Technical Price 89.84 is trading above the 200-day MA at 76.22, indicating a pre-existing longer-term uptrend.

Peers on Argus

While SHEL was down 1.66%, peers were mixed: CVX -0.78%, XOM +0.28%, TTE -4.43%,...

While SHEL was down 1.66%, peers were mixed: CVX -0.78%, XOM +0.28%, TTE -4.43%, BP +0.32%, PBR -1.34%, suggesting a stock-specific move rather than a uniform sector rotation.

Historical Context

5 past events · Latest: Apr 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 13	Share buy-back	Positive	+0.4%	Disclosure of 747,124 shares repurchased for cancellation under buy-back programme.
Apr 13	AGM notice	Neutral	+0.4%	Publication of 2026 AGM notice and meeting logistics for shareholders.
Apr 08	Share buy-back	Positive	-2.3%	Announcement of 4,450,454 shares repurchased across multiple venues for cancellation.
Apr 08	Q1 2026 update	Negative	-2.3%	Q1 2026 outlook update with margin guidance and uncertainty commentary.
Apr 07	Share buy-back	Positive	+0.5%	Repurchase of 1,279,747 shares for cancellation under existing buy-back plan.

Pattern Detected

Recent buy-back disclosures often saw modestly positive or mixed next-day moves, with one notable divergence where a repurchase update coincided with a larger decline.

Recent Company History

Over recent months, Shell has repeatedly reported on- and off-market share repurchases under its buy-back programmes, including buy-backs on 07 Apr 2026, 08 Apr 2026, and 13 Apr 2026. These have involved independent trading by investment banks across UK and Dutch venues. A Q1 2026 update on 08 Apr 2026 highlighted higher indicative refining margins and significant working capital swings, with a negative price reaction. Today’s buy-back disclosure continues this pattern of capital return communications alongside broader operating updates.

Market Pulse Summary

This announcement details further on- and off-market repurchases on 16 April 2026 across UK and Dutc...

Analysis

This announcement details further on- and off-market repurchases on 16 April 2026 across UK and Dutch venues, executed by Morgan Stanley under Shell’s existing buy-back programme. It continues a series of similar disclosures, including transactions on 07, 08, and 13 Apr 2026. Investors may monitor cumulative buy-back volumes, upcoming Q1 2026 results, and any changes in programme parameters to gauge how capital returns interact with evolving operating conditions.

Key Terms

eu mar, uk mar, buy-back programme

3 terms

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.

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 buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

16 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 16 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
16/04/2026	507,746	33.8950	33.1800	33.5202	LSE	GBP
16/04/2026	208,986	33.8950	33.2300	33.4941	Chi-X (CXE)	GBP
16/04/2026	68,509	33.8950	33.1900	33.5244	BATS (BXE)	GBP
16/04/2026	496,537	38.9400	38.2200	38.5354	XAMS	EUR
16/04/2026	280,750	38.9400	38.2350	38.5324	CBOE DXE	EUR
16/04/2026	58,403	38.9400	38.2350	38.4743	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_2026-04-16

FAQ

How many shares did Shell (SHEL) repurchase on 16 April 2026?

Shell repurchased 1,620,931 shares for cancellation on 16 April 2026. According to the company, purchases occurred across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX as part of its existing buy-back programme.

What venues and currencies were used for Shell's (SHEL) 16 April 2026 buy-back trades?

Trades were executed on LSE, Chi-X, BATS (GBP) and XAMS, CBOE DXE, TQEX (EUR). According to the company, the programme used both GBP and EUR venues with venue-level VWAPs disclosed.

Is Shell's (SHEL) buy-back on 16 April 2026 part of a larger programme and what is its timeframe?

Yes. The purchases form part of a buy-back programme announced on 05 February 2026. According to the company, Morgan Stanley will trade independently under the programme through 01 May 2026.

What prices did Shell (SHEL) pay in the 16 April 2026 share repurchases?

Reported highest, lowest and VWAPs vary by venue; GBP VWAPs ~33.49–33.52 and EUR VWAPs ~38.47–38.54. According to the company, individual trade breakdowns are disclosed per venue.

Will Shell (SHEL) cancel the shares bought on 16 April 2026 and under what authority were they repurchased?

Yes, the shares were purchased for cancellation. According to the company, repurchases were effected under its general authority and in line with UK MAR and EU MAR onshored rules.