Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) repurchased 1,279,747 shares for cancellation on 07 April 2026 across multiple venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX. Purchases form part of the existing buy-back programme running from 05 February 2026 to 01 May 2026.

Trades were executed by Morgan Stanley & Co. International Plc under pre-set parameters and in compliance with UK MAR and EU MAR onshored rules.

Positive

• 1,279,747 shares repurchased for cancellation on 07/04/2026
• Buy-back is within existing programme running 05 Feb–01 May 2026
• Trades executed across six venues (LSE, CXE, BXE, XAMS, CBOE DXE, TQEX)

Negative

• None.

News Market Reaction – SHEL

+0.54%

10 alerts

+0.54% News Effect

+$1.44B Valuation Impact

$267.85B Market Cap

0.0x Rel. Volume

On the day this news was published, SHEL gained 0.54%, reflecting a mild positive market reaction. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $1.44B to the company's valuation, bringing the market cap to $267.85B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares repurchased (LSE): 394,936 shares Shares repurchased (Chi-X CXE): 174,793 shares Shares repurchased (BATS BXE): 60,877 shares +5 more

8 metrics

Shares repurchased (LSE) 394,936 shares Purchased for cancellation on 07/04/2026 at LSE in GBP

Shares repurchased (Chi-X CXE) 174,793 shares Purchased for cancellation on 07/04/2026 at Chi-X (CXE) in GBP

Shares repurchased (BATS BXE) 60,877 shares Purchased for cancellation on 07/04/2026 at BATS (BXE) in GBP

Shares repurchased (XAMS) 365,225 shares Purchased for cancellation on 07/04/2026 at XAMS in EUR

Shares repurchased (CBOE DXE) 228,027 shares Purchased for cancellation on 07/04/2026 at CBOE DXE in EUR

Shares repurchased (TQEX) 55,889 shares Purchased for cancellation on 07/04/2026 at TQEX in EUR

GBP VWAP (LSE) £35.6347 per share Volume weighted average price paid at LSE on 07/04/2026

EUR VWAP (XAMS) €40.8309 per share Volume weighted average price paid at XAMS on 07/04/2026

Market Reality Check

Price: $92.21 Vol: Volume 4,425,140 is 0.51x...

low vol

$92.21 Last Close

Volume Volume 4,425,140 is 0.51x the 20-day average, indicating subdued trading activity ahead of this buyback disclosure. low

Technical Price 93.64 is trading above the 200-day MA at 75.49, reflecting a sustained uptrend into this buyback activity.

Peers on Argus

SHEL gained 0.58% while key peers like XOM (+1.74%), PBR (+0.87%), TTE (+0.70%),...

SHEL gained 0.58% while key peers like XOM (+1.74%), PBR (+0.87%), TTE (+0.70%), BP (+0.53%) and CVX (+0.18%) also advanced. Despite broad strength in integrated oils, momentum scanners did not flag a coordinated sector move, pointing to company-specific factors such as the ongoing buy-back.

Historical Context

5 past events · Latest: Apr 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 02	Share buy-back	Positive	+1.2%	Disclosure of 858,749 shares repurchased and cancelled under ongoing buy-back.
Apr 01	Share buy-back	Positive	-1.0%	Announcement of 2,379,170 shares bought back across six venues.
Mar 31	Share buy-back	Positive	+0.3%	Update on 1,337,682 shares repurchased for cancellation under programme.
Mar 31	Voting rights update	Neutral	+0.3%	Disclosure of total voting rights and capital as of 31 March 2026.
Mar 30	Share buy-back	Positive	+0.6%	Report of 472,613 shares repurchased across multiple venues in GBP and EUR.

Pattern Detected

Recent buy-back disclosures have been frequent, with mostly modest positive price alignment but at least one instance of divergence on similar news.

Recent Company History

Over late March and early April 2026, SHEL repeatedly reported on-market and off-market share repurchases and one voting rights update. Buy-back disclosures on Mar 30, Mar 31, Apr 1, and Apr 2 detailed cancellations ranging from hundreds of thousands to over 2.3 million shares, executed across UK and Dutch venues under UK MAR and EU MAR. Price reactions were generally modest, sometimes positive and once negative, indicating that such routine buy-back updates have produced mixed but contained share responses.

Market Pulse Summary

This announcement details another day of on- and off-market share repurchases under Shell’s existing...

Analysis

This announcement details another day of on- and off-market share repurchases under Shell’s existing buy-back, executed independently by Morgan Stanley across UK and Dutch venues in both GBP and EUR. Recent history shows frequent, routine updates on cancellations with generally modest price effects. Investors may focus on how continued reductions in share count interact with the stock’s position near its 52-week high and well above the 200-day MA, alongside ongoing regulatory compliance under UK MAR and EU MAR.

Key Terms

share buy-back programme, on-market limb, EU MAR, UK MAR, +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.

on-market limb financial

"These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme"

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.

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 previously announced on 05 February 2026."

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      

07 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 07 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
07/04/2026	394,936	35.8850	35.4300	35.6347	LSE	GBP
07/04/2026	174,793	35.8600	35.4400	35.6364	Chi-X (CXE)	GBP
07/04/2026	60,877	35.8400	35.4300	35.6157	BATS (BXE)	GBP
07/04/2026	365,225	41.1350	40.6050	40.8309	XAMS	EUR
07/04/2026	228,027	41.1250	40.6650	40.8326	CBOE DXE	EUR
07/04/2026	55,889	41.1000	40.6650	40.8517	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_2026-04-07

FAQ

How many shares did Shell (SHEL) buy back on 07 April 2026?

Shell repurchased 1,279,747 shares on 07 April 2026. According to the company, purchases were executed across six trading venues and will be cancelled under the buy-back programme.

What is the timeframe of Shell's (SHEL) buy-back programme related to the 07 April 2026 purchases?

The buy-back programme runs from 05 February 2026 to 01 May 2026. According to the company, Morgan Stanley will trade independently within pre-set parameters during this period.

Which trading venues did Shell (SHEL) use for the 07 April 2026 share purchases?

Shell purchased shares on LSE, Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE and TQEX on 07 April 2026. According to the company, volumes and VWAPs vary by venue.

Who executed the Shell (SHEL) share repurchases on behalf of the company?

Morgan Stanley & Co. International Plc executed the trades on behalf of Shell. According to the company, Morgan Stanley made trading decisions independently within pre-set programme parameters.

Will the shares repurchased by Shell (SHEL) on 07 April 2026 be cancelled?

Yes, the shares repurchased on 07 April 2026 were bought for cancellation. According to the company, these purchases form part of the on- and off-market limbs of the existing programme.

Were the 07 April 2026 share purchases by Shell (SHEL) compliant with market rules?

The transactions were conducted in compliance with UK MAR and onshored EU MAR rules. According to the company, the buy-back followed Chapter 9 of the UK Listing Rules and relevant delegated regulations.