Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has announced its latest share buyback transaction on June 25, 2025. The company purchased a total of 2,315,000 shares across multiple trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The purchases were executed at prices ranging from £25.5850 to £26.0200 on UK venues and €30.1100 to €30.6650 on European venues.

These purchases are part of Shell's share buyback programme announced on May 2, 2025, which will continue until July 25, 2025. BNP PARIBAS SA is managing the trading decisions independently, executing both on-market and off-market purchases within pre-set parameters.

Positive

• Continued execution of share buyback program demonstrates strong capital return commitment to shareholders
• Multiple trading venue approach ensures efficient price execution and market liquidity
• Independent management by BNP PARIBAS SA ensures transparent and compliant execution

Negative

• Capital expenditure on buybacks reduces cash available for operational investments
• Share repurchases may indicate limited organic growth opportunities

Insights

Financial Analyst

Shell continues executing its share buyback program, repurchasing over 2.3 million shares across multiple exchanges on June 25.

Shell plc has continued executing its previously announced share buyback program, purchasing approximately 2.3 million shares for cancellation on June 25, 2025. The company acquired 1.16 million shares across UK venues at prices ranging from £25.59 to £26.02, with a volume-weighted average price of about £25.78. Additionally, Shell purchased 1.15 million shares across European exchanges at prices between €30.11 and €30.67, with average prices around €30.34.

This activity is part of Shell's broader share repurchase initiative announced on May 2, 2025, which is scheduled to run through July 25, 2025. The program includes both on-market and off-market components, with BNP PARIBAS SA making independent trading decisions within pre-set parameters. The buyback adheres to UK Listing Rules and Market Abuse Regulations across both UK and EU jurisdictions.

Share buybacks typically signal management's confidence in the company's valuation and financial position. By reducing the number of outstanding shares, Shell potentially increases earnings per share and shareholder value. This systematic capital return approach aligns with broader industry trends among energy majors who have been generating substantial cash flows and prioritizing shareholder returns alongside strategic investments.

Transaction in Own Shares

25 June, 2025

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Shell plc (the ‘Company’) announces that on 25 June, 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
25/06/2025	858,815	£26.0200	£25.5850	£25.7661	LSE	GBP
25/06/2025	193,372	£26.0200	£25.5850	£25.7716	Chi-X (CXE)	GBP
25/06/2025	107,813	£26.0200	£25.6000	£25.8510	BATS (BXE)	GBP
25/06/2025	749,034	€30.6650	€30.1150	€30.3359	XAMS	EUR
25/06/2025	359,433	€30.6650	€30.1100	€30.3429	CBOE DXE	EUR
25/06/2025	46,533	€30.6550	€30.1800	€30.5381	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 06 25

FAQ

How many shares did Shell (SHEL) purchase on June 25, 2025?

Shell purchased a total of 2,315,000 shares across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

What is the price range of Shell's share buyback on June 25, 2025?

On UK venues, shares were purchased between £25.5850 to £26.0200, and on European venues between €30.1100 to €30.6650.

When will Shell's current share buyback program end?

The current share buyback program, which began on May 2, 2025, will continue until July 25, 2025.

Who is managing Shell's share buyback program?

BNP PARIBAS SA is independently managing the trading decisions for the share buyback program within pre-set parameters.

What is the purpose of Shell's share buyback program?

The program aims to return capital to shareholders through both on-market and off-market share repurchases, executed within pre-set parameters and regulatory requirements.