Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on June 5, 2025, as part of its existing buyback program announced on May 2, 2025. The company bought back a total of 810,000 shares in GBP across LSE, Chi-X, and BATS venues, with prices ranging from £24.72 to £24.99. Additionally, approximately 865,000 shares were purchased in EUR across XAMS, CBOE DXE, and TQEX venues, with prices ranging from €29.43 to €29.83. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, under both on-market and off-market parameters, following UK Listing Rules and Market Abuse Regulations.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multiple trading venues utilized for efficient price execution and liquidity
• Independent management by BNP PARIBAS SA ensures compliance and trading objectivity

Negative

• None.

Insights

Financial Analyst

Shell continues executing its share buyback program, repurchasing 1.675 million shares across various trading venues on June 5.

Shell plc has continued its previously announced share buyback program with significant purchases on June 5, 2025. The company acquired approximately 810,000 shares on London exchanges at an average price of around £24.86 per share, and approximately 865,000 shares on European exchanges at roughly €29.64 per share - for a total of about 1.675 million shares in a single day.

These repurchases are part of Shell's broader buyback initiative announced on May 2, 2025, which will continue through July 25, 2025. The program is being executed by BNP PARIBAS SA, making independent trading decisions within pre-established parameters.

Share buybacks typically signal management's confidence in the company's valuation and financial health. By reducing the number of outstanding shares, Shell can increase earnings per share even without growing absolute profits. Buybacks also provide a tax-efficient way to return capital to shareholders compared to dividends, which face immediate taxation.

The significant daily volume indicates Shell's substantial commitment to shareholder returns through this capital allocation strategy. These buybacks align with the trend among major energy companies using strong cash flows to enhance shareholder value while maintaining financial flexibility for future investments and navigating energy transition challenges.

Transaction in Own Shares

5 June, 2025

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Shell plc (the ‘Company’) announces that on 5 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
05/06/2025	524,769	£24.9850	£24.7250	£24.8603	LSE	GBP
05/06/2025	182,511	£24.9900	£24.7250	£24.8520	Chi-X (CXE)	GBP
05/06/2025	102,720	£24.9850	£24.7300	£24.8686	BATS (BXE)	GBP
05/06/2025	515,433	€29.8350	€29.4350	€29.6339	XAMS	EUR
05/06/2025	296,768	€29.8300	€29.4350	€29.6427	CBOE DXE	EUR
05/06/2025	52,799	€29.8100	€29.4700	€29.7364	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 05

FAQ

How many shares did Shell (SHEL) repurchase on June 5, 2025?

Shell repurchased approximately 1.67 million shares total, with 810,000 shares in GBP across LSE, Chi-X, and BATS venues, and 865,000 shares in EUR across XAMS, CBOE DXE, and TQEX venues.

What was the price range for Shell's share buyback on June 5, 2025?

In GBP, shares were purchased between £24.72 and £24.99, while EUR purchases ranged from €29.43 to €29.83.

Who is managing Shell's buyback program and until when?

BNP PARIBAS SA is independently managing the trading decisions from May 2, 2025, until July 25, 2025.

What regulations govern Shell's share buyback program?

The program is conducted under UK Listing Rules, EU and UK Market Abuse Regulations (MAR), and the Commission Delegated Regulation.