Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on September 2, 2025, as part of its previously announced buyback program. The company purchased a total of 1,535,582 shares across various exchanges including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

The purchases were made at prices ranging from £27.17 to £27.635 on UK venues and €31.455 to €31.945 on European venues. This initiative is part of Shell's broader share buyback programme announced on July 31, 2025, which will continue through October 24, 2025, with HSBC Bank plc managing the trading decisions independently.

Positive

• None.

Negative

• Significant cash expenditure on share repurchases may reduce funds available for operations or investments

Insights

Financial Markets Specialist

Shell continues systematic share buyback program, purchasing 1.5+ million shares across multiple venues as part of its previously announced repurchase plan.

Shell's latest share repurchase update reveals the company purchased approximately 1.54 million shares on September 2, 2025, across multiple trading venues in both GBP and EUR denominations. The company acquired about 749,323 shares on UK exchanges at prices ranging from £27.17 to £27.64, with a volume-weighted average price of approximately £27.39. Simultaneously, Shell purchased roughly 786,259 shares on European exchanges at prices between €31.46 and €31.95, averaging around €31.67 per share.

This transaction represents the continuation of Shell's buyback program announced on July 31, 2025, which is scheduled to run through October 24, 2025. The program utilizes both on-market and off-market mechanisms, with HSBC Bank making independent trading decisions within preset parameters. The systematic repurchasing of shares effectively reduces Shell's outstanding share count, potentially supporting earnings per share metrics by distributing profits across fewer shares.

These ongoing buybacks demonstrate Shell's commitment to returning capital to shareholders beyond its regular dividend program. Such share repurchases typically reflect management's confidence in the company's financial position and future prospects. For a major energy company like Shell, maintaining this buyback program signals financial strength amid the industry's cyclical nature and energy transition challenges.

Transaction in Own Shares   

2 September, 2025

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Shell plc (the ‘Company’) announces that on 2 September, 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
02/09/2025	307,082	£27.6350	£27.1700	£27.3849	LSE	GBP
02/09/2025	199,456	£27.6350	£27.1700	£27.4000	Chi-X (CXE)	GBP
02/09/2025	242,785	£27.6350	£27.1700	£27.3780	BATS (BXE)	GBP
02/09/2025	441,413	€31.9450	€31.4550	€31.6636	XAMS	EUR
02/09/2025	307,351	€31.9450	€31.4550	€31.6397	CBOE DXE	EUR
02/09/2025	37,495	€31.9400	€31.5350	€31.7582	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 31 July 2025.

In respect of this programme, HSBC Bank plc will make trading decisions in relation to the securities independently of the Company for a period from 31 July 2025 up to and including 24 October 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 HSBC Bank 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

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• Shell RNS (Extended) 20250902

FAQ

How many shares did Shell (SHEL) purchase on September 2, 2025?

Shell purchased a total of 1,535,582 shares across multiple trading venues, including 749,323 shares on UK venues (LSE, Chi-X, BATS) and 786,259 shares on European venues (XAMS, CBOE DXE, TQEX).

What is the duration of Shell's current share buyback program?

Shell's current share buyback program runs from July 31, 2025 through October 24, 2025, with HSBC Bank plc making independent trading decisions.

What was the price range for Shell's share purchases on September 2, 2025?

On UK venues, shares were purchased between £27.17 to £27.635, while on European venues, the price range was €31.455 to €31.945.

Who manages Shell's share buyback program?

HSBC Bank plc manages the trading decisions independently of Shell, operating within pre-set parameters for both on-market and off-market purchases.

What regulatory frameworks govern Shell's share buyback program?

The program is conducted under UK Listing Rules Chapter 9, EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052, including post-Brexit adaptations.