Transaction in Own Shares

Rhea-AI Summary

Shell (LON:SHEL) reported share buyback transactions on 2 June 2026 for its ongoing repurchase programme.

The company bought 750,542 shares on the LSE at a VWAP of £31.9460 and 200,000 shares on Chi-X at a VWAP of £31.9019, for cancellation.

Goldman Sachs International executes trades independently between 7 May and 24 July 2026 under EU MAR and UK MAR rules.

News Market Reaction – SHEL

-0.06%

-0.06% News Effect

On the day this news was published, SHEL declined 0.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details further execution under Shell’s share buy-back programme, with purchases o...

Analysis

This announcement details further execution under Shell’s share buy-back programme, with purchases on 02 June 2026 across LSE and Chi-X at volume-weighted prices near £31.9. It follows a series of similar disclosures in late May 2026, all conducted under EU MAR and UK MAR rules. Investors may monitor the cumulative number of shares cancelled, the programme’s scheduled end on 24 July 2026, and how this capital return interacts with overall sector conditions.

Key Figures

Shares repurchased LSE: 750,542 shares Shares repurchased Chi-X: 200,000 shares Highest price LSE: £32.1200 +5 more

8 metrics

Shares repurchased LSE 750,542 shares Purchased 02/06/2026 on LSE for cancellation

Shares repurchased Chi-X 200,000 shares Purchased 02/06/2026 on Chi-X (CXE) for cancellation

Highest price LSE £32.1200 Highest price paid per share on LSE 02/06/2026

VWAP LSE £31.9460 Volume weighted average price on LSE 02/06/2026

VWAP Chi-X £31.9019 Volume weighted average price on Chi-X 02/06/2026

Buy-back period 7 May 2026–24 July 2026 Programme window with Goldman Sachs International trading independently

Current price $86.82 Price before this news; <b>1.65%</b> above prior close

52-week range $66.82–$94.90 Sits 8.51% below high and 29.93% above low pre-announcement

Historical Context

5 past events · Latest: Jun 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 01	Share buy-back update	Positive	+1.5%	Repurchase of 1,140,000 shares for cancellation under ongoing buy-back.
May 29	Capital structure update	Neutral	+0.3%	Disclosure of total ordinary shares in issue and voting rights basis.
May 29	Share buy-back update	Positive	+0.3%	Buy-back of 1,829,384 shares across multiple venues within price range.
May 28	Share buy-back update	Positive	+0.0%	Repurchase of 1,979,245 shares for cancellation at VWAP near £31.12.
May 27	Share buy-back update	Positive	-1.4%	Announcement of 26 May buy-backs under programme started 7 May 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Repeated buy-back disclosures have generally seen modestly positive price reactions, with one recent divergence.

Recent Company History

Recent news for Shell has focused on ongoing share repurchases and capital structure transparency. Multiple "Transaction in Own Shares" updates in late May 2026 detailed buy-backs across LSE, Chi-X and BATS, typically in the £31–£32 range, with most events followed by small positive price moves. A "Voting Rights and Capital" update on May 29, 2026 clarified the total share count and absence of treasury shares. Today’s buy-back disclosure continues this pattern of incremental capital-return updates.

Key Terms

share buy-back programme, eu mar, uk mar, market abuse (amendment) (eu exit) regulations (si 2019/310)

4 terms

share buy-back programme financial

"These share purchases form part of the Company's 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.

eu mar regulatory

"Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ("EU MAR")..."

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

"...and the EU MAR Delegated Regulation as "onshored" into UK law... ("UK MAR")..."

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.

market abuse (amendment) (eu exit) regulations (si 2019/310) regulatory

"...including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time."

A set of UK rules that update the law on insider trading, market manipulation and related disclosure duties to reflect the country’s departure from the EU. It is essentially an updated rulebook that keeps enforcement powers, reporting requirements and protections for honest investors working smoothly after the legal change; investors care because it clarifies what behaviour is illegal, how markets stay fair, and what companies must disclose.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Transaction in Own Shares

02 June, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 02 June, 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
02/06/2026	750,542	£ 32.1200	£ 31.6150	£ 31.9460	LSE	GBP
02/06/2026	200,000	£ 32.1200	£ 31.6100	£ 31.9019	Chi-X (CXE)	GBP
02/06/2026	-	-	-	-	BATS (BXE)	GBP

These share purchases form part of the Company's share buy-back programme previously announced on 7 May 2026.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 7 May 2026 up to and including 24 July 2026.

Any such share purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares. 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 Goldman Sachs International 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

• 20260602_Shell RNS - full version

FAQ

What share buyback did Shell (SHEL) complete on 2 June 2026?

Shell bought back shares for cancellation as part of its ongoing programme. According to Shell, it repurchased 750,542 shares on the LSE and 200,000 shares on Chi-X on 2 June 2026, all to be cancelled.

At what prices did Shell (SHEL) repurchase shares on 2 June 2026?

Shell repurchased shares within a narrow price range on 2 June 2026. According to Shell, the LSE trades had a volume-weighted average price of £31.9460, while Chi-X trades had a volume-weighted average price of £31.9019 per share.

How many Shell (SHEL) shares were cancelled from the 2 June 2026 buyback?

Shell intends to cancel all shares repurchased on 2 June 2026. According to Shell, this includes 750,542 shares bought on the LSE and 200,000 shares on Chi-X, reducing the company’s outstanding share count subject to settlement.

Which bank executes Shell (SHEL) buybacks in the May–July 2026 programme?

Goldman Sachs International executes Shell’s buybacks during this phase of the programme. According to Shell, the bank makes independent trading decisions from 7 May 2026 up to and including 24 July 2026 within pre-set parameters.

Under which regulations is the Shell (SHEL) June 2026 buyback conducted?

The June 2026 Shell buyback is carried out under EU and UK market abuse rules. According to Shell, the programme complies with Chapter 9 of the UK Listing Rules, EU MAR, UK MAR and the EU MAR Delegated Regulation.

Is the 2 June 2026 Shell (SHEL) buyback part of a wider programme?

Yes, the 2 June 2026 transactions form part of a broader Shell share buyback. According to Shell, this programme was announced on 7 May 2026 and runs with independent execution by Goldman Sachs International until 24 July 2026.