Transaction in Own Shares

Rhea-AI Summary

Shell (LSE:SHEL) reported that on 20 July 2026 it repurchased 90,000 shares on the LSE at a volume-weighted average price of £32.1249 and 94,107 shares on BATS (BXE) at £31.8500 per share, for cancellation, under its existing share buy-back programme.

According to Shell, the buy-back programme was announced on 7 May 2026, with Goldman Sachs International making trading decisions independently of the company between 7 May and 24 July 2026. The programme is being executed within pre-set parameters and in compliance with UK MAR, EU MAR and related delegated regulations.

Positive

• 184,107 shares repurchased for cancellation on 20 July 2026 under the buy-back programme
• Buy-back trades executed under independent mandate with Goldman Sachs International to 24 July 2026

Negative

• None.

News Market Reaction – SHEL

+1.16%

+1.16% News Effect

On the day this news was published, SHEL gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Historical event 1083605 provides a prior buy-back comparison for this announcement. The record adds...

Analysis

Historical event 1083605 provides a prior buy-back comparison for this announcement. The record adds company-specific context, while current low short positioning is a sourced risk factor to monitor alongside future programme disclosures.

Key Figures

LSE shares purchased: 90,000 shares LSE highest price: £32.5500 LSE lowest price: £31.8350 +4 more

7 metrics

LSE shares purchased 90,000 shares 20 July 2026; purchased for cancellation

LSE highest price £32.5500 20 July 2026 purchase

LSE lowest price £31.8350 20 July 2026 purchase

LSE VWAP £32.1249 per share 20 July 2026 purchase

BATS shares purchased 94,107 shares 20 July 2026; purchased for cancellation

BATS purchase price £31.8500 per share Highest, lowest and volume-weighted average price on BATS

Buy-back programme period 7 May 2026 to 24 July 2026 Goldman Sachs International trading period

Historical Context

5 past events · Latest: Jul 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 20	Share buy-back	Positive	-1.3%	Shell repurchased 1,885,085 shares for cancellation under its buy-back programme.
Jul 16	Share buy-back	Positive	+0.5%	Shell repurchased 3,075,000 shares for cancellation under its announced programme.
Jul 09	Debt exchange	Neutral	-1.0%	Shell accepted $6,298,101,000 principal of Restricted Notes for registered Exchange Notes.
Jul 07	Outlook update	Positive	+4.9%	Shell updated Q2 2026 guidance ahead of its July 30 results.
Jul 06	Dividend shareholding	Neutral	+0.1%	Senior managers received dividend shares in ordinary shares and American Depositary Shares.

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

Pattern Detected

Shell's two recent buy-back notices produced mixed 24-hour reactions, while the prior positive outlook update was followed by a stronger positive reaction.

Key Terms

share buy-back programme, volume weighted average price, uk mar, eu mar

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.

volume weighted average price financial

"Volume weighted average price paid per share"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

uk mar regulatory

"and as amended, supplemented, restated, novated, substituted or replaced"

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.

eu mar regulatory

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

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.

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

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Transaction in Own Shares

20 July, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 20 July, 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
20/07/2026	90,000	£ 32.5500	£ 31.8350	£ 32.1249	LSE	GBP
20/07/2026	-	-	-	-	Chi-X (CXE)	GBP
20/07/2026	94,107	£ 31.8500	£ 31.8500	£ 31.8500	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

• 20260720_Shell RNS - full version

FAQ

What did Shell (SHEL) announce about its share buyback on 20 July 2026?

Shell reported repurchasing 184,107 shares for cancellation on 20 July 2026. According to Shell, 90,000 shares were bought on the LSE and 94,107 on BATS, as part of its previously announced 2026 share buy-back programme.

At what prices did Shell (SHEL) repurchase shares on 20 July 2026?

Shell bought LSE-listed shares at a volume-weighted average of £32.1249 and BATS shares at £31.8500. According to Shell, the highest price on the LSE venue was £32.5500 and the lowest was £31.8350 during that trading day.

Which trading venues did Shell (SHEL) use for its 20 July 2026 share repurchases?

Shell used the London Stock Exchange (LSE) and BATS (BXE) to repurchase shares on 20 July 2026. According to Shell, 90,000 shares were bought on the LSE and 94,107 on BATS; Chi-X (CXE) showed no executed volume.

How does the 20 July 2026 Shell (SHEL) buyback relate to its 2026 programme?

The 20 July 2026 repurchases form part of Shell’s share buy-back programme announced on 7 May 2026. According to Shell, this programme runs with an independent trading mandate and preset parameters through 24 July 2026, subject to regulatory rules.

Who manages trading decisions for Shell’s (SHEL) 2026 share buy-back programme?

Goldman Sachs International makes the trading decisions independently for Shell’s buy-back between 7 May and 24 July 2026. According to Shell, share purchases under this mandate follow preset parameters and comply with UK MAR, EU MAR and associated delegated regulations.

Are Shell (SHEL) shares repurchased on 20 July 2026 being cancelled?

Yes, Shell stated that the shares bought on 20 July 2026 are for cancellation. According to Shell, these repurchases reduce the number of shares in issue as part of its ongoing buy-back programme conducted within regulatory requirements.