Shell (NYSE:SHEL) repurchased shares for cancellation on 5 June 2026 under its ongoing share buy-back programme. A total of 1,250,000 shares were bought across LSE and Chi-X at volume-weighted average prices of £32.3157 and £32.3127 respectively.
The programme, announced on 7 May 2026, is executed by Goldman Sachs International within preset parameters and in compliance with EU and UK Market Abuse Regulations, running up to and including 24 July 2026.
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Positive
Repurchase of 1,250,000 shares for cancellation on 5 June 2026
Buy-backs executed at VWAPs around £32.31 per share
Ongoing buy-back programme running from 7 May to 24 July 2026
Use of independent broker Goldman Sachs International for execution
Negative
None.
News Market Reaction – SHEL
+1.46%
+1.46%Session close to close
In the Jun 8 session, SHEL gained 1.46%, reflecting a mild positive market reaction.
This announcement details another day of repurchases under Shell’s ongoing share buy-back, including...
Analysis
This announcement details another day of repurchases under Shell’s ongoing share buy-back, including 1,000,000 shares on the LSE and 250,000 on Chi-X at VWAPs just above £32.31. Recent history shows similar daily updates, with modest price moves both up and down following disclosures. Investors may watch cumulative shares cancelled, changes in voting rights, and how these transactions interact with movements in major peers across the integrated energy sector.
Key Figures
LSE shares repurchased:1,000,000 sharesChi-X shares repurchased:250,000 sharesLSE VWAP:£32.3157+5 more
8 metrics
LSE shares repurchased1,000,000 sharesBought for cancellation on 05/06/2026 on LSE
Chi-X shares repurchased250,000 sharesBought for cancellation on 05/06/2026 on Chi-X (CXE)
LSE VWAP£32.3157Volume-weighted average price per share on LSE 05/06/2026
Chi-X VWAP£32.3127Volume-weighted average price per share on Chi-X 05/06/2026
Purchase date05 June 2026Date of reported share repurchases for cancellation
Programme start date7 May 2026Start of current buy-back period run by Goldman Sachs International
Programme end date24 July 2026Scheduled end of independently executed buy-back window
Brexit transition end31 December 2020 at 11:00 pmReference point for EU MAR and related UK MAR onshoring
Updated total voting rights to 5,586,155,889 shares with no treasury stock.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent buy-back disclosures have triggered mostly modest moves, with two small negative reactions (-0.05%, -0.06%) and two positive ones (+1.65%, +1.53%), suggesting limited but occasionally supportive impact from similar announcements.
Recent Company History
Over the last weeks, Shell has consistently reported daily share repurchases under its ongoing buy-back programme. Between 29 May and 3 June 2026, the company disclosed multiple transactions, typically around 1.0–1.4 million shares per day across LSE and Chi-X, at volume-weighted prices near £31–£32.6. Price reactions to these updates ranged from slightly negative (-0.06%) to constructive (+1.65%). A separate May 29, 2026 voting rights update confirmed 5,586,155,889 shares outstanding and no treasury shares, framing how ongoing cancellations affect capital structure.
Key Terms
share buy-back programme, uk listing rules, eu mar, uk mar, +1 more
5 terms
share buy-back programmefinancial
"These share purchases form part of the Company's share buy-back programme previously announced..."
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.
uk listing rulesregulatory
"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules..."
UK listing rules are a set of regulations that companies must follow to be officially listed on a UK stock exchange. These rules ensure that companies provide clear, accurate, and sufficient information to protect investors and maintain market confidence, similar to how safety standards ensure products are reliable. Adhering to these rules is important for investors because it helps them make informed decisions about buying or selling company shares.
eu marregulatory
"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 marregulatory
"and the Market Abuse (Amendment) (EU Exit) Regulations ... from time to time ("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.
make-whole spreadsfinancial
"including make‑whole spreads (e.g., 50 bps for the 2038 notes...)"
A make-whole spread is the extra number of basis points added to a government bond yield that determines how much a borrower must pay to redeem a bond early under a make-whole provision. It converts the future interest the lender will lose into a single lump-sum payment today, like offering a little bonus to someone who gives up a long-term allowance. For investors, the spread controls how much compensation they get if a bond is called and affects the bond’s valuation and yield risk.
Shell plc (the 'Company') announces that on 05 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
05/06/2026
1,000,000
£ 32.4200
£ 32.0950
£ 32.3157
LSE
GBP
05/06/2026
250,000
£ 32.4200
£ 32.1100
£ 32.3127
Chi-X (CXE)
GBP
05/06/2026
-
-
-
-
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.
What share buy-back did Shell (SHEL) execute on 5 June 2026?
Shell repurchased 1,250,000 shares for cancellation on 5 June 2026. According to Shell, 1,000,000 shares were bought on the LSE and 250,000 on Chi-X as part of its previously announced buy-back programme.
At what prices did Shell (SHEL) repurchase shares on 5 June 2026?
Shell’s 5 June 2026 buy-backs were executed around £32.31 per share. According to Shell, the volume-weighted average prices were £32.3157 on the LSE and £32.3127 on Chi-X, within disclosed high and low price ranges.
Which trading venues were used for Shell’s (SHEL) 5 June 2026 share repurchases?
Shell carried out buy-backs on the LSE and Chi-X (CXE) on 5 June 2026. According to Shell, these trades formed part of its ongoing share buy-back programme, with Goldman Sachs International executing transactions independently.
How long will Shell’s (SHEL) 2026 share buy-back programme run?
Shell’s current buy-back programme runs from 7 May 2026 to 24 July 2026. According to Shell, Goldman Sachs International will make independent trading decisions during this period within preset parameters and applicable EU and UK Market Abuse Regulations.
Who executes Shell’s (SHEL) share buy-back trades in 2026?
Goldman Sachs International executes Shell’s share buy-back trades independently. According to Shell, the broker makes trading decisions within preset parameters between 7 May 2026 and 24 July 2026, under the company’s general authority to repurchase shares.
Are Shell’s (SHEL) 2026 share repurchases being cancelled?
Yes, Shell’s 5 June 2026 share repurchases are for cancellation. According to Shell, the 1,250,000 shares bought under the buy-back programme reduce the company’s share count rather than being held in treasury.
