Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) purchased 1,500,136 ordinary shares for cancellation on 05 January 2026 under its existing buy-back programme announced on 30 October 2025. Purchases by venue: 752,239 shares on LSE at a volume-weighted average price of £27.5473 and 747,897 shares on XAMS at a volume-weighted average price of €31.8115. No trades were reported on Chi-X, BATS, CBOE DXE or TQEX for the date.
The programme is being executed on- and off-market within pre-set parameters, with Merrill Lynch International making independent trading decisions from 30 October 2025 through 30 January 2026, and will be conducted in accordance with UK MAR and related regulations.
Positive
- Total shares repurchased: 1,500,136 on 05/01/2026
- LSE VWAP: £27.5473 for 752,239 shares
- XAMS VWAP: €31.8115 for 747,897 shares
- Buy-back executed under existing shareholder-approved programme
Negative
- Purchases confined to a single trading day: 05/01/2026
- Programme active only until 30 January 2026, limiting remaining window
News Market Reaction – SHEL
On the day this news was published, SHEL declined 0.54%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Major integrated peers were also positive, with CVX +2.45%, XOM +2.13%, BP +2.08%, TTE +1.62%, and PBR +0.34%, suggesting broader Energy strength alongside Shell’s buyback activity.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 31 | Capital disclosure | Neutral | -0.5% | Updated total voting rights and share capital after recent buy-backs. |
| Dec 31 | Share repurchase | Neutral | -0.5% | Reported daily buy-back volumes and prices on LSE and XAMS. |
| Dec 30 | Share repurchase | Neutral | +1.0% | Disclosed 1.86M shares repurchased across LSE and XAMS for cancellation. |
| Dec 29 | Share repurchase | Neutral | +0.4% | Continued execution of buy-back programme with LSE and XAMS purchases. |
| Dec 24 | Share repurchase | Neutral | -0.3% | Ongoing buy-back with separate GBP and EUR venue disclosures. |
Recent buy-back and capital-structure disclosures have typically produced modest, mixed price reactions, with no consistent directional pattern around these routine repurchase updates.
Over the past weeks, Shell has repeatedly reported on its share buy-back activity and capital structure. Updates on 24–31 Dec 2025 detailed daily repurchases across LSE and XAMS, with volumes often in the hundreds of thousands of shares per venue and immediate cancellations. A separate notice on Dec 31, 2025 confirmed total voting rights of 5,718,636,398 ordinary shares with no treasury stock. Today’s announcement continues the same October 30, 2025 buy-back programme, showing ongoing execution rather than a new strategic shift.
Market Pulse Summary
This announcement details another day of share repurchases under Shell’s buy-back programme announced on 30 October 2025, with purchases across both LSE and XAMS at specified volume-weighted prices. It continues a sequence of late-2025 disclosures highlighting ongoing cancellations and updated voting rights, without introducing new strategic information. Investors following this programme may focus on cumulative volumes, execution period through 30 January 2026, and how these reductions interact with broader Energy sector conditions.
Key Terms
eu mar regulatory
uk mar regulatory
off-market buyback contract financial
AI-generated analysis. Not financial advice.
Transaction in Own Shares
05 January, 2026
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 05 January, 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 |
| 05/01/2026 | 752,239 | 27.9400 | 27.2200 | 27.5473 | LSE | GBP |
| 05/01/2026 | - | - | - | - | Chi-X (CXE) | GBP |
| 05/01/2026 | - | - | - | - | BATS (BXE) | GBP |
| 05/01/2026 | 747,897 | 32.1850 | 31.4450 | 31.8115 | XAMS | EUR |
| 05/01/2026 | - | - | - | - | CBOE DXE | EUR |
| 05/01/2026 | - | - | - | - | 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 30 October 2025.
In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.
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 Merrill Lynch 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
FAQ
How many shares did Shell (SHEL) repurchase on 05 January 2026?
What were the VWAPs for SHEL shares bought on 05/01/2026 on LSE and XAMS?
Does Shell (SHEL) have a buy-back programme active after 05 January 2026?
Who is making trading decisions for Shell's (SHEL) buy-back programme?
Were any SHEL trades reported on Chi-X, BATS, CBOE DXE or TQEX on 05/01/2026?
