Transaction in Own Shares

Rhea-AI Summary

Shell (LON:SHEL) reported that on 15 July 2026 it repurchased a total of 3,075,000 shares for cancellation under its previously announced share buy-back programme.

The purchases were executed by Goldman Sachs International independently of Shell on the LSE, Chi-X (CXE) and BATS (BXE) at volume-weighted average prices between £31.6148 and £31.6341 per share. The programme is being conducted within pre-set parameters and in compliance with UK Listing Rules, EU MAR, UK MAR and related delegated regulations, for the period from 7 May 2026 up to and including 24 July 2026.

Positive

• 3,075,000 shares repurchased for cancellation on 15 July 2026
• Buy-back executed across three venues at VWAPs around £31.62 per share

Negative

• None.

News Market Reaction – SHEL

+0.52%

+0.52% News Effect

On the day this news was published, SHEL gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against low reported short positioning and mixed reactions to prior news, this buyback activity ...

Analysis

Set against low reported short positioning and mixed reactions to prior news, this buyback activity adds another capital-management data point without an obvious directional read-through. Investors may watch how it interacts with upcoming events like the Q2 2026 results and broader energy-sector sentiment.

Key Figures

Shares repurchased (LSE): 1,543,000 shares Shares repurchased (Chi-X CXE): 302,000 shares Shares repurchased (BATS BXE): 1,230,000 shares +5 more

8 metrics

Shares repurchased (LSE) 1,543,000 shares Purchased for cancellation on 15/07/2026 on LSE

Shares repurchased (Chi-X CXE) 302,000 shares Purchased for cancellation on 15/07/2026 on Chi-X (CXE)

Shares repurchased (BATS BXE) 1,230,000 shares Purchased for cancellation on 15/07/2026 on BATS (BXE)

Highest price paid £31.8650 Maximum price per share paid on 15/07/2026

Lowest price paid £31.3100 Minimum price per share paid on 15/07/2026

VWAP (LSE) £31.6176 Volume weighted average price on LSE 15/07/2026

VWAP (Chi-X CXE) £31.6148 Volume weighted average price on Chi-X (CXE) 15/07/2026

VWAP (BATS BXE) £31.6341 Volume weighted average price on BATS (BXE) 15/07/2026

Historical Context

5 past events · Latest: Jul 09 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 09	Exchange offers results	Neutral	-1.0%	Final results of exchange offers for certain Shell Finance US notes.
Jul 07	Q2 2026 update note	Neutral	+4.9%	Updated outlook for Q2 2026 ahead of July 30 results.
Jul 06	PDMR shareholding update	Neutral	+0.1%	Disclosure of senior managers’ dividend‑linked share transactions.
Jun 30	Voting rights update	Neutral	+0.8%	Reported total voting rights and capital as of June 30, 2026.
Jun 15	Q1 2026 dividend terms	Neutral	-3.6%	Confirmed currency equivalents for first quarter 2026 interim dividend.

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

Pattern Detected

Recent Shell news has been followed by both positive and negative next‑day price moves, with no consistent directional pattern.

Key Terms

share buy-back programme, uk listing rules

2 terms

share buy-back programme financial

"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 rules regulatory

"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.

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

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Transaction in Own Shares

15 July, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 15 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
15/07/2026	1,543,000	£ 31.8650	£ 31.3100	£ 31.6176	LSE	GBP
15/07/2026	302,000	£ 31.8600	£ 31.3100	£ 31.6148	Chi-X (CXE)	GBP
15/07/2026	1,230,000	£ 31.8600	£ 31.4000	£ 31.6341	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

• 20260715_Shell RNS - full version

FAQ

How many Shell (SHEL) shares were bought back on 15 July 2026?

Shell repurchased a total of 3,075,000 shares on 15 July 2026. According to Shell, these shares were acquired for cancellation as part of its ongoing buy-back programme using Goldman Sachs International as executing broker.

At what prices did Shell (SHEL) repurchase shares on 15 July 2026?

Shell repurchased shares at volume-weighted average prices between £31.6148 and £31.6341 per share. According to Shell, the highest prices paid were up to £31.8650 and the lowest prices paid were from £31.3100 across the three trading venues.

Which trading venues were used for Shell’s (SHEL) share buyback on 15 July 2026?

Shell’s shares were repurchased on the LSE, Chi-X (CXE) and BATS (BXE) on 15 July 2026. According to Shell, Goldman Sachs International executed these trades independently on these venues under the company’s authorised buy-back programme.

Is Shell’s (SHEL) July 2026 share repurchase part of a broader buyback programme?

Yes, the 15 July 2026 repurchases form part of Shell’s previously announced buy-back programme. According to Shell, this programme runs from 7 May 2026 up to and including 24 July 2026, with trades executed by Goldman Sachs International.

Who executes Shell’s (SHEL) share buyback trades in 2026 and under what framework?

Goldman Sachs International executes Shell’s share buyback trades independently of Shell for the specified period in 2026. According to Shell, the programme operates within pre-set parameters and complies with UK Listing Rules, EU MAR, UK MAR and related delegated regulations.