Transaction in Own Shares

Shell (SHEL) purchased 4,450,454 shares for cancellation on 08 April 2026 across multiple venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

Rhea-AI Summary

Shell (SHEL) purchased 4,450,454 shares for cancellation on 08 April 2026 across multiple venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

Trades were executed under the existing buy-back programme announced 05 February 2026, with Morgan Stanley making independent trading decisions through 01 May 2026.

Positive

• 4,450,454 shares purchased for cancellation on 08 April 2026
• Buy-back executed across six trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX)
• Programme runs under existing authority from 05 Feb 2026 to 01 May 2026

Negative

• Significant VWAP spread between GBP (~33.62) and EUR (~38.62) venue executions

Argus Apr 8 session

-2.27% close to close Open Argus

Details

News Market Reaction – SHEL

On Apr 8, the day this news came out, SHEL closed 2.27% below the previous close.

Data tracked by StockTitan Argus for the Apr 8 session.

Key Figures

LSE shares bought: 1,504,732 shares LSE VWAP: 33.6212 GBP Chi-X shares bought: 534,310 shares +5 more

LSE shares bought

1,504,732 shares

Repurchased on 08/04/2026 at LSE for cancellation

LSE VWAP

33.6212 GBP

Volume weighted average price on 08/04/2026 at LSE

Chi-X shares bought

534,310 shares

Repurchased on 08/04/2026 at Chi-X (CXE) for cancellation

XAMS shares bought

1,331,842 shares

Repurchased on 08/04/2026 at XAMS for cancellation

XAMS VWAP

38.6168 EUR

Volume weighted average price on 08/04/2026 at XAMS

TQEX shares bought

117,452 shares

Repurchased on 08/04/2026 at TQEX for cancellation

Programme start

05 February 2026

Start date of existing share buy-back programme

Programme end

01 May 2026

Scheduled end date of current buy-back window

Historical Context

5 past events · Latest: Apr 07

5 events

1. Apr 07

   Share buy-back

   24h Move

   +0.5%

   Repurchase of 1,279,747 shares for cancellation under ongoing buy-back.

2. Apr 07

   Insider shareholding

   24h Move

   +0.5%

   PDMRs received dividend shares following 30 March 2026 interim dividend.

3. Apr 02

   Share buy-back

   24h Move

   +1.2%

   858,749 shares repurchased for cancellation across six trading venues.

4. Apr 01

   Share buy-back

   24h Move

   -1.0%

   2,379,170 shares cancelled; update coincided with -1.04% price move.

5. Mar 31

   Share buy-back

   24h Move

   +0.3%

   1,337,682 shares repurchased and cancelled under February–May programme.

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

Key Terms

volume weighted average price, buy-back programme, eu mar, uk mar, +2 more

6 terms

volume weighted average price technical

"Volume weighted average price paid per share | Venue | Currency"

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.

buy-back programme financial

"part of the on- and off-market limbs of the Company's existing share buy-back programme"

A buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.

eu mar regulatory

"dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law"

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

"from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052"

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.

uk listing rules regulatory

"conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5"

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.

off-market buyback contract financial

"repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders"

An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.

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

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Transaction in Own Shares      
08 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 08 April 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
08/04/2026	1,504,732	33.9800	32.5650	33.6212	LSE	GBP
08/04/2026	534,310	33.9700	32.5650	33.5726	Chi-X (CXE)	GBP
08/04/2026	230,161	33.9700	32.9900	33.6037	BATS (BXE)	GBP
08/04/2026	1,331,842	39.0800	37.4500	38.6168	XAMS	EUR
08/04/2026	731,957	39.0800	37.3450	38.6173	CBOE DXE	EUR
08/04/2026	117,452	39.0000	37.9250	38.4804	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 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 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 Morgan Stanley & Co. International Plc 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

• Shell_PDF_2026-04-08

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Shell (SHEL) buy back on 08 April 2026?

Shell repurchased 4,450,454 shares on 08 April 2026. According to the company, the purchases were executed across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX venues.

Are the Shell (SHEL) shares bought on 08 April 2026 being cancelled or held in treasury?

The shares purchased on 08 April 2026 were bought for cancellation. According to the company, the trades were executed as part of its ongoing buy-back programme announced 05 February 2026.

Who executed the Shell (SHEL) buy-back trades through 01 May 2026?

Morgan Stanley & Co. International Plc made trading decisions independently for the programme. According to the company, Morgan Stanley will trade from 05 February 2026 to 01 May 2026.

What venues and currencies were used for Shell (SHEL) 08 April 2026 purchases?

Purchases occurred on LSE, Chi-X, BATS (GBP) and XAMS, CBOE DXE, TQEX (EUR). According to the company, transactions were reported with GBP and EUR VWAPs.

How does the 08 April 2026 buy-back comply with regulations for Shell (SHEL)?

The buy-back was conducted under Chapter 9 UK Listing Rules and EU/UK MAR provisions. According to the company, the programme follows the EU MAR Delegated Regulation and UK MAR onshored rules.