What did Shell (SHEL) announce about its share buyback on 28 May 2026?

Shell announced it repurchased shares for cancellation on 28 May 2026 under its ongoing buy-back programme. According to Shell, the transactions were executed on multiple venues within pre-set parameters and in line with its general authority to repurchase shares and applicable regulations.

What price did Shell (SHEL) pay per share in the 28 May 2026 buyback?

Shell paid between £31.1450 and £31.5800 per share in its 28 May 2026 repurchases. According to Shell, the volume-weighted average prices were £31.3891 on LSE, £31.3878 on Chi-X (CXE) and £31.3817 on BATS (BXE), all in GBP.

Which trading venues did Shell (SHEL) use for the 28 May 2026 share repurchases?

Shell used the London Stock Exchange, Chi-X (CXE) and BATS (BXE) for its 28 May 2026 buyback trades. According to Shell, all purchases were made in GBP and formed part of its previously announced share buy-back programme.

How does Goldman Sachs International participate in Shell’s 2026 share buyback programme?

Goldman Sachs International executes Shell’s share repurchases independently for a set programme period. According to Shell, Goldman Sachs makes trading decisions from 7 May 2026 up to and including 24 July 2026, operating within pre-set parameters on behalf of the company.

Under which regulations is Shell’s (SHEL) 2026 share buyback being conducted?

Shell’s 2026 share buyback is being conducted under UK Listing Rules Chapter 9, EU MAR and UK MAR frameworks. According to Shell, the programme also follows the Commission Delegated Regulation (EU) 2016/1052 and its UK onshored equivalent for buy-back programmes.

Transaction in Own Shares

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Shell (NYSE:SHEL) reported share repurchases for cancellation on 28 May 2026 as part of its ongoing buy-back programme.

The company bought 1,829,384 shares across the LSE, Chi-X (CXE) and BATS (BXE) at prices between £31.1450 and £31.5800.

Positive

1,829,384 shares repurchased for cancellation on 28 May 2026 as part of buy-back programme

Negative

None.

News Market Reaction – SHEL

+0.35%

+0.35% News Effect

On the day this news was published, SHEL gained 0.35%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details further share repurchases for cancellation under Shell’s ongoing buy-back ...

Analysis

This announcement details further share repurchases for cancellation under Shell’s ongoing buy-back programme, executed by Goldman Sachs International within predefined parameters and EU/UK market abuse rules. It continues a series of daily disclosures since early May 2026, highlighting consistent capital returns through on-market purchases. When assessing this news, investors may track cumulative buy-back volumes, execution prices such as the £31–32 range, and how these interact with other filings like exchange offers and prior repurchase activity reported in recent 6-K submissions.

Key Figures

Shares repurchased LSE: 1,300,000 shares Shares repurchased Chi-X: 300,000 shares Shares repurchased BATS: 229,384 shares +5 more

8 metrics

Shares repurchased LSE 1,300,000 shares Buy-back for cancellation on 28/05/2026 at LSE

Shares repurchased Chi-X 300,000 shares Buy-back for cancellation on 28/05/2026 at Chi-X (CXE)

Shares repurchased BATS 229,384 shares Buy-back for cancellation on 28/05/2026 at BATS (BXE)

Highest price paid £31.5800 per share Maximum buy-back price on 28/05/2026 across venues

Lowest price paid (LSE) £31.1450 per share LSE buy-back on 28/05/2026

VWAP (LSE) £31.3891 per share Volume weighted average price on 28/05/2026 LSE buy-back

Minimum denomination $1,000 Registered Exchange Notes in F-4 exchange offers

June 2025 buy-backs 34.2 million shares Cumulative repurchases during June 2025 per 6-K

Historical Context

5 past events · Latest: May 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Share buy-back update	Positive	-1.4%	Reported 26 May 2026 repurchases for cancellation under ongoing buy-back programme.
May 26	Share buy-back update	Positive	-0.8%	Disclosed 1,978,677 shares repurchased on 22 May 2026 across multiple venues.
May 22	CEO share sale	Negative	-1.4%	CEO Wael Sawan sold 40,000 shares in Amsterdam for €1.49M total value.
May 22	Share buy-back update	Positive	-1.4%	Announced 1,934,659 shares bought on 21 May 2026 for cancellation under buy-back.
May 21	Performance share awards	Neutral	+0.2%	Reported conditional performance share awards to CEO and CFO under Shell Share Plan 2023.

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 announcements have often been followed by modest share price declines, indicating a pattern of negative price reactions to otherwise shareholder-friendly news.

Recent Company History

Over the past weeks, Shell has repeatedly reported on its ongoing share buy-back programme running from 7 May 2026 to 24 July 2026, with Goldman Sachs International executing repurchases across LSE, Chi-X and BATS. Multiple “Transaction in Own Shares” updates on 21–26 May 2026 were followed by small negative price moves, while director dealings on 22 May 2026 (a CEO share sale and separate performance share awards) also saw mild downside. Today’s announcement continues this established pattern of daily buy-back disclosures without changing the broader narrative.

Key Terms

share buy-back programme, EU MAR, UK MAR

3 terms

EU MAR regulatory

"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 MAR regulatory

"and the EU MAR Delegated Regulation as "onshored" into UK law... 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.

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

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05/29/2026 - 04:42 AM

Transaction in Own Shares

28 May, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 28 May, 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
28/05/2026	1,300,000	£ 31.5800	£ 31.1450	£ 31.3891	LSE	GBP
28/05/2026	300,000	£ 31.5800	£ 31.1500	£ 31.3878	Chi-X (CXE)	GBP
28/05/2026	229,384	£ 31.5800	£ 31.1500	£ 31.3817	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

20260528_Shell RNS - full version

FAQ

How many Shell (SHEL) shares were repurchased for cancellation on 28 May 2026?

Shell repurchased a total of 1,829,384 shares for cancellation on 28 May 2026. According to Shell, these comprised 1,300,000 shares on the LSE, 300,000 on Chi-X (CXE) and 229,384 on BATS (BXE) as part of its buy-back programme.