Transaction in Own Shares

Q: How many shares did Shell (SHEL) repurchase on 04 December 2025?

Shell repurchased an aggregate of 1,457,504 shares on 04 December 2025 for cancellation.

Q: What were the VWAPs for Shell (SHEL) buybacks on 04/12/2025?

Reported VWAPs were 28.0359 GBP on the LSE and 32.1490 EUR on XAMS.

Q: Were all trading venues used for Shell (SHEL) purchases on 04 December 2025?

No. Several venues listed showed no reported purchases for 04 December 2025.

Shell (SHEL) announced on 04 December 2025 that it purchased 1,457,504 shares for cancellation as part of its ongoing buy-back programme.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Shell (SHEL) announced on 04 December 2025 that it purchased 1,457,504 shares for cancellation as part of its ongoing buy-back programme.

Aggregated trades by venue show 732,476 shares on the LSE at a VWAP of 28.0359 GBP and 725,028 shares on XAMS at a VWAP of 32.1490 EUR. No trades were reported on several other venues listed.

The purchases form part of the on- and off-market limbs of the programme announced 30 October 2025, with Merrill Lynch International making independent trading decisions for the programme running to 30 January 2026. Transactions comply with UK MAR and EU MAR as onshored into UK law.

Positive

1,457,504 shares repurchased on 04/12/2025
LSE VWAP 28.0359 GBP; XAMS VWAP 32.1490 EUR

Negative

Buy-back programme limited to window ending 30 January 2026
No reported purchases on multiple listed trading venues on 04/12/2025

Argus Dec 4 session

-0.83% close to close Open Argus

Details

News Market Reaction – SHEL

On Dec 4, the day this news came out, SHEL closed 0.83% below the previous close.

Data tracked by StockTitan Argus for the Dec 4 session.

Key Figures

Shares repurchased LSE: 732,476 shares LSE highest price: £28.1600 LSE lowest price: £27.9200 +5 more

Shares repurchased LSE: 732,476 shares; Purchased 04/12/2025 for cancellation on LSE
LSE highest price: £28.1600; Highest price paid per share on 04/12/2025
LSE lowest price: £27.9200; Lowest price paid per share on 04/12/2025
LSE VWAP: £28.0359; Volume weighted average price on 04/12/2025
Shares repurchased XAMS: 725,028 shares; Purchased 04/12/2025 for cancellation on XAMS
XAMS highest price: €32.2700; Highest price paid per share on 04/12/2025
XAMS lowest price: €31.9950; Lowest price paid per share on 04/12/2025
XAMS VWAP: €32.1490; Volume weighted average price on 04/12/2025

Historical Context

5 past events · Latest: Dec 02

5 events

Dec 02
Share buy-back

24h Move

-0.5%

Daily disclosure of shares purchased for cancellation under October 2025 buy-back.
Nov 28
Share buy-back

24h Move

+0.5%

Announcement of 1.49M shares repurchased across LSE and XAMS venues.
Nov 28
Voting rights update

24h Move

+0.5%

Update on total voting rights and share count including recent buy-backs.
Nov 26
Share buy-back

24h Move

+0.8%

Disclosure of LSE and XAMS daily repurchases under ongoing programme.
Nov 25
Share buy-back

24h Move

-0.6%

Report of 1.50M shares bought back and cancelled across LSE and XAMS.

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

Key Terms

share buy-back programme, on- and off-market limbs, volume weighted average price, UK Listing Rules, +2 more

6 terms

on- and off-market limbs financial

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

On- and off-market limbs refer to different parts or sections of a financial transaction or sale process. The "on-market" limb involves activities or assets that are openly available and can be bought or sold through public channels, like stock exchanges. The "off-market" limb includes private or non-public transactions that happen directly between parties, often outside of formal exchanges. Understanding these helps investors grasp how assets are bought and sold, and the level of transparency involved.

volume weighted average price financial

"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.

UK Listing Rules regulatory

"The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation..."

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

"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..."

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.

EU MAR Delegated Regulation regulatory

"and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”)..."

An EU MAR Delegated Regulation is a detailed rule issued by the European Union to clarify or expand existing laws related to financial markets. It functions like a set of instructions that ensure consistent application of rules across all EU countries, helping investors understand how regulations are applied and maintained. This promotes transparency and stability in financial markets, making it easier for investors to make informed decisions.

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

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12/04/2025 - 12:16 PM EST

Transaction in Own Shares

04 December, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 04 December, 2025 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
04/12/2025	732,476	28.1600	27.9200	28.0359	LSE	GBP
04/12/2025	-	-	-	-	Chi-X (CXE)	GBP
04/12/2025	-	-	-	-	BATS (BXE)	GBP
04/12/2025	725,028	32.2700	31.9950	32.1490	XAMS	EUR
04/12/2025	-	-	-	-	CBOE DXE	EUR
04/12/2025	-	-	-	-	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

2025.12.04 Shell RNS (with fills)

FAQ

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

How many shares did Shell (SHEL) repurchase on 04 December 2025?

Shell repurchased an aggregate of 1,457,504 shares on 04 December 2025 for cancellation.

What were the VWAPs for Shell (SHEL) buybacks on 04/12/2025?

Reported VWAPs were 28.0359 GBP on the LSE and 32.1490 EUR on XAMS.

Is the Shell (SHEL) buy-back programme still ongoing after 04 December 2025?

Yes. The programme runs from 30 October 2025 up to and including 30 January 2026.

Who made trading decisions for Shell's (SHEL) buy-back on 04/12/2025?

Merrill Lynch International made trading decisions independently on behalf of Shell for the programme.

Were all trading venues used for Shell (SHEL) purchases on 04 December 2025?

No. Several venues listed showed no reported purchases for 04 December 2025.

Transaction in Own Shares