Voting Rights and Capital

Rhea-AI Summary

Shell plc (SHEL) notified the market of its total voting rights and capital as at 28 November 2025. The company's capital comprises 5,750,420,233 ordinary shares of €0.07 each, and Shell holds no shares in treasury.

Shareholders may use the figure 5,750,420,233 as the denominator to determine whether they must notify changes to their interest under the FCA Disclosure Guidance and Transparency Rules. The figure includes shares purchased under Shell's buy-back programme that have not yet been cancelled. This announcement is made pursuant to DGTR 5.6.1.

News Market Reaction

+0.49%

1 alert

+0.49% News Effect

On the day this news was published, SHEL gained 0.49%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ordinary shares outstanding: 5,750,420,233 shares Par value per share: €0.07 Treasury shares held: 0 shares

3 metrics

Ordinary shares outstanding 5,750,420,233 shares Total voting rights denominator as at November 28, 2025

Par value per share €0.07 Nominal value of each ordinary share

Treasury shares held 0 shares Shell plc holds no shares in Treasury

Market Reality Check

Price: $73.75 Vol: Volume 3,556,172 is below...

normal vol

$73.75 Last Close

Volume Volume 3,556,172 is below 20-day average 4,039,138 (relative volume 0.88). normal

Technical Price 72.86 is trading above 200-day MA at 70.63 ahead of this disclosure.

Peers on Argus

Large integrated peers showed mixed, small moves (e.g., CVX -0.07%, XOM +0.36%, ...

Large integrated peers showed mixed, small moves (e.g., CVX -0.07%, XOM +0.36%, BP -0.53%), suggesting no clear sector-wide driver tied to this voting-rights disclosure.

Historical Context

5 past events · Latest: Dec 10 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Share buy-back	Neutral	+0.5%	Update on shares purchased for cancellation under buy-back programme.
Dec 09	Share buy-back	Neutral	-0.2%	Disclosure of daily buy-back volumes and prices on LSE and XAMS.
Dec 08	Share buy-back	Neutral	-0.4%	Further buy-back activity across LSE, BATS, and XAMS venues.
Dec 08	Dividend details	Neutral	-0.4%	Q3 2025 dividend currency equivalents and payment timetable.
Dec 05	Share buy-back	Neutral	-2.0%	Buy-back disclosure with venue-level volumes and average prices.

Pattern Detected

Recent news has focused on buy-backs and a Q3 2025 dividend, with modest single-day price moves, indicating routine capital-return disclosures have produced limited volatility.

Recent Company History

Over the past weeks, Shell has repeatedly reported share repurchases for cancellation under its ongoing buy-back programme, with multiple disclosures in early December 2025 detailing daily purchase volumes across venues. A separate announcement on December 8, 2025 confirmed currency equivalents for the third quarter 2025 interim dividend of US$0.358 per share. Together, these highlight active capital return via both dividends and repurchases. Today’s voting-rights and capital update ties into this pattern by formalizing the total share count, including buy-back shares not yet cancelled.

Market Pulse Summary

This announcement updates Shell’s total voting rights, confirming 5,750,420,233 ordinary shares of €...

Analysis

This announcement updates Shell’s total voting rights, confirming 5,750,420,233 ordinary shares of €0.07 each in issue and no Treasury shares, and specifies the denominator shareholders should use under FCA Disclosure Guidance and Transparency Rules. It explicitly includes shares purchased under the buy-back programme but not yet cancelled, connecting to recent repurchase disclosures. Investors may watch how future buy-backs and cancellations change this figure over time.

Key Terms

disclosure guidance and transparency rules, fca, treasury shares

3 terms

disclosure guidance and transparency rules regulatory

"In conformity with the Disclosure Guidance and Transparency Rules, we hereby notify"

Disclosure guidance and transparency rules are the standards and regulations that require companies to share clear, timely information about their finances, risks, operations and material events. They matter to investors because consistent, honest reporting is like a car’s dashboard — it reveals the data you need to judge safety and performance and make informed buying or selling decisions. Strong disclosure reduces surprises and helps keep markets fair and efficient.

fca regulatory

"they will determine if they are required to notify their interest ... under the FCA's Disclosure Guidance"

The FCA is the United Kingdom's financial regulator that oversees banks, brokerages, investment firms and markets to make sure they act fairly, transparently and safely. For investors it matters because the FCA sets rules, enforces protections and can impose penalties or bans that influence market behavior and company reputations—think of it as a referee whose decisions can affect the value and trustworthiness of financial products and firms.

treasury shares financial

"Shell plc holds no shares in Treasury."

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

AI-generated analysis. Not financial advice.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules, we hereby notify the market of the following:

Shell plc's capital as at November 28, 2025, consists of 5,750,420,233 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.

The figure, 5,750,420,233, may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Shell plc under the FCA's Disclosure Guidance and Transparency Rules.

Note: This announcement is made pursuant to Disclosure Guidance and Transparency Rule 5.6.1 and as such, the above figure includes shares purchased by Shell plc as part of its share buy-back programme but not yet cancelled.

Enquiries

Shell Media Relations
International +44 (0)207 934 5550; U.S. and Canada: Contact form

FAQ

What is Shell plc's total number of ordinary shares as of 28 November 2025 (SHEL)?

Shell plc had 5,750,420,233 ordinary shares of €0.07 each as at 28 November 2025.

Can shareholders use the 5,750,420,233 figure to calculate notification thresholds for SHEL?

Yes. Shareholders may use 5,750,420,233 as the denominator to determine if they must notify under the FCA Disclosure Guidance and Transparency Rules.

Does Shell plc hold any treasury shares as of 28 November 2025 (SHEL)?

No. The announcement states that Shell plc holds no shares in treasury.

Are shares bought under Shell's buy-back programme included in the SHEL voting rights figure?

Yes. The disclosed figure includes shares purchased under the buy-back programme but not yet cancelled.

Which rule does the Shell voting rights announcement reference for this disclosure (SHEL)?

The announcement is made pursuant to Disclosure Guidance and Transparency Rule 5.6.1.

Who can investors contact for enquiries about Shell's voting rights announcement (SHEL)?

Investors can contact Shell Media Relations via the international phone number +44 (0)207 934 5550 or the U.S. and Canada contact form.