Voting Rights and Capital

Rhea-AI Summary

Shell plc (SHEL) notifies the market of its total voting rights and capital as at December 31, 2025. The company's capital consists of 5,718,636,398 ordinary shares of €0.07 each and Shell holds no shares in treasury.

The figure 5,718,636,398 may be used by shareholders as the denominator to determine whether they must notify changes in their interest under the FCA Disclosure Guidance and Transparency Rules (DTR), including DTR 5.6.1. The total includes shares purchased under the company's buy-back programme that have not yet been cancelled.

News Market Reaction – SHEL

-0.47%

1 alert

-0.47% News Effect

On the day this news was published, SHEL declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ordinary shares in issue: 5,718,636,398 shares Nominal value per share: €0.07 Treasury shares: 0 shares +1 more

4 metrics

Ordinary shares in issue 5,718,636,398 shares Shell plc capital as at Dec 31, 2025

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

Treasury shares 0 shares Shell plc holds no shares in Treasury

Disclosure rule Rule 5.6.1 FCA Disclosure Guidance and Transparency Rules reference

Market Reality Check

Price: $82.70 Vol: Volume 3,469,666 vs 20-da...

normal vol

$82.70 Last Close

Volume Volume 3,469,666 vs 20-day average 3,632,805 (relative volume 0.96). normal

Technical Price 73.83 trading above 200-day MA at 70.98 before this announcement.

Peers on Argus

Peers showed mixed moves: CVX +0.53%, BP +0.29%, PBR +0.94%, while XOM -0.09% an...

Peers showed mixed moves: CVX +0.53%, BP +0.29%, PBR +0.94%, while XOM -0.09% and TTE -0.51%, suggesting stock-specific rather than broad sector momentum.

Historical Context

5 past events · Latest: Dec 29 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 29	Share buy-back	Neutral	+0.4%	Disclosure of on- and off-market buy-back trades on Dec 29, 2025.
Dec 24	Share buy-back	Neutral	-0.3%	Ongoing buy-back trades for cancellation across LSE and XAMS.
Dec 24	PDMR shareholding	Neutral	-0.3%	PDMR dividend share acquisitions following interim dividend payment.
Dec 23	Share buy-back	Neutral	+0.7%	Purchase and cancellation of 1,456,156 shares under buy-back programme.
Dec 22	Share buy-back	Neutral	+0.8%	Disclosure of 1,464,165 shares bought for cancellation in buy-back.

Pattern Detected

Recent disclosures have focused on ongoing share buy-backs and PDMR dividend share acquisitions, with modest share price reactions around these events.

Recent Company History

Over the past weeks, Shell reported multiple buy-back transactions and a PDMR shareholding update. Between Dec 22–29, 2025, the company disclosed several ‘Transaction in Own Shares’ announcements tied to the buy-back programme running to 30 January 2026, with daily purchases in the hundreds of thousands of shares across LSE and XAMS. A Dec 24, 2025 PDMR filing highlighted dividend share acquisitions by senior management. Today’s voting rights update connects to this stream of capital and share count disclosures by confirming the total ordinary shares in issue.

Market Pulse Summary

This announcement updated the market on Shell’s total voting rights, stating that capital at 31 Dece...

Analysis

This announcement updated the market on Shell’s total voting rights, stating that capital at 31 December 2025 comprised 5,718,636,398 ordinary shares of €0.07 each, with no treasury shares. It was made under FCA Disclosure Guidance and Transparency Rule 5.6.1 and includes shares bought back but not yet cancelled. Investors may relate this disclosure to recent buy-back activity and monitor future changes in the share count and voting rights denominator.

Key Terms

ordinary shares, treasury shares, Disclosure Guidance and Transparency Rules, share buy-back programme

4 terms

ordinary shares financial

"Shell plc's capital as at December 31, 2025, consists of 5,718,636,398 ordinary shares"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

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.

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.

share buy-back programme financial

"shares purchased by Shell plc as part of its share buy-back programme but not yet cancelled."

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.

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 December 31, 2025, consists of 5,718,636,398 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury. 

The figure, 5,718,636,398, 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's total number of ordinary shares as of December 31, 2025 (SHEL)?

Shell has 5,718,636,398 ordinary shares of €0.07 each as at December 31, 2025.

Does Shell hold any treasury shares on December 31, 2025 (SHEL)?

No. Shell plc holds no shares in treasury as at December 31, 2025.

How should shareholders use the 5,718,636,398 figure for FCA DTR notifications for SHEL?

Shareholders may use 5,718,636,398 as the denominator to decide if they must notify changes in their interest under the FCA Disclosure Guidance and Transparency Rules.

Does the total share figure for SHEL include buy-back purchases not yet cancelled?

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

Which Disclosure Guidance and Transparency Rule is cited in Shell's December 31, 2025 voting rights notice (SHEL)?

The announcement is made pursuant to DTR 5.6.1 of the FCA Disclosure Guidance and Transparency Rules.