Voting Rights and Capital

Rhea-AI Summary

Shell plc (SHEL) notifies the market of its total voting rights and capital as at 27 February 2026. The company's share capital comprises 5,663,769,613 ordinary shares of €0.07 each, and Shell holds no treasury shares.

The figure may be used as the denominator for FCA Disclosure Guidance and Transparency Rules notifications and includes shares purchased under Shell's buy-back programme that are not yet cancelled.

Positive

• Total shares clearly stated as 5,663,769,613
• No treasury shares held by Shell, simplifying register calculations
• Disclosure aligns with FCA Transparency Rules for shareholder notifications

Negative

• Buy-back purchases included in the figure until cancelled may affect threshold calculations

Key Figures

Ordinary shares outstanding: 5,663,769,613 shares Nominal value per share: €0.07 Current price: $81.18 +5 more

8 metrics

Ordinary shares outstanding 5,663,769,613 shares Total voting rights as at February 27, 2026

Nominal value per share €0.07 Ordinary share nominal value

Current price $81.18 Pre-news trading level

Volume today 5,767,625 shares Current session volume

20-day avg volume 6,752,947 shares 20-day average volume

52-week high $82.29 52-week trading range

52-week low $58.545 52-week trading range

Market capitalization $231,889,823,806 Equity value before this announcement

Market Reality Check

Price: $81.18 Vol: Volume 5,767,625 is at 0....

normal vol

$81.18 Last Close

Volume Volume 5,767,625 is at 0.85x the 20-day average of 6,752,947 shares. normal

Technical Price 81.18 trades above the 200-day MA at 72.75, near the 82.29 52-week high.

Peers on Argus

SHEL is down 1.34% while key peers CVX (+0.68%), XOM (+0.50%), TTE (+0.37%), BP ...

SHEL is down 1.34% while key peers CVX (+0.68%), XOM (+0.50%), TTE (+0.37%), BP (+1.41%) and PBR (+0.54%) are positive, pointing to stock-specific pressure rather than a broad Energy move.

Historical Context

5 past events · Latest: 2026-02-26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-02-26	Share buy-back	Positive	-1.3%	Announced purchase of 1,287,020 shares for cancellation under buy-back.
2026-02-25	Share buy-back	Positive	+1.9%	Disclosed 1,090,750-share repurchase as part of ongoing programme.
2026-02-24	Share buy-back	Positive	+1.0%	Reported 1,191,059 shares bought for cancellation across venues.
2026-02-23	Share buy-back	Positive	+0.2%	Announced 1,028,319-share repurchase within authorised programme window.
2026-02-20	Share buy-back	Positive	-0.8%	Disclosed 1,595,356 shares purchased and cancelled under buy-back.

Pattern Detected

Recent news flow has focused on daily share buy-backs. Price reactions have been mixed, with both positive and negative moves following similar transaction updates, suggesting no consistent pattern of investor response to these capital returns.

Recent Company History

Over the last week, Shell has repeatedly reported “Transaction in Own Shares” disclosures, detailing daily repurchases for cancellation under its buy-back programme running from 05 February 2026 to 01 May 2026. Individual days saw repurchases in the roughly 1.0–1.6 million share range across UK and European venues. Price reactions ranged from a 1.86% gain to a 1.34% decline, indicating that similar buy-back updates have produced varied short-term trading outcomes. Today’s voting rights notice formalises the updated share count.

Market Pulse Summary

This announcement updates Shell’s total voting rights, confirming 5,663,769,613 ordinary shares in i...

Analysis

This announcement updates Shell’s total voting rights, confirming 5,663,769,613 ordinary shares in issue and no Treasury shares, and clarifies the denominator for FCA disclosure thresholds. It also notes that the figure includes buy-back shares not yet cancelled, linking directly to the ongoing repurchase programme. Investors may track future voting rights notices, daily buy-back reports, and the relationship between share count changes, capital returns, and positioning near the 82.29 52-week high.

Key Terms

disclosure guidance and transparency rules, treasury, denominator, fca, +1 more

5 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.

treasury financial

"Shell plc holds no shares in Treasury."

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

denominator technical

"The figure, 5,663,769,613, may be used by shareholders as the denominator for the calculation..."

The denominator is the number on the bottom of a fraction that shows the total population or base used to calculate a rate, percentage or ratio — for example, the total shares outstanding when calculating earnings per share, or all trial participants when reporting a safety rate. It matters to investors because changing the denominator (by issuing more shares, changing the population measured, or narrowing the base) can make percentages and per‑unit figures look better or worse even if the underlying raw numbers stay the same, much like changing the size of a pizza makes each slice appear larger or smaller.

fca regulatory

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

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.

share buy-back programme financial

"...includes 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 February 27, 2026, consists of 5,663,769,613 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.

The figure, 5,663,769,613, 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 February 27, 2026 (SHEL)?

Shell has 5,663,769,613 ordinary shares as of February 27, 2026. According to Shell, that figure is the capital number shareholders should use for FCA notification threshold calculations.

Does Shell hold any treasury shares on February 27, 2026 (SHEL)?

No, Shell holds no treasury shares as at February 27, 2026. According to Shell, the company confirms there are no shares held in treasury on that date.

Why does Shell include buy-back purchases in the total share count (SHEL)?

Shell includes buy-back purchases because those shares are not yet cancelled and remain in the capital count. According to Shell, the figure therefore reflects shares bought under the buy-back programme but not yet cancelled.

How should shareholders use Shell's 5,663,769,613 figure for FCA notifications (SHEL)?

Shareholders should use 5,663,769,613 as the denominator when determining FCA notification obligations. According to Shell, this number is provided to calculate whether reporting thresholds under the Disclosure Guidance apply.

Which FCA rule governs Shell's disclosure of total voting rights (SHEL)?

The disclosure is made pursuant to FCA Disclosure Guidance and Transparency Rule 5.6.1. According to Shell, the announcement complies with that rule to notify the market of total voting rights and capital.