Welcome to our dedicated page for SHELL PLC SEC filings (Ticker: SHEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Shell plc (SHEL) SEC filings page brings together the company’s U.S. regulatory reports as a foreign private issuer, primarily on Form 6-K and Form 20-F. Shell is incorporated in England and Wales and files under the Securities Exchange Act of 1934 as indicated in its 6-K headers. These filings cover a wide range of topics, from operating outlooks and capital markets activity to share repurchases and insider transactions.
Recent 6-Ks include Shell’s fourth quarter 2025 update note, which provides segment-level outlooks for Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The filing details production volumes, LNG liquefaction volumes, indicative refining and chemicals margins, utilisation rates, underlying operating expenses, pre-tax depreciation, taxation charges, and cash flow from operations components. It also explains non-GAAP measures such as Underlying Opex and Adjusted Earnings, and includes an extensive cautionary note on forward-looking statements and risk factors.
Other 6-Ks document transactions in own shares under Shell’s share buy-back programmes, giving aggregated data on shares purchased for cancellation by trading venue, price ranges and volume-weighted average prices. These reports describe how the programmes operate within Shell’s general authority to repurchase shares and in compliance with UK Listing Rules, EU MAR, UK MAR and the EU MAR Delegated Regulation. Additional filings report Director/PDMR shareholdings, dividend share acquisitions, participation in dividend reinvestment plans and disposals of ordinary shares or American Depositary Shares, with full transaction details required under EU and UK market abuse regimes.
Shell also files 6-Ks that attach exchange offer results, underwriting agreements for senior debt securities, and related legal opinions. Many of these 6-Ks state that they are incorporated by reference into Shell’s Form F-3 and Form S-8 registration statements, linking ongoing disclosures with its registered securities and employee share plans.
On this page, AI-powered tools can help interpret Shell’s complex filings by summarising key points from lengthy 6-K exhibits, highlighting segment trends, clarifying non-GAAP metrics like Adjusted Earnings, and surfacing notable insider transactions. Real-time updates from EDGAR ensure that new Shell plc filings, including annual Form 20-F reports and interim 6-Ks, are available quickly, while AI summaries provide an accessible entry point into the detailed regulatory language.
Shell plc provides an outlook for its fourth quarter 2025 performance across all segments. Integrated Gas production is expected between 930 and 970 kboe/d with LNG liquefaction volumes of 7.5 to 7.9 MT, and trading and optimisation is expected to be in line with Q3 2025. Upstream production is guided to 1,840 to 1,940 kboe/d, including the impact of the incorporated Adura joint venture.
Marketing sales volumes are expected to be seasonally lower at 2,650 to 2,750 kb/d and Marketing adjusted earnings are expected to be below Q4 2024 due to a non-cash deferred tax adjustment in a joint venture. In Chemicals and Products, indicative refining margins improve to $14/bbl while indicative chemicals margins ease to $140/tonne, and segment adjusted earnings are expected to be below break-even with a significant loss in the Chemicals sub-segment from a non-cash deferred tax adjustment.
Group cash flow from operations excluding working capital is expected to include an approximately $1.5 billion outflow tied to timing of German BEHG emissions certificate payments, while working capital will reflect a typical approximately $1.2 billion German Mineral Oil Tax payment. Renewables and Energy Solutions adjusted earnings are guided in a range from a loss of $0.2 billion to a profit of $0.2 billion, and Corporate adjusted earnings are expected between a loss of $0.6 billion and $0.4 billion. Final Q4 2025 results are scheduled for publication on February 5, 2026.
Shell plc reports a series of share repurchases for cancellation carried out on multiple trading days between 1 and 31 December 2025. On each day, the company bought back ordinary shares across venues including the London Stock Exchange in GBP and Euronext Amsterdam (XAMS) in EUR, at volume-weighted average prices typically around the high-20s in GBP and low-30s in EUR. For example, on 16 December 2025 Shell repurchased 1,200,077 shares on the LSE at a volume-weighted average price of 26.3093 GBP and 1,193,642 shares on XAMS at 30.0803 EUR.
All these purchases form part of Shell’s existing on- and off‑market share buy-back programme that was previously announced on 30 October 2025. Merrill Lynch International is making trading decisions independently of Shell for this programme from 30 October 2025 up to and including 30 January 2026. The buy-backs are being conducted under the company’s shareholder authorities and in accordance with Chapter 9 of the UK Listing Rules and the EU and UK versions of the Market Abuse Regulation governing buy-back programmes.
Shell plc reports that several senior executives received additional shares through dividend reinvestment following the interim dividend paid on December 18, 2025 for the third quarter of 2025. On December 22, 2025, Persons Discharging Managerial Responsibilities acquired dividend shares tied to stock previously delivered under annual bonus plans or vested employee share plans and held in a Share Plan Account. Chief Executive Officer Wael Sawan acquired 3,054.9554 ordinary shares listed in Amsterdam at EUR 31.0198 and 656.18285 shares listed in London at GBP 27.05954. Chief Financial Officer Sinead Gorman acquired 2,145.9574 London-listed shares at GBP 27.05954, while other business leaders, including the heads of Upstream, Integrated Gas, Downstream, Projects and Technology, Trading and Supply, Legal, and Human Resources, also received smaller dividend share allocations across Amsterdam, London, and New York.
Shell plc reports upcoming changes to its Board and key committees. Non-Executive Directors Catherine Hughes, Chair of the Sustainability Committee, and Neil Carson will not stand for re-election at the 2026 Annual General Meeting after around nine and seven years of service respectively.
Shell has appointed Holly Koeppel and Clare Scherrer as Non-Executive Directors, effective January 1, 2026. Holly will join the Audit and Risk Committee and the Sustainability Committee, while Clare will join the Audit and Risk Committee and the Remuneration Committee. After the 2026 AGM, Sir Andrew Mackenzie will chair the Sustainability Committee, and the memberships of the Audit and Risk, Nomination and Succession, Remuneration and Sustainability Committees will be updated to reflect these changes. Each appointment is subject to shareholder reappointment at the 2026 AGM.
Shell plc reports a series of share repurchases carried out between 3 November and 28 November 2025 as part of its previously announced share buy-back programme. On each trading day, the company bought its own shares on the London Stock Exchange in pounds and on Euronext Amsterdam in euros for cancellation.
For example, on 3 November 2025 Shell purchased 735,106 shares on the LSE at a volume-weighted average price of GBP 28.4781 and 730,983 shares on Euronext Amsterdam at EUR 32.5466. On 28 November 2025, it bought 745,731 shares on the LSE at a volume-weighted average price of GBP 27.8192 and 740,420 shares on Euronext Amsterdam at EUR 31.8187.
The repurchases are executed by Merrill Lynch International, which makes trading decisions independently of Shell from 30 October 2025 through 30 January 2026, under on- and off‑market authorities and in compliance with UK and EU market abuse and listing rules.
Shell plc filed a Form 6-K that furnishes an Underwriting Agreement dated November 3, 2025 among Shell plc, Shell Finance US Inc., and underwriters led by Citigroup Global Markets, HSBC Securities (USA), J.P. Morgan Securities, Morgan Stanley & Co., and SMBC Nikko Securities America. The filing also includes legal opinions: Slaughter and May on Shell plc guarantees and Cravath, Swaine & Moore LLP on the validity of senior debt securities under New York law.
The 6-K is incorporated by reference into Shell’s Form F-3 shelf (Registration Nos. 333-276068, 333-276068-01, 333-276068-02) and into Form S-8 registrations (Registration Nos. 333-262396, 333-272192).
Shell plc reported PDMR share dealings. On October 31, 2025, CEO Wael Sawan elected to participate in a Dividend Reinvestment Plan to reinvest future dividends in a Computershare Share Plan Account. As at October 31, 2025, he held 374,808.246425 ordinary shares of €0.07 each in that account.
Chief Legal Officer Philippa Bounds disposed of 5,973 ordinary shares at £28.34 per share in London, for a total of £169,274.82. These disclosures were made in accordance with EU and UK market abuse regime requirements.
Shell plc reported multiple on- and off‑market share repurchases for cancellation across October 2025 under its existing buy‑back programme. The company executed purchases on major venues including the LSE, Chi‑X (CXE), BATS (BXE), Euronext Amsterdam (XAMS) and CBOE DXE, with volume‑weighted average prices disclosed for each trade.
HSBC Bank plc acted independently for the programme from 31 July 2025 through 24 October 2025. From 30 October 2025 through 30 January 2026, Merrill Lynch International will make trading decisions independently. Examples of aggregate daily activity include 930,000 shares on 1 October and 2,550,000 shares on 10 October, with further notable days such as 1,731,360 shares on 24 October and 1,456,924 shares on 31 October. All transactions were carried out within pre‑set parameters and in accordance with UK Listing Rules and EU/UK MAR requirements.
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