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 has called its 2026 Annual General Meeting as a hybrid event on May 19, 2026 at 11:00 UK time, allowing both physical and virtual participation. The agenda covers approval of 2025 accounts and remuneration, appointment or reappointment of directors, and reappointment of Ernst & Young as auditor.
Shareholders will vote on renewing authorities to allot up to €131.96 million in nominal share capital, disapply pre-emption rights on a limited basis, and authorise on- and off-market share buybacks of up to 565.55 million ordinary shares. The board also seeks authority for limited political donations and expenditure. A shareholder climate-related Resolution 23 requests detailed strategy disclosure under declining oil and gas demand scenarios; the directors oppose it, arguing existing disclosures are sufficient and that embedding specific IEA scenarios would not represent good governance.
Shell plc provides an updated outlook for first-quarter 2026, highlighting mixed trends across its businesses amid increased uncertainty from the Middle East conflict. In Integrated Gas, production is expected between 880 and 920 kboe/d versus 948 kboe/d in Q4 2025, reflecting Qatari volume impacts, while LNG liquefaction volumes are guided to 7.6–8.0 MT as LNG Canada ramps up.
Upstream production is forecast at 1,760–1,860 kboe/d, slightly below Q4 2025, partly due to the Adura joint venture. Marketing adjusted earnings are expected to be significantly higher than Q1 2025. In Chemicals and Products, indicative refining margin is guided up from $14/bbl to $17/bbl, with higher refinery and chemicals utilisation and significantly stronger Trading & Optimisation than Q4 2025.
Renewables and Energy Solutions adjusted earnings are expected between $0.2 and $0.7 billion, up from adjusted $0.1 billion in Q4 2025, while Corporate adjusted earnings remain negative at a projected $(1.0) to $(0.8) billion. At group level, Q1 2026 cash flow from operations tax paid is expected at $2.0–2.8 billion and working capital movements between $(15) and $(10) billion, with non-cash net debt expected to be affected by a $3–4 billion increase in variable components of long-term shipping leases.
Shell plc reported that several senior executives received additional shares through dividend reinvestments connected to existing incentive awards. Following the interim dividend paid on March 30, 2026 for the fourth quarter of 2025, these Persons Discharging Managerial Responsibilities received dividend shares into their Share Plan Accounts.
Chief Executive Officer Wael Sawan acquired 2,486.44716 ordinary shares listed in Amsterdam at EUR 40.45780 and 527.92 ordinary shares in London at GBP 35.25802. Chief Financial Officer Sinead Gorman received 1,726.49108 London-listed shares at GBP 35.25802, while other business presidents and functional leaders, including the heads of Upstream, Integrated Gas, Downstream, Trading and Supply, Legal, and HR, received smaller allocations in Amsterdam, London, and New York–listed American Depository Shares.
All transactions occurred on April 1, 2026 and are described as dividend shares in respect of previously delivered bonus or vested plan shares held in a Share Plan Account, meaning they reflect automatic share-based dividend reinvestments rather than discretionary open-market purchases.
Shell plc filed a Form 6-K detailing routine executive share transactions. President, Trading and Supply Andrew Smith received a conditional award of 11,269 ordinary shares under the Shell Share Plan 2023 at a reference price of 35.93 in EUR, valued at 404,895.17. Several senior executives, including the Chief Executive Officer and Chief Financial Officer, saw 2023 Long Term Incentive Plan (LTIP) awards vest on March 4, 2026, delivering share amounts such as 295,466.00 and 175,695.15 at NIL price. The filing also records disposals of ordinary shares, including 9,000 shares sold by Chief Human Resources and Corporate Officer Rachel Solway at £31.00 and 6,000 shares sold by Chief Legal Officer Philippa Bounds at £31.07.
Shell plc uses this Form 6-K to detail daily repurchases of its own shares for cancellation between 2 and 31 March 2026. The trades were executed under the share buy-back programme announced on 5 February 2026.
Shares were bought on multiple venues including the LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX, at disclosed highest, lowest and volume-weighted average prices in both GBP and EUR. Morgan Stanley & Co. International plc is making trading decisions independently of Shell within pre-set parameters, and the programme is conducted in line with UK Listing Rules and EU/UK Market Abuse Regulation.
Shell plc reports that its LNG production in Qatar has been shut down since early March following an attack on Ras Laffan Industrial City on 18 March 2026. A fire at the Pearl GTL facility caused by the incident was quickly extinguished, and all staff on site are safe.
The company states that the situation is under control and Pearl GTL is in a safe state. Shell is assessing potential damage to Pearl GTL and working with QatarEnergy and local authorities to understand the impact on the wider Ras Laffan Industrial City facilities, with further updates to be provided via its website.
Shell plc reported 2025 results that combine strong cash generation, heavy shareholder returns and faster progress on climate targets, despite a weaker price environment. Income attributable to shareholders was $17.8 billion, while Adjusted Earnings were $18.5 billion, down from $23.7 billion in 2024 as liquids and LNG prices, trading and Chemicals margins softened.
Cash flow from operating activities was $42.9 billion and free cash flow was $26.1 billion. Shell returned 52% of cash flow from operations to investors, with total shareholder distributions of $22.4 billion, including $13.9 billion of share buybacks and $8.5 billion of dividends, while keeping cash capital expenditure at $20.9 billion.
The company delivered structural cost reductions of $5.1 billion versus 2022, already meeting the lower end of its $5–7 billion savings target by 2028. Net debt rose to $45.7 billion, lifting gearing to 20.7%. Operationally, oil and gas production available for sale averaged 2,800 thousand boe per day and LNG sales grew, supported by projects such as LNG Canada and deep-water developments in Brazil and the Gulf of America.
On climate, Shell reports it has achieved around 70% of its target to halve Scope 1 and 2 emissions by 2030 versus 2016, with 2025 operational emissions at 53 million tonnes CO2e. Net carbon intensity of energy products sold is 71 gCO2e/MJ, about 9% below 2016, and customer emissions from use of oil products have fallen 18% versus 2021 as the company pursues its goal of delivering “more value with less emissions.”
Shell plc uses this report to detail daily share repurchases carried out in February 2026 under its previously announced on- and off-market buy-back programme. On multiple trading days from 5 to 27 February 2026, the company bought ordinary shares for cancellation across several European venues.
Purchases were executed on the LSE, Chi-X (CXE), BATS (BXE), Euronext Amsterdam (XAMS), CBOE DXE and TQEX, with prices generally ranging from about GBP 27–30 per share in London and EUR 32–35 per share in Amsterdam and related platforms. Morgan Stanley & Co. International plc is mandated to make trading decisions independently for this programme between 5 February and 1 May 2026.
The company states that the buy-backs are conducted under its general authorities to repurchase shares on- and off-market and are structured to comply with UK Listing Rules, EU and UK versions of the Market Abuse Regulation, and the associated delegated regulations governing issuer buy-back activity.
Shell plc reports that several senior executives have received part of their annual bonuses in company shares. A portion of each bonus is paid in cash and a portion in shares, which are subject to a three-year holding period that continues even after employment ends.
Recipients include the Chief Executive Officer Wael Sawan, who acquired 23,980 SHEL shares at GBP 30.11, and Chief Financial Officer Sinead Gorman, who acquired 15,841 shares at the same price. Other business leaders across upstream, trading, integrated gas, downstream, renewables, and projects also received ordinary shares of €0.07 each, delivered outside a trading venue as bonus share awards.
Shell plc reports that several senior executives received conditional awards of performance shares under the Shell Share Plan 2023 on 6 February 2026. These are share-based incentive grants, not market purchases or sales.
Chief Executive Officer Wael Sawan received a conditional award of 165,975 ordinary shares at a reference price of 27.745 per share, with a total value of 4,604,976.38 in GBP terms. Chief Financial Officer Sinead Gorman was awarded 98,677 shares at the same reference price, totalling 2,737,793.37. Other PDMRs, including leaders of Projects & Technology, Upstream, Integrated Gas, Downstream, Trading and Supply, and HR, received conditional awards ranging from 35,338 to 52,443 shares each, some referenced in EUR at 32.09 per share.