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Shell plc (SHEL) AGM backs board, renews buyback powers, rejects one motion

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Shell plc reports the results of its Annual General Meeting held on May 19, 2026, where shareholders voted on 23 resolutions. Resolutions 1 to 22 were carried, including approval of the Annual Report & Accounts and the Directors’ Remuneration Policy. Most director (re)appointments received more than 95% of votes cast in favour, and about two-thirds of the issued share capital was voted. A shareholder resolution labelled Resolution 23 received 13.01% of votes cast in favour and was not carried. The meeting also renewed authorities to allot shares and to make on-market and off-market purchases of the company’s own shares.

Positive

  • None.

Negative

  • None.

Insights

Shell’s AGM shows strong support for the board and strategy, with one shareholder resolution defeated.

Shareholders of Shell plc approved 22 of 23 resolutions at the Annual General Meeting, including the Annual Report & Accounts and the Directors’ Remuneration Policy. Most directors were (re)appointed with more than 95% of votes cast in favour, indicating broad backing for current leadership.

A shareholder resolution (Resolution 23) received 470,824,659 votes for, or 13.01%, and was not carried. Authorities to allot shares and to make on-market and off-market share purchases were renewed, with each attracting at least 98.92% support on votes cast. Overall turnout was around two-thirds of the issued share capital.

Annual Report & Accounts approval 3,692,655,862 votes for (99.09%) Resolution 1 at 2026 AGM
Directors’ Remuneration Policy approval 3,562,735,886 votes for (95.96%) Resolution 2 at 2026 AGM
CEO Wael Sawan reappointment 3,685,469,229 votes for (98.86%) Resolution 12 at 2026 AGM
Authority to make on-market purchases 3,717,577,637 votes for (99.74%) Resolution 20 special resolution
Authority to make off-market purchases 3,694,862,655 votes for (99.14%) Resolution 21 special resolution
Shareholder Resolution 23 support 470,824,659 votes for (13.01%) Resolution 23, not carried
Turnout example 66.60% of ISC voted Several resolutions including 8 and 17
Annual General Meeting financial
"Shell plc announces the poll results on the resolutions at its Annual General Meeting"
pre-emption rights financial
"Disapplication of pre-emption rights*"
A shareholder’s right to be offered new shares before they are sold to outsiders, allowing existing owners to buy enough to keep their ownership percentage. Think of it like being offered the first slice of a pie so your share doesn’t shrink; it matters to investors because it protects voting power and economic value from being diluted when a company issues more stock, and it can affect how easy or costly fundraising is.
on-market purchases of own shares financial
"Authority to make on-market purchases of own shares*"
off-market purchases of own shares financial
"Authority to make off-market purchases of own shares*"
forward-looking statements regulatory
"This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995)"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
National Storage Mechanism regulatory
"will be submitted to the National Storage Mechanism and will be available for inspection"
A national storage mechanism is an official, centralized electronic repository where companies and regulators file and keep required corporate documents such as prospectuses, financial statements and regulatory disclosures. For investors it is the authoritative public source to find and verify key papers — like using a government-run public archive or filing cabinet — so you can check the original documents for due diligence, compliance and to confirm claims made in news or marketing.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

Form 6-K

REPORT OF FOREIGN ISSUER 
PURSUANT TO RULE 13a-16 OR 15d-16 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 

For the month of May 2026

Commission File Number: 1-32575 

Shell plc
(Exact name of registrant as specified in its charter) 

England and Wales
(Jurisdiction of incorporation or organization) 

Shell Centre
London, SE1 7NA
United Kingdom
(Address of principal executive office)

________________________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ]      Form 40-F [   ]

 

 

 

 

Result of AGM

SHELL PLC

RESULT OF ANNUAL GENERAL MEETING

Shell plc (Shell) announces the poll results on the resolutions at its Annual General Meeting held on Tuesday May 19, 2026 at the Sofitel London Heathrow Hotel Terminal 5, London Heathrow Airport, London TW6 2GD. Resolutions 1 - 22 were carried and Resolution 23 was not carried.

In accordance with the UK Listing Rules, a copy of all resolutions other than resolutions concerning ordinary business at the Annual General Meeting, will be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 RESOLUTIONVOTES
FOR
%VOTES
AGAINST
%VOTES
TOTAL
% of ISC VOTEDVOTES
WITHHELD
1Receipt of Annual Report & Accounts3,692,655,86299.0933,814,8730.913,726,470,73566.57%16,661,674
2Approval of Directors’ Remuneration Policy3,562,735,88695.96149,959,2124.043,712,695,09866.33%30,433,635
3Approval of Directors’ Remuneration Report3,628,186,71497.3798,015,7352.633,726,202,44966.57%16,926,344
4Appointment of Holly Keller Koeppel3,553,257,05395.33173,969,2674.673,727,226,32066.59%15,898,007
5Appointment of Clare Scherrer3,662,274,18998.2565,078,4081.753,727,352,59766.59%15,770,496
6Reappointment of Dick Boer3,625,334,26697.26102,168,9242.743,727,503,19066.59%15,626,274
7Reappointment of Ann Godbehere3,616,390,17097.05110,012,8882.953,726,403,05866.57%16,724,742
8Reappointment of Sinead Gorman3,675,023,92098.5852,800,1021.423,727,824,02266.60%15,303,651
9Reappointment of Jane H. Lute3,659,266,51898.1768,105,1151.833,727,371,63366.59%15,756,348
10Reappointment of Sir Andrew Mackenzie3,506,851,11294.08220,515,4985.923,727,366,61066.59%15,760,465
11Reappointment of Sir Charles Roxburgh3,625,263,73797.26102,194,8902.743,727,458,62766.59%15,669,287
12Reappointment of Wael Sawan3,685,469,22998.8642,564,3841.143,728,033,61366.60%15,094,467
13Reappointment of Abraham (Bram) Schot3,639,570,46697.6487,830,4082.363,727,400,87466.59%15,725,602
14Reappointment of Leena Srivastava3,676,835,10598.6550,424,9131.353,727,260,01866.59%15,865,837
15Reappointment of Cyrus Taraporevala3,598,669,27596.55128,654,3363.453,727,323,61166.59%15,804,212
16Reappointment of Auditors3,689,340,94999.1133,062,8980.893,722,403,84766.50%20,717,698
17Remuneration of Auditors3,722,097,41399.845,841,5040.163,727,938,91766.60%15,180,063
18Authority to allot shares3,629,483,98897.3997,221,6342.613,726,705,62266.58%16,425,426
19Disapplication of pre-emption rights*3,685,984,38798.9638,651,3291.043,724,635,71666.54%18,489,852
20Authority to make on-market purchases of own shares*3,717,577,63799.749,833,0270.263,727,410,66466.59%15,711,689
21Authority to make off-market purchases of own shares*3,694,862,65599.1432,054,6380.863,726,917,29366.58%16,206,236
22Authority for certain donations and expenditure3,686,389,94098.9240,124,8061.083,726,514,74666.57%16,574,054
23Shareholder resolution*470,824,65913.013,148,423,87186.993,619,248,53064.66%119,605,420

* Special resolution

Please note that a ‘vote withheld’ is not a vote under English Law and is not counted in the calculation of the proportion of the votes ‘for’ and ‘against’ a resolution.

Chief Executive Officer Wael Sawan said: “Shell’s shareholders continue to strongly back our strategy as we transform Shell into a better performing and more resilient business. We are making progress towards our financial and climate targets, providing the oil and gas the world needs today while helping to build the energy system of the future. We will apply discipline and focus as we continue to deliver more value with less emissions.”

May 19, 2026

Sean Ashley
Company Secretary
Shell plc

ENQUIRIES

Shell Media Relations
International, UK, European Press: +44 20 7934 5550

Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, May 19, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

 

 

This Report on Form 6-K is incorporated by reference into:

 

 (a)the Registration Statement on Form F-3 of Shell plc, Shell Finance US Inc. and Shell International Finance B.V. (Registration Numbers 333-276068, 333-276068-01 and 333-276068-02); and

 

 (b)the Registration Statements on Form S-8 of Shell plc (Registration Numbers 333-262396, 333-272192 and 333-292109).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Shell plc    
  (Registrant)
   
  
Date: May 19, 2026     /s/ SEAN ASHLEY    
  Sean Ashley
  Company Secretary
  

FAQ

How did Shell plc (SHEL) shareholders vote on the main AGM resolutions?

Shareholders approved Resolutions 1 to 22 at Shell’s AGM. These included receiving the Annual Report & Accounts and approving the Directors’ Remuneration Policy, which received 3,562,735,886 votes for, or 95.96% of votes cast, indicating broad support for existing governance arrangements.

What was the outcome of the Shell plc (SHEL) shareholder Resolution 23?

Resolution 23, a shareholder resolution, was not carried. It received 470,824,659 votes for, representing 13.01% of votes cast, and 3,148,423,871 votes against, or 86.99%. This contrasts with the strong support seen for the board-backed resolutions 1 through 22.

What level of support did Shell plc (SHEL) directors receive at the 2026 AGM?

Shell’s directors received high reappointment support, generally above 95% of votes cast. For example, CEO Wael Sawan’s reappointment (Resolution 12) attracted 3,685,469,229 votes for, or 98.86%, with only 42,564,384 votes against, suggesting strong shareholder confidence in current management.

Did Shell plc (SHEL) shareholders renew authorities for share issuance and buybacks?

Yes, shareholders renewed key capital authorities. The authority to allot shares (Resolution 18) gained 3,629,483,988 votes for, or 97.39%. Authorities to make on-market and off-market purchases of own shares (Resolutions 20 and 21) passed with 99.74% and 99.14% support respectively on votes cast.

What was shareholder turnout at the Shell plc (SHEL) 2026 AGM?

Turnout was around two-thirds of Shell’s issued share capital. Many resolutions, including the Annual Report & Accounts and director reappointments, show percentages of issued share capital voted close to 66.6%, indicating active participation from the shareholder base in governance decisions.

How did shareholders vote on Shell plc (SHEL) auditors and their remuneration?

Shareholders reappointed the auditors with 3,689,340,949 votes for, or 99.11% of votes cast, and approved their remuneration with 3,722,097,413 votes for, or 99.84%. Opposition was minimal, at 0.89% and 0.16% respectively, reflecting confidence in the company’s audit arrangements.