Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased 747,124 shares for cancellation on 13 April 2026 across multiple trading venues, under its ongoing buy-back programme. The purchases were executed by Morgan Stanley & Co. International Plc, which will trade independently from 05 February 2026 through 01 May 2026.

Transactions were made in GBP and EUR across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX, with volume-weighted average prices of ~34.68 GBP and ~39.86 EUR per share.

Positive

• Shares cancelled: 747,124 on 13 April 2026
• Buy-back period: 05 February 2026 to 01 May 2026
• Execution agent: Morgan Stanley & Co. International Plc trading independently
• Multi-venue execution: 6 trading venues (LSE, CXE, BXE, XAMS, DXE, TQEX)
• VWAPs reported: ~34.68 GBP and ~39.86 EUR per share

Negative

• None.

News Market Reaction – SHEL

+0.42%

1 alert

+0.42% News Effect

On the day this news was published, SHEL gained 0.42%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares purchased LSE: 257,578 shares Shares purchased Chi-X: 81,861 shares Shares purchased BATS: 37,762 shares +5 more

8 metrics

Shares purchased LSE 257,578 shares Buy-back on 13/04/2026 at LSE

Shares purchased Chi-X 81,861 shares Buy-back on 13/04/2026 at Chi-X (CXE)

Shares purchased BATS 37,762 shares Buy-back on 13/04/2026 at BATS (BXE)

Shares purchased XAMS 195,567 shares Buy-back on 13/04/2026 at XAMS

Shares purchased CBOE DXE 146,725 shares Buy-back on 13/04/2026 at CBOE DXE

Shares purchased TQEX 27,631 shares Buy-back on 13/04/2026 at TQEX

GBP VWAP LSE 34.6799 GBP Volume weighted average price per share at LSE on 13/04/2026

EUR VWAP XAMS 39.8636 EUR Volume weighted average price per share at XAMS on 13/04/2026

Market Reality Check

Price: $91.36 Vol: Volume 5,420,118 is below...

low vol

$91.36 Last Close

Volume Volume 5,420,118 is below the 20-day average of 8,560,478 (relative volume 0.63). low

Technical Price 92.21 is trading above the 200-day MA at 75.91, indicating a pre-existing uptrend.

Peers on Argus

Energy peers are mixed: CVX -0.63%, XOM -0.99% while TTE +2.17%, BP +1.27%, PBR ...

Energy peers are mixed: CVX -0.63%, XOM -0.99% while TTE +2.17%, BP +1.27%, PBR +3.36%. SHEL’s +1.23% gain appears more stock-specific than broad sector-driven.

Common Catalyst Only one close peer (TTE) has same-day exploration news; no broad, shared catalyst across integrated oil majors is evident.

Historical Context

5 past events · Latest: Apr 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 08	Share buy-back	Positive	-2.3%	Large cancellation of 4,450,454 shares under ongoing buy-back programme.
Apr 08	Q1 2026 update	Negative	-2.3%	Q1 outlook with higher refining margin but large working capital outflow and lease impact.
Apr 07	Share buy-back	Positive	+0.5%	Repurchase of 1,279,747 shares for cancellation across multiple venues.
Apr 07	PDMR shareholding	Neutral	+0.5%	PDMRs received dividend shares following the 30 March 2026 interim dividend.
Apr 02	Share buy-back	Positive	+1.2%	Repurchase of 858,749 ordinary shares for cancellation under buy-back programme.

Pattern Detected

Recent buy-back disclosures and governance updates often coincided with modest positive 24h moves, though one sizeable repurchase on Apr 8 saw a -2.27% divergence.

Recent Company History

Over early April 2026, Shell reported multiple buy-back executions and a Q1 2026 trading update. On Apr 2, 858,749 shares were repurchased, followed by 1,279,747 on Apr 7 and 4,450,454 on Apr 8, all for cancellation under the programme running from Feb 5 to May 1, 2026. A Q1 update on Apr 8 highlighted higher refining margins but significant working-capital and lease impacts, with shares falling 2.27% after that release.

Market Pulse Summary

This announcement reports another trading day of on- and off-market repurchases under Shell’s existi...

Analysis

This announcement reports another trading day of on- and off-market repurchases under Shell’s existing buy-back programme, with shares bought across LSE, Chi-X, BATS and European venues for cancellation. It extends a series of similar disclosures since early April 2026. Investors tracking this programme may focus on cumulative shares cancelled, execution window up to 01 May 2026, and how these capital returns interact with the company’s broader financial outlook.

Key Terms

volume weighted average price, on-market, off-market, uk listing rules, +2 more

6 terms

volume weighted average price technical

"Volume weighted average price paid per share | Venue | Currency"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

on-market financial

"The on-market limb will be effected within certain pre-set parameters"

On-market describes buying or selling shares directly through a public stock exchange at the current market price, rather than by a private or negotiated deal. Like buying an item from a store at the posted price instead of haggling privately, on-market trades happen quickly, are visible to other investors, and can move the stock price, so they affect liquidity and provide a transparent signal about supply and demand.

off-market financial

"The off-market limb will be effected in accordance with the Company’s general authority"

Off-market describes a trade or transfer of securities that happens outside a public exchange, where buyers and sellers negotiate directly or use private arrangements rather than submitting orders on the open market. It matters to investors because these deals can change who controls a company or alter share supply without the usual public price signals, like selling a car privately instead of through a dealership — you may get a different price and the wider market may not immediately react.

uk listing rules regulatory

"conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5"

UK listing rules are a set of regulations that companies must follow to be officially listed on a UK stock exchange. These rules ensure that companies provide clear, accurate, and sufficient information to protect investors and maintain market confidence, similar to how safety standards ensure products are reliable. Adhering to these rules is important for investors because it helps them make informed decisions about buying or selling company shares.

eu mar regulatory

"dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law"

EU MAR is the European Union’s Market Abuse Regulation, a set of rules designed to keep financial markets fair by stopping insider trading and market manipulation and by requiring timely, accurate public disclosure of inside information. Think of it as traffic laws for trading: it sets who can share sensitive information, how it must be disclosed, and penalties for breaking the rules, which matters to investors because stronger rules reduce surprises, boost trust, and affect companies’ legal and reporting costs.

uk mar regulatory

"from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052"

UK MAR is the UK Market Abuse Regulation, a set of laws designed to prevent insider trading, market manipulation and other dishonest practices in financial markets while setting rules for how companies must disclose important information. It matters to investors because it helps ensure a fair playing field and timely, reliable disclosures so price changes reflect real news rather than secret deals—think of it as the rulebook that keeps the market honest and predictable.

AI-generated analysis. Not financial advice.

Transaction in Own Shares   

13 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 13 April 2026 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of Purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
13/04/2026	257,578	34.8850	34.5100	34.6799	LSE	GBP
13/04/2026	81,861	34.8850	34.5100	34.6930	Chi-X (CXE)	GBP
13/04/2026	37,762	34.8850	34.4950	34.6946	BATS (BXE)	GBP
13/04/2026	195,567	40.0850	39.6450	39.8636	XAMS	EUR
13/04/2026	146,725	40.0750	39.6350	39.8464	CBOE DXE	EUR
13/04/2026	27,631	40.0650	39.6750	39.8314	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 05 February 2026.

In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 2026.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Morgan Stanley & Co. International Plc on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

Attachment

• Shell_PDF_2026-04-13

FAQ

How many shares did Shell (SHEL) repurchase and cancel on 13 April 2026?

Shell repurchased and cancelled 747,124 shares on 13 April 2026. According to the company, those purchases were executed across multiple European trading venues as part of its ongoing buy-back programme.

What period does Shell's (SHEL) current buy-back programme cover?

The buy-back programme runs from 05 February 2026 to 01 May 2026. According to the company, Morgan Stanley will make trading decisions independently during that period.

Which broker executed Shell's (SHEL) share purchases on behalf of the company?

Morgan Stanley & Co. International Plc executed the trades independently on behalf of Shell. According to the company, the broker operated under pre-set parameters for the on- and off-market limbs.

On which trading venues did Shell (SHEL) execute the 13 April 2026 purchases?

Purchases occurred on LSE, Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX. According to the company, the trades were split across GBP and EUR venues with separate VWAPs reported.

What were the volume-weighted average prices for Shell (SHEL) shares on 13 April 2026?

The reported VWAPs were approximately 34.68 GBP for GBP venues and 39.86 EUR for EUR venues. According to the company, those VWAPs reflect aggregated trades across the listed venues.

Are the repurchased Shell (SHEL) shares being cancelled or held in treasury?

The repurchased shares were purchased for cancellation on 13 April 2026. According to the company, the purchases form part of the existing buy-back programme and were acquired for cancellation.