What did Shell (SHEL) announce on 30 January 2026 about share repurchases?

Shell announced it repurchased 1,361,056 shares on 30 January 2026 for cancellation. According to the company, purchases formed part of the buy-back programme announced on 30 October 2025 and were executed under prescribed on- and off-market parameters.

Transaction in Own Shares

Q: How many shares did Shell (SHEL) buy on the LSE and at what VWAP on 30 January 2026?

Shell bought 689,103 shares on the LSE at a VWAP of £27.8407 . According to the company, this is part of the ongoing buy-back programme managed independently by Merrill Lynch International through 30 January 2026.

Q: How many shares did Shell (SHEL) buy on XAMS and what was the VWAP on 30 January 2026?

Shell purchased 671,953 shares on XAMS at a VWAP of €32.1997 . According to the company, these trades are included in the aggregated breakdown required under EU MAR and UK MAR reporting rules.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Shell (SHEL) announced on 30 January 2026 it repurchased a total of 1,361,056 shares for cancellation under its existing buy-back programme announced 30 October 2025.

Purchases occurred on LSE and XAMS with VWAPs of £27.8407 and €32.1997 respectively; Merrill Lynch International executed trades independently through 30 January 2026.

Positive

Total shares repurchased: 1,361,056 on 30 January 2026
Repurchases executed across LSE and XAMS with disclosed VWAPs

Negative

None.

News Market Reaction – SHEL

-0.57%

1 alert

-0.57% News Effect

On the day this news was published, SHEL declined 0.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares repurchased LSE: 689,103 shares VWAP LSE: 27.8407 GBP Highest LSE price: 27.9700 GBP +5 more

8 metrics

Shares repurchased LSE 689,103 shares For cancellation on 30/01/2026 at LSE

VWAP LSE 27.8407 GBP Volume weighted average price on 30/01/2026

Highest LSE price 27.9700 GBP Highest price paid on 30/01/2026

Lowest LSE price 27.6900 GBP Lowest price paid on 30/01/2026

Shares repurchased XAMS 671,953 shares For cancellation on 30/01/2026 at XAMS

VWAP XAMS 32.1997 EUR Volume weighted average price on 30/01/2026

Current share price 77.47 Pre-news context for SHEL

52-week high 78.17 Price sits 0.9% below this level

Market Reality Check

Price: $92.60 Vol: Volume 10,108,674 is elev...

high vol

$92.60 Last Close

Volume Volume 10,108,674 is elevated versus 20-day average 5,882,906 (relative volume 1.72x). high

Technical Price 77.47 is trading above 200-day MA at 71.45, near the 78.17 52-week high.

Peers on Argus

SHEL is up 2.22% while key peers are mixed: CVX -0.85%, XOM +0.14%, TTE -1.44%, ...

SHEL is up 2.22% while key peers are mixed: CVX -0.85%, XOM +0.14%, TTE -1.44%, BP -1.53%, PBR -1.77%, pointing to a stock-specific move around the buyback disclosure.

Common Catalyst Peer headlines today center on earnings and operational updates for large integrated oil majors.

Historical Context

5 past events · Latest: Jan 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	Share buyback update	Neutral	+0.5%	Disclosure of 1,080,959 shares purchased and cancelled across LSE and XAMS.
Jan 26	Share buyback update	Neutral	-0.7%	Update on 1,313,901 shares repurchased for cancellation under existing programme.
Jan 23	Share buyback update	Neutral	+1.8%	Report of LSE and XAMS repurchases totaling over 1.1 million shares.
Jan 22	Share buyback update	Neutral	-1.9%	Disclosure of 1,547,847 shares repurchased for cancellation across venues.
Jan 21	Share buyback update	Neutral	+1.0%	Announcement of 1,320,967 shares bought back and cancelled under programme.

Pattern Detected

Recent buy-back disclosures have produced modest, mixed price reactions between -1.88% and +1.84%, suggesting these routine announcements are generally absorbed without large directional moves.

Recent Company History

Over the past weeks, Shell has repeatedly reported daily share repurchases for cancellation under its buy-back programme. From Jan 21–28 2026, the company disclosed multiple transactions across LSE and XAMS, with daily volumes typically around 1–1.5 million shares and VWAPs in the £26.9–£27.3 and €31.1–€31.6 ranges. Price reactions to these updates have been small and mixed, indicating the market has largely treated them as routine capital management rather than new fundamental information.

Market Pulse Summary

This announcement details another day of share repurchases for cancellation under Shell’s existing b...

Analysis

This announcement details another day of share repurchases for cancellation under Shell’s existing buy-back programme, including 689,103 shares on LSE and 671,953 on XAMS with specified VWAPs. Recent history shows a series of similar disclosures with small, mixed price reactions, indicating the market has treated them as routine capital management. Investors may track the cumulative pace of cancellations and compare executed prices to the prevailing share price and 200-day moving average at 71.45.

Key Terms

share buy-back programme, eu mar, uk mar, off-market buyback contract, +1 more

5 terms

eu mar regulatory

"Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”)..."

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

"and the EU MAR Delegated Regulation as “onshored” into UK law... from time to time (“UK MAR”)..."

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.

off-market buyback contract financial

"off-market limb will be effected in accordance with the Company’s general authority... pursuant to the off-market buyback contract approved by its shareholders..."

An off-market buyback contract is an agreement where a company agrees to repurchase its shares directly from a specific investor or group of investors, outside of the regular stock exchange or public trading. This allows the company to buy back shares privately, often at a negotiated price, which can influence the company's stock value and impact investor holdings. Such contracts matter to investors because they can affect the supply of shares and the company's financial strategy.

on-market limb financial

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

An on-market limb is the part of a takeover or share-purchase arrangement where shares are bought directly through the stock exchange at current market prices, rather than through private, negotiated off-exchange deals. For investors it matters because on-market purchases happen publicly and at prevailing prices, which can affect the stock’s trading price, liquidity and how quickly ownership changes hands — like buying items from a store shelf versus arranging a private sale.

AI-generated analysis. Not financial advice.

01/30/2026 - 12:18 PM

Transaction in Own Shares

30 January, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 30 January, 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
30/01/2026	689,103	27.9700	27.6900	27.8407	LSE	GBP
30/01/2026	-	-	-	-	Chi-X (CXE)	GBP
30/01/2026	-	-	-	-	BATS (BXE)	GBP
30/01/2026	671,953	32.3600	32.0300	32.1997	XAMS	EUR
30/01/2026	-	-	-	-	CBOE DXE	EUR
30/01/2026	-	-	-	-	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 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 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 Merrill Lynch International 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

2026.01.30 Shell RNS (with fills)

FAQ

How many shares did Shell (SHEL) buy on the LSE and at what VWAP on 30 January 2026?

Shell bought 689,103 shares on the LSE at a VWAP of £27.8407. According to the company, this is part of the ongoing buy-back programme managed independently by Merrill Lynch International through 30 January 2026.

How many shares did Shell (SHEL) buy on XAMS and what was the VWAP on 30 January 2026?

Shell purchased 671,953 shares on XAMS at a VWAP of €32.1997. According to the company, these trades are included in the aggregated breakdown required under EU MAR and UK MAR reporting rules.

Who executed the Shell (SHEL) buyback trades and what was the trading period?

Merrill Lynch International executed the trades independently for the period from 30 October 2025 to 30 January 2026. According to the company, trading decisions were made independently within pre-set parameters of the buy-back programme.

Where can investors find the detailed breakdown of Shell's (SHEL) buy-back trades?

Investors can find the detailed trade breakdown in the company's regulatory disclosure for 30 January 2026. According to the company, the announcement includes venue-level trade details and VWAPs to satisfy EU MAR and UK MAR requirements.