Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased 4,450,454 shares for cancellation on 08 April 2026 across multiple venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX).

Trades were executed under the existing buy-back programme announced 05 February 2026, with Morgan Stanley making independent trading decisions through 01 May 2026.

Positive

• 4,450,454 shares purchased for cancellation on 08 April 2026
• Buy-back executed across six trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX)
• Programme runs under existing authority from 05 Feb 2026 to 01 May 2026

Negative

• Significant VWAP spread between GBP (~33.62) and EUR (~38.62) venue executions

News Market Reaction – SHEL

-2.27%

10 alerts

-2.27% News Effect

-$6.22B Valuation Impact

$267.85B Market Cap

16.93K Volume

On the day this news was published, SHEL declined 2.27%, reflecting a moderate negative market reaction. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $6.22B from the company's valuation, bringing the market cap to $267.85B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

LSE shares bought: 1,504,732 shares LSE VWAP: 33.6212 GBP Chi-X shares bought: 534,310 shares +5 more

8 metrics

LSE shares bought 1,504,732 shares Repurchased on 08/04/2026 at LSE for cancellation

LSE VWAP 33.6212 GBP Volume weighted average price on 08/04/2026 at LSE

Chi-X shares bought 534,310 shares Repurchased on 08/04/2026 at Chi-X (CXE) for cancellation

XAMS shares bought 1,331,842 shares Repurchased on 08/04/2026 at XAMS for cancellation

XAMS VWAP 38.6168 EUR Volume weighted average price on 08/04/2026 at XAMS

TQEX shares bought 117,452 shares Repurchased on 08/04/2026 at TQEX for cancellation

Programme start 05 February 2026 Start date of existing share buy-back programme

Programme end 01 May 2026 Scheduled end date of current buy-back window

Market Reality Check

Price: $92.21 Vol: Volume 6,909,620 vs 20-da...

normal vol

$92.21 Last Close

Volume Volume 6,909,620 vs 20-day average 8,511,459 ahead of this buyback disclosure. normal

Technical Price 94.15 is trading above 200-day MA 75.6 and sits -0.79% below the 52-week high 94.9.

Peers on Argus

While SHEL was up 0.54%, momentum data show 5 large-cap energy peers (e.g., XOM,...

5 Down

While SHEL was up 0.54%, momentum data show 5 large-cap energy peers (e.g., XOM, CVX, PBR) moving down together (median move -5.8%), indicating this buyback update was more stock-specific against broader sector weakness.

Common Catalyst Peer TTE also reported a 'Transactions in Own Shares' update, pointing to concurrent buy-back disclosures among integrated oil majors.

Historical Context

5 past events · Latest: Apr 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 07	Share buy-back	Positive	+0.5%	Repurchase of 1,279,747 shares for cancellation under ongoing buy-back.
Apr 07	Insider shareholding	Neutral	+0.5%	PDMRs received dividend shares following 30 March 2026 interim dividend.
Apr 02	Share buy-back	Positive	+1.2%	858,749 shares repurchased for cancellation across six trading venues.
Apr 01	Share buy-back	Positive	-1.0%	2,379,170 shares cancelled; update coincided with -1.04% price move.
Mar 31	Share buy-back	Positive	+0.3%	1,337,682 shares repurchased and cancelled under February–May programme.

Pattern Detected

Recent buy-back disclosures generally coincided with modest positive moves, with one notable downside divergence.

Recent Company History

Over late March and early April 2026, Shell reported multiple daily buy-back transactions, cancelling between ~0.9M and ~2.4M shares per day across LSE, Chi-X/BATS, XAMS, DXE and TQEX. These updates, all under the programme running from 05 February 2026 to 01 May 2026, mostly aligned with small positive 24-hour price reactions (up to 1.16%), except for 01 April 2026, when a larger repurchase coincided with a -1.04% move. Today’s announcement continues that steady execution pattern.

Market Pulse Summary

This announcement details another day of on- and off-market share repurchases under Shell’s buy-back...

Analysis

This announcement details another day of on- and off-market share repurchases under Shell’s buy-back programme running from 05 February 2026 to 01 May 2026, executed independently by Morgan Stanley within regulatory limits. Recent history shows consistent daily cancellations and prior programmes disclosed via Form 6-K. Investors monitoring this theme typically track cumulative shares cancelled, the remaining programme window, and how these capital returns intersect with sector moves and broader regulatory disclosures.

Key Terms

volume weighted average price, buy-back programme, eu mar, uk mar, +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.

buy-back programme financial

"part of the on- and off-market limbs of the Company's existing share buy-back programme"

A buy-back programme is when a company uses cash to repurchase its own shares from the market, reducing the number of shares available to investors. Like a store buying back its own gift cards to concentrate value, buy-backs can raise earnings per share and signal management’s confidence but also use cash that might have funded growth or dividends—details investors watch to judge impact on value and risk.

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.

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.

off-market buyback contract financial

"repurchase shares off-market 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.

AI-generated analysis. Not financial advice.

Transaction in Own Shares      
08 April 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 08 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
08/04/2026	1,504,732	33.9800	32.5650	33.6212	LSE	GBP
08/04/2026	534,310	33.9700	32.5650	33.5726	Chi-X (CXE)	GBP
08/04/2026	230,161	33.9700	32.9900	33.6037	BATS (BXE)	GBP
08/04/2026	1,331,842	39.0800	37.4500	38.6168	XAMS	EUR
08/04/2026	731,957	39.0800	37.3450	38.6173	CBOE DXE	EUR
08/04/2026	117,452	39.0000	37.9250	38.4804	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_2026-04-08

FAQ

How many shares did Shell (SHEL) buy back on 08 April 2026?

Shell repurchased 4,450,454 shares on 08 April 2026. According to the company, the purchases were executed across LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX venues.

Are the Shell (SHEL) shares bought on 08 April 2026 being cancelled or held in treasury?

The shares purchased on 08 April 2026 were bought for cancellation. According to the company, the trades were executed as part of its ongoing buy-back programme announced 05 February 2026.

Who executed the Shell (SHEL) buy-back trades through 01 May 2026?

Morgan Stanley & Co. International Plc made trading decisions independently for the programme. According to the company, Morgan Stanley will trade from 05 February 2026 to 01 May 2026.

What venues and currencies were used for Shell (SHEL) 08 April 2026 purchases?

Purchases occurred on LSE, Chi-X, BATS (GBP) and XAMS, CBOE DXE, TQEX (EUR). According to the company, transactions were reported with GBP and EUR VWAPs.

How does the 08 April 2026 buy-back comply with regulations for Shell (SHEL)?

The buy-back was conducted under Chapter 9 UK Listing Rules and EU/UK MAR provisions. According to the company, the programme follows the EU MAR Delegated Regulation and UK MAR onshored rules.