Share buybacks
On October 29, 2026, Shell plc (the ‘Company’) announced the commencement of a $5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company’s Q4 2026 results announcement.
The Company has entered into arrangements with two brokers consisting of two non-discretionary contracts: (i) one with a single broker to enable the purchase of ordinary shares on London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (the ‘London contract’); and (ii) one with a single broker to enable the purchase of ordinary shares on Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (the ‘Netherlands contract’), both arrangements for a period up to and including January 29, 2027. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $3 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $2 billion. Purchases under the London contract will be carried out in accordance with the Company’s authority to repurchase shares on market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the Company’s authority to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein.
The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme (across both contracts) is 470,000,000, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the Company's 2026 Annual General Meeting.
Other
The data in the spreadsheet will be updated weekly on Wednesday for the previous week’s transactions.