Share buybacks
On July 30, 2026, Shell plc (the ‘Company’) announced the commencement of a share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). As part of the programme, $3.000 billion of new share buybacks, plus $1.232 billion of share buybacks that were not undertaken during the Company’s previous share buyback programme[1] due to the announced suspension of such programme in connection with the Company’s agreement to acquire ARC Resources Ltd (‘ARC’), will be executed. 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 Q3 2026 results announcement.
The Company has entered into an arrangement with a single broker consisting of two non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (pursuant to one ‘London contract’) and Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (pursuant to one ‘Netherlands contract’) for a period up to and including October 23, 2026. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $2.821 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.411 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 565,550,000, 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.
[1] Such programme having been announced by the Company on May 7, 2026, and then (due to securities law requirements that applied to the Company in connection with the publication of ARC’s shareholder circular and subsequent shareholder meeting) suspended from, and including, June 12, 2026 until, and including, market close on July 14, 2026. The programme was completed (with the exception off those share buybacks not undertaken during the suspension period) on July 24, 2026.
Other
The data in the spreadsheet will be updated weekly on Wednesday for the previous week’s transactions.