Share buybacks
On May 7, 2026, Shell plc (the ‘Company’) announced the commencement of a $3.0 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 Q2 2026 results announcement1.
The Company has entered into an arrangement with a single broker consisting of one, non-discretionary contract, 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’) for a period up to and including July 24, 2026. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $3.0 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.
The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme is 320,000,000, 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 2025 Annual General Meeting.
1Given the securities law requirements that apply to the Company in connection with the Company’s agreement to acquire ARC Resources Ltd. (“ARC”), it will be necessary to suspend the programme from the time of publication of the ARC shareholder circular until the conclusion of the ARC shareholder meeting. Any buybacks not undertaken due to such suspension will be part of the remaining 2026 programmes (subject to Board approval).
Other
The data in the spreadsheet will be updated weekly on Wednesday for the previous week’s transactions.