Transaction in Own Shares

On June 12, 2025, Shell plc repurchased shares on various exchanges, including the LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, as part of its previously announced share buy-back program initiated on May 2, 2025. BNP PARIBAS SA is independently managing the buy-back program until July 25, 2025, adhering to UK and EU Market Abuse Regulations; the repurchased shares will be cancelled.

Analysis

Shell plc executed a significant share repurchase on June 12, 2025, acquiring 572,000 shares across London-based exchanges (LSE, Chi-X, BATS) with volume-weighted average prices (VWAP) around £26.06, and an additional 646,000 shares across Euro-denominated exchanges (XAMS, CBOE DXE, TQEX) with VWAPs near €30.75. These transactions are part of Shell's existing share buy-back program, initially announced on May 2, 2025, with BNP PARIBAS SA independently managing trading decisions for this tranche until July 25, 2025. The repurchased shares are designated for cancellation, a move that reduces the total number of outstanding shares, thereby potentially enhancing earnings per share and return on equity. This consistent execution of the buyback strategy, compliant with UK and EU Market Abuse Regulations, underscores the company's commitment to returning capital to shareholders and reflects management's confidence, aligning with the positive per-ticker sentiment score of 0.7 for SHEL associated with this event.

Key Decisions for Investors

• The ongoing share repurchase program, with shares acquired for cancellation, is a positive catalyst that should support Shell's valuation by reducing the share count and signaling management's confidence.
• Investors should continue to monitor the daily transaction reports for this buyback program, noting the volume and price levels of repurchases, particularly as the current phase managed by BNP PARIBAS SA approaches its conclusion on July 25, 2025.
• Factor in the accretive impact of these share buybacks on earnings per share and return on equity when evaluating Shell's financial performance and investment attractiveness.