Shell Buys 2 Million Shares Under Its $5 Billion Buyback Program

Shell plc purchased 2,021,043 shares for cancellation on Nov. 11 under its $5 billion buyback program. The transactions took place across six sterling and euro trading venues.

Sterling venues accounted for 1,220,000 shares. The London Stock Exchange handled 763,893 at a volume-weighted average price of £36.7274; Chi-X (CXE) handled 267,526 at £36.7407; and BATS (BXE) handled 188,581 at £36.7247.

The euro venues accounted for 801,043 shares. XAMS handled 542,000 at an average of €44.1129, CBOE DXE handled 237,000 at €44.1178, and TQEX handled 22,043 at €44.1215.

Shell announced the $5 billion program on Oct. 29. The latest purchases add transaction details to Shell’s previously announced buyback.

The program uses separate contracts for London and the Netherlands, with maximum consideration of $3 billion and $2 billion, respectively. Both contracts run through Jan. 29, 2027, and allow for up to 470 million shares to be purchased or committed.

The buyback is intended to reduce Shell’s issued share capital. Subject to market conditions, the company planned to finish the program before announcing its fourth-quarter 2026 results.