Shell plc Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Shell plc, dated January 2, 2026, reports on share repurchase transactions conducted during December 2025. The filing serves as a disclosure of transactions in the company's own shares for cancellation, executed under a share buy-back programme announced on October 30, 2025.
Key Financial Metrics: Share Repurchases
The filing details daily share buy-backs executed across multiple trading venues, primarily the London Stock Exchange (LSE) in GBP and Euronext Amsterdam (XAMS) in EUR. The transactions were managed by Merrill Lynch International under pre-set parameters.
| Date | Venue | Shares Purchased | Avg. Price (GBP) | Avg. Price (EUR) |
|---|---|---|---|---|
| 01 Dec 2025 | LSE / XAMS | 739,902 / 735,172 | 28.0114 | 31.9581 |
| 02 Dec 2025 | LSE / XAMS | 745,510 / 740,501 | 27.9828 | 31.9135 |
| 03 Dec 2025 | LSE / XAMS | 736,192 / 731,646 | 28.0185 | 32.0618 |
| 04 Dec 2025 | LSE / XAMS | 732,476 / 725,028 | 28.0359 | 32.1490 |
| 05 Dec 2025 | LSE / XAMS | 745,195 / 739,886 | 27.6361 | 31.7302 |
| 08 Dec 2025 | LSE / BATS / XAMS | 697,461 / 42,067 / 740,816 | 27.4920 / 27.5299 | 31.5324 |
| 09 Dec 2025 | LSE / XAMS | 752,348 / 748,411 | 27.3936 | 31.4275 |
| 10 Dec 2025 | LSE / XAMS | 757,623 / 750,134 | 27.2388 | 31.2671 |
| 11 Dec 2025 | LSE / XAMS | 755,759 / 753,848 | 27.1075 | 31.0649 |
| 12 Dec 2025 | LSE / XAMS | 759,882 / 758,229 | 26.9623 | 30.8328 |
| 15 Dec 2025 | LSE / XAMS | 757,723 / 754,362 | 27.0912 | 30.9435 |
| 16 Dec 2025 | LSE / XAMS | 1,200,077 / 1,193,642 | 26.3093 | 30.0803 |
| 17 Dec 2025 | LSE / XAMS | 752,611 / 751,601 | 26.7413 | 30.5251 |
| 18 Dec 2025 | LSE / XAMS | 742,541 / 744,235 | 26.6213 | 30.4586 |
| 19 Dec 2025 | LSE / XAMS | 969,970 / 997,696 | 26.8356 | 30.6483 |
| 22 Dec 2025 | LSE / XAMS | 735,375 / 728,790 | 27.0718 | 31.0220 |
| 23 Dec 2025 | LSE / XAMS | 730,152 / 726,004 | 27.0175 | 31.0027 |
| 24 Dec 2025 | LSE / XAMS | 358,799 / 309,528 | 27.0785 | 31.0888 |
| 29 Dec 2025 | LSE / XAMS | 745,612 / 740,686 | 27.1025 | 31.1252 |
| 30 Dec 2025 | LSE / XAMS | 931,618 / 932,279 | 27.3075 | 31.3647 |
| 31 Dec 2025 | LSE / XAMS | 297,575 / 264,431 | 27.3601 | 31.3902 |
Note: The filing text does not provide a consolidated total share count or total expenditure for the month. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not included in this specific filing.
Material Changes and Programme Details
The reported transactions are part of an existing share buy-back programme with both on-market and off-market limbs. The programme is authorized to run from October 30, 2025, through January 30, 2026. Trading decisions were made independently by Merrill Lynch International within pre-set parameters. The filing indicates consistent daily activity across LSE and XAMS venues, with a notable increase in volume on December 16, 2025, and December 19, 2025.
Guidance, Outlook, and Risks
This filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard regulatory compliance statements regarding the UK Listing Rules and Market Abuse Regulations (EU MAR and UK MAR). The filing confirms adherence to regulatory frameworks for buy-back programmes.
Key Facts for Investor Verification
- Programme Duration: Verify the total volume purchased against the programme's authorized limit, which runs until January 30, 2026.
- Share Cancellation: Confirm that all purchased shares were cancelled as stated, reducing the total share count.
- Trading Venues: Note that purchases were split between GBP (LSE/BATS) and EUR (XAMS) markets, exposing the buyback to currency fluctuations.
- Price Trends: Observe the volume-weighted average price trends, which fluctuated between approximately 26.30-28.20 GBP and 30.08-32.15 EUR during the period.
- Regulatory Compliance: Ensure the transactions complied with the specific "onshored" UK MAR and EU MAR regulations cited in the filing.