Shell plc Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Shell plc (incorporated in England and Wales) covers share repurchase transactions conducted during March 2026. The report was filed on April 1, 2026. The transactions relate to the Company's ongoing share buy-back programme announced on February 5, 2026, which is scheduled to run through May 1, 2026.
Key Financial Metrics: Share Repurchases
The filing details daily share purchases for cancellation across multiple trading venues (LSE, Chi-X, BATS, XAMS, CBOE DXE, TQEX) in both GBP and EUR. The programme is executed by Morgan Stanley & Co. International Plc under pre-set parameters.
| Date | Total Shares Purchased | Primary Venues | Price Range (GBP) | Price Range (EUR) |
|---|---|---|---|---|
| 02 Mar 2026 | 143,414 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 31.13 - 31.58 | 35.81 - 36.18 |
| 03 Mar 2026 | 2,040,266 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 30.72 - 31.52 | 35.33 - 36.10 |
| 04 Mar 2026 | 1,939,746 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 30.50 - 31.00 | 35.12 - 35.68 |
| 05 Mar 2026 | 1,109,500 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 30.68 - 31.20 | 35.26 - 35.93 |
| 06 Mar 2026 | 776,817 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 30.97 - 31.54 | 35.69 - 36.41 |
| 09 Mar 2026 | 295,391 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 31.71 - 32.09 | 36.60 - 37.00 |
| 10 Mar 2026 | 1,951,727 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 31.12 - 31.98 | 35.98 - 36.98 |
| 11 Mar 2026 | 668,165 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 31.59 - 32.33 | 36.54 - 37.44 |
| 12 Mar 2026 | 336,348 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 32.37 - 32.80 | 37.56 - 37.98 |
| 13 Mar 2026 | 325,883 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 33.35 - 33.70 | 38.62 - 39.00 |
| 16 Mar 2026 | 867,083 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 33.77 - 34.20 | 39.11 - 39.60 |
| 17 Mar 2026 | 559,910 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.21 - 34.60 | 39.59 - 40.09 |
| 18 Mar 2026 | 1,618,094 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.36 - 34.76 | 39.81 - 40.23 |
| 19 Mar 2026 | 1,578,370 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.11 - 34.86 | 39.49 - 40.35 |
| 20 Mar 2026 | 1,331,652 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.04 - 34.82 | 39.42 - 40.29 |
| 23 Mar 2026 | 3,208,307 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 32.79 - 34.22 | 37.92 - 39.47 |
| 24 Mar 2026 | 431,264 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 33.63 - 34.41 | 38.96 - 39.65 |
| 25 Mar 2026 | 1,088,916 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 33.98 - 34.42 | 39.27 - 39.77 |
| 26 Mar 2026 | 1,189,827 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.28 - 34.73 | 39.68 - 40.15 |
| 27 Mar 2026 | 1,558,275 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.28 - 34.80 | 39.64 - 40.20 |
| 30 Mar 2026 | 472,613 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 34.97 - 35.66 | 40.32 - 41.01 |
| 31 Mar 2026 | 1,337,678 | LSE, Chi-X, BATS, XAMS, CBOE, TQEX | 35.24 - 35.91 | 40.59 - 41.33 |
Note: The filing does not provide a consolidated total share count or total expenditure for the month, nor does it disclose revenue, profit, cash flow, debt, or liquidity metrics. These figures are not present in the source text.
Material Changes and Programme Details
The share purchases are part of a dual-limb programme (on-market and off-market) authorized by shareholders. Trading decisions are made independently by Morgan Stanley & Co. International Plc within pre-set parameters. The programme adheres to Chapter 9 of the UK Listing Rules and the Market Abuse Regulation (EU MAR/UK MAR). No material changes to the programme structure were announced in this filing; it serves as a routine disclosure of execution.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational performance, or specific risk factors beyond the standard regulatory compliance statements regarding the buy-back programme. The programme is scheduled to conclude on May 1, 2026.
Key Facts for Investor Verification
- Programme Status: Verify the total cumulative shares repurchased under the February 5, 2026 announcement to assess remaining capacity.
- Share Count: Confirm the exact number of shares cancelled versus held in treasury, as the filing states shares were purchased "for cancellation."
- Financial Impact: Review the Company's most recent financial statements (not included here) to determine the impact of these repurchases on cash reserves and leverage ratios.
- Trading Execution: Note the significant volume on March 23 (over 3.2 million shares) and March 3 (over 2 million shares) compared to other days.
- Regulatory Compliance: Confirm adherence to UK MAR and EU MAR regulations as stated in the filing.