Royal Dutch Shell plc executed its first tranche of share purchases under its newly announced buyback programme on 24 February 2026, acquiring 1,191,059 shares for cancellation across four major European trading venues. The transactions, conducted on the London Stock Exchange, Chi-X, BATS, and Euronext, were completed in both British pounds and euros, with share prices ranging from 29.65 to 34.33 per share, reflecting market conditions across the venues and currencies used.
The share repurchase programme, which was formally announced on 5 February 2026, will continue through 1 May 2026 under the independent management of Morgan Stanley & Co. International Plc. By delegating trading decisions to the investment bank, Shell has established a framework intended to ensure autonomous execution of the buyback programme in compliance with applicable market regulations and the company's own policies.
Share buyback programmes typically allow companies to return capital to shareholders while potentially supporting earnings per share metrics. The multi-venue approach adopted by Shell reflects standard market practice for large-scale repurchase programmes, enabling execution across varied liquidity pools and currency denominations to optimize execution prices and minimize market impact.