Shell bought back shares for cancellation on Aug. 11, continuing a buyback program that runs through Oct. 23. Goldman Sachs handles execution.
Shell plc bought back shares for cancellation on Aug. 11, the company said, continuing a buyback program announced July 30. Goldman Sachs International executed the purchases and will handle trading decisions through Oct. 23 under both on-market and off-market limbs.
The on-market limb follows pre-set parameters and Shell's general authority to repurchase shares on the open market. The off-market limb operates under a shareholder-approved buyback contract with its own pre-set parameters. Both limbs comply with Chapter 9 of the UK Listing Rules and EU and UK Market Abuse Regulations governing buyback programs.
Shell did not disclose the number of shares or total value of the Aug. 11 purchase. A full trade-by-trade breakdown is available in the regulatory filing.
Buybacks reduce outstanding share count, lifting earnings per share for remaining holders. Shell has used excess cash flow from its energy operations to return capital to shareholders, a strategy maintained through the recent oil price cycle. The company's Alpha Score sits at 51 out of 100, rated Mixed. The score reflects balanced risk-reward, with the buyback providing a floor under the stock while the broader energy sector faces demand uncertainty. The stock page is here.
The buyback authority runs until Oct. 23. Shell said the off-market limb operates under a shareholder-approved contract, with both limbs conducted within pre-set parameters.
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