BuybackJul 30, 2026, 02:05 AM
Shell Launches $4.232B Share Buyback Program
AI Summary
Shell plc announced the commencement of a share buyback program totaling $4.232 billion. This includes $3.000 billion in new buybacks and $1.232 billion carried over from a previous program that was suspended due to the acquisition of ARC Resources Ltd. The program, which aims to reduce the company's issued share capital by cancelling repurchased shares, is expected to be completed before the Q3 2026 results announcement. Purchases will be executed on both London and Netherlands exchanges through a single broker.
Key Highlights
- Shell launched a share buyback program totaling $4.232 billion.
- The program includes $3.000 billion in new share buybacks.
- An additional $1.232 billion in buybacks were carried over from a previously suspended program.
- The program is expected to last approximately three months, concluding before Q3 2026 results.
- The maximum number of ordinary shares to be repurchased is 565,550,000.
- Purchases will be made on London exchanges (up to $2.821 billion) and Netherlands exchanges (up to $1.411 billion).
- All repurchased shares will be cancelled to reduce issued share capital.
Price Impact
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