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Shell Cancels 1.38 Million Shares in Ongoing Buy-Back Programme

Story Highlights
  • Shell repurchased and will cancel about 1.38 million shares on 16 February 2026 under its ongoing buy-back.
  • Morgan Stanley executes the programme independently within regulatory parameters, signalling disciplined capital returns to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shell Cancels 1.38 Million Shares in Ongoing Buy-Back Programme

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Shell (UK) ( (GB:SHEL) ) has issued an announcement.

Shell plc has repurchased 1,380,295 of its own shares across multiple venues in London and Europe on 16 February 2026, with the shares to be cancelled as part of its ongoing buy-back programme. The transactions, executed in both GBP and EUR markets, form a scheduled tranche of the repurchase plan first announced earlier in February.

The buy-back is being carried out by Morgan Stanley & Co. International, which is mandated to trade independently within preset parameters through 1 May 2026. The programme is structured to comply with UK and EU market abuse and listing rules, underscoring Shell’s effort to return capital to investors while adhering to regulatory standards in its key listing jurisdictions.

The most recent analyst rating on (GB:SHEL) stock is a Buy with a £40.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.

Spark’s Take on GB:SHEL Stock

According to Spark, TipRanks’ AI Analyst, GB:SHEL is a Outperform.

The score is driven primarily by solid underlying financial profitability/cash generation tempered by softer recent free-cash-flow trajectory and rising leverage. Supportive earnings-call guidance (cost reductions, disciplined CapEx, strong shareholder returns) and constructive technical trend add confidence, while valuation (moderate P/E and ~3.9% yield) is an additional positive.

To see Spark’s full report on GB:SHEL stock, click here.

More about Shell (UK)

Shell plc is a global energy company headquartered in the UK, operating across the oil, gas and broader energy value chain. The group is listed in London and other European markets and routinely uses share buy-back programmes as part of its capital allocation strategy to return cash to shareholders and manage its capital structure.

Average Trading Volume: 10,546,928

Technical Sentiment Signal: Buy

Current Market Cap: £162.4B

For a thorough assessment of SHEL stock, go to TipRanks’ Stock Analysis page.

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