Shell (UK) (GB:SHEL)
LSE:SHEL
Top Page
Shell (UK)
(LSE:SHEL)
Select Model
Select Model
Rating:73Outperform
Price Target:
3,995.00 p
▲(11.97% Upside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by solid underlying financial performance and supportive earnings-call guidance on cost reduction, capital discipline, and shareholder returns. Technicals are strong but look overheated, and while valuation is reasonable with a ~3% yield, weaker recent free-cash-flow momentum and operational risks (Chemicals, safety, and reserve-life decline) cap the upside.
Positive Factors
Cash generation
Consistently high operating cash flow and multi‑billion free cash flow provide durable internal funding for maintenance and growth capex, debt servicing, and shareholder distributions. This underpins capital discipline and resilience across commodity cycles, sustaining strategic optionality over 2–6 months and beyond.
Negative Factors
Reserve life decline
A falling R/P ratio to ~7.8 years indicates a tightening resource base, increasing reliance on timely project sanctioning, acquisitions or higher exploration success to avoid production decline. Over the medium term this can raise per‑unit finding costs and pressure production profiles and long‑term cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistently high operating cash flow and multi‑billion free cash flow provide durable internal funding for maintenance and growth capex, debt servicing, and shareholder distributions. This underpins capital discipline and resilience across commodity cycles, sustaining strategic optionality over 2–6 months and beyond.
Read all positive factors
Shell (UK) (SHEL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£200.24B
Dividend Yield4%
Average Volume (3M)8.33M
Price to Earnings (P/E)12.6
Beta (1Y)0.72
Revenue Growth-9.21%
EPS Growth-2.61%
CountryUK
Employees96,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.43
Shares Outstanding5,633,515,600
10 Day Avg. Volume6,715,817
30 Day Avg. Volume8,334,816
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)1.24
Price to Sales (P/S)0.80
P/FCF Ratio9.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,476.41Price Target Upside-2.57% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)4.09
Revenue Forecast (FY)£302.00B
Shell (UK) Business Overview & Revenue Model
Company Description
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Ener...
How the Company Makes Money
Shell (UK) makes money primarily by producing, processing, trading, and selling energy products and related services across multiple parts of the energy value chain. Major revenue streams include: (1) Sales of refined petroleum products and fuels:...
Shell (UK) Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized disciplined execution, strong cash generation, aggressive cost reductions ($5.1bn achieved), disciplined capital allocation, record LNG activity (11% sales growth), and solid shareholder returns (4% dividend increase and $3.5bn buyback) alongside meaningful progress on emissions targets (70% of Scope 1/2 halving target, 18% reduction in customer-use emissions). Key negatives included four fatalities, continued Chemicals underperformance and margin risk, a decline in reserve life (R/P down to ~7.8 years), and some geopolitical/legal uncertainties (e.g., Kazakhstan). On balance the positives — particularly financial resilience, operational improvements, cost savings, and emissions progress — outweighed the negatives.Positive Updates
Strong cost reduction delivery
Achieved $5.1 billion of structural cost reductions by end-2025 (target $5–$7 billion by end-2028), reaching the lower bound three years early; nearly 60% of reductions from operational efficiencies, leaner corporate center and faster decision-making.
Negative Updates
Fatalities and ongoing safety risk
Four colleagues tragically lost their lives in operated businesses in 2025. Although process safety incidents fell by 30% year-over-year, the fatalities highlight serious remaining safety challenges and ongoing priority to improve personal and process safety.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong cost reduction delivery
Achieved $5.1 billion of structural cost reductions by end-2025 (target $5–$7 billion by end-2028), reaching the lower bound three years early; nearly 60% of reductions from operational efficiencies, leaner corporate center and faster decision-making.
Read all positive updates
Company Guidance
Shell reiterated a clear set of numeric targets and near‑term guidance: structural cost reductions $5–7bn by end‑2028 (already $5.1bn achieved by end‑2025, ~60% from operational efficiencies); cash CapEx range $20–22bn (2026, and Shell finished 2025 mid‑range); aim for >10% annual growth in normalized free cash flow per share through 2030; shareholder distributions 40–50% of CFFO through the cycle (2025 delivered at the top end, Q4 distribution ~52%), a 4% dividend increase and a $3.5bn share buyback to complete by the Q1 results (17th consecutive quarter of ≥$3bn buybacks). Reported 2025 results and balance‑sheet metrics: Q4 adjusted earnings $3.3bn, Q4 CFFO $9.4bn; FY adjusted earnings $18.5bn, FY CFFO ≈$43bn, FY free cash flow ≈$26bn; gearing 21% (9% excl. leases); group ROACE 9.4% (up vs 2024) with Mobility ROACE >15% and Lubricants >21%. Energy‑transition and operational targets: $10–15bn low‑carbon investment 2023–25 delivered; LNG sales growth target 4–5% p.a. to 2030 (11% growth in 2025); committed >1m boe/d of new projects by 2030 ( >25% started up by end‑2025); eliminated 100% routine flaring; ~70% of the Scope 1&2 2030 halving target achieved; product carbon intensity down 9% in 2025 (target 15–20% by 2030); customer use emissions down 18% in 2025; and process safety incidents fell ~30% year‑on‑year.Shell (UK) Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 272.49B | 284.31B | 316.62B | 381.31B | 261.50B |
| Gross Profit | 45.42B | 45.94B | 47.21B | 78.78B | 35.85B |
| EBITDA | 56.13B | 61.65B | 60.36B | 92.55B | 56.51B |
| Net Income | 18.21B | 16.09B | 19.36B | 42.31B | 20.10B |
Balance Sheet | |||||
| Total Assets | 370.49B | 387.61B | 406.27B | 443.02B | 404.38B |
| Cash, Cash Equivalents and Short-Term Investments | 30.23B | 39.11B | 38.77B | 40.25B | 36.97B |
| Total Debt | 104.61B | 77.14B | 81.64B | 83.80B | 89.09B |
| Total Liabilities | 195.10B | 207.44B | 217.91B | 250.43B | 229.05B |
| Stockholders Equity | 174.46B | 178.31B | 186.61B | 190.47B | 171.97B |
Cash Flow | |||||
| Free Cash Flow | 22.22B | 35.09B | 31.20B | 45.81B | 26.11B |
| Operating Cash Flow | 41.57B | 54.69B | 54.19B | 68.41B | 45.10B |
| Investing Cash Flow | -19.18B | -15.15B | -17.73B | -22.45B | -4.76B |
| Financing Cash Flow | -32.35B | -38.44B | -38.23B | -41.95B | -34.66B |
Shell (UK) Technical Analysis
Positive
3568.00
Price Trends
3102.62
Positive
2907.82
Positive
2769.17
Positive
Market Momentum
126.47
Positive
67.28
Neutral
75.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SHEL, the sentiment is Positive. The current price of 3568 is above the 20-day moving average (MA) of 3423.30, above the 50-day MA of 3102.62, and above the 200-day MA of 2769.17, indicating a bullish trend. The MACD of 126.47 indicates Positive momentum. The RSI at 67.28 is Neutral, neither overbought nor oversold. The STOCH value of 75.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SHEL.
Shell (UK) Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £200.24B | 12.65 | 8.25% | 4.00% | -9.21% | -2.61% | |
70 Outperform | £4.27B | -42.84 | -3.13% | 14.05% | 63.10% | -161.03% | |
69 Neutral | £5.28B | -24.34 | -4.05% | 8.77% | 123.03% | -330.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | £92.31B | 1,650.36 | 0.10% | 5.37% | ― | ― | |
61 Neutral | £92.31B | 1,650.36 | 0.10% | 5.73% | -6.90% | -43.82% | |
55 Neutral | £92.31B | 634.90 | 0.10% | 5.42% | ― | ― |
* Energy Sector Average
GB:SHEL
Shell (UK)
3,568.00
1,266.35
55.02%
GB:HBR
Harbour Energy
289.80
137.52
90.30%
GB:BP.A
BP plc
145.50
14.08
10.71%
GB:BP.B
BP plc
160.00
12.60
8.55%
GB:BP
BP p.l.c.
597.50
262.99
78.62%
GB:ITH
Ithaca Energy PLC
258.00
139.11
117.01%
Shell (UK) Corporate Events
Business Operations and StrategyFinancial Disclosures
Shell Flags Q1 2026 Outlook Amid Middle East Disruption and Margin Gains
Neutral
Apr 8, 2026
Shell issued an updated outlook for the first quarter of 2026, highlighting operational and financial expectations across its main business segments amid heightened uncertainty from the Middle East conflict. Integrated Gas production is projected ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With Fresh Share Buy-Back Tranche
Positive
Apr 7, 2026
Shell plc has repurchased and cancelled just over 1.28 million shares across multiple venues in London and continental Europe as part of its ongoing share buy-back programme. The purchases, executed in sterling and euros at volume-weighted average...
DividendsRegulatory Filings and Compliance
Shell executives receive additional shares through dividend reinvestment
Neutral
Apr 7, 2026
Shell has disclosed a series of share acquisitions by senior executives and other persons discharging managerial responsibilities, arising from the automatic reinvestment of the fourth‑quarter 2025 interim dividend paid on 30 March 2026. The...
Business Operations and StrategyStock Buyback
Shell Continues Share Buyback Programme With Fresh Repurchases for Cancellation
Positive
Apr 2, 2026
Shell plc has repurchased a total of 858,749 of its own shares on 2 April 2026 across multiple trading venues in London and continental Europe, with transactions executed in both GBP and EUR. The shares, acquired on markets including the LSE, Chi-...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2026 Buy‑Back With Multi‑Venue Share Repurchase
Positive
Apr 1, 2026
Shell plc has repurchased more than 2.3 million of its own shares on 1 April 2026 across multiple European trading venues, paying in both sterling and euros, with the shares to be cancelled. The trades, executed on the London Stock Exchange, Chi&#...
Business Operations and StrategyStock Buyback
Shell Continues Capital Return Drive With March Share Buy-Backs
Positive
Mar 31, 2026
Shell plc bought back and cancelled a total of 1,338,682 shares on 31 March 2026 across multiple venues in London and continental Europe, with trades executed in both GBP and EUR at volume-weighted average prices around the mid-30s in pounds and l...
Stock BuybackRegulatory Filings and Compliance
Shell Updates Market on Total Voting Rights and Share Capital
Neutral
Mar 31, 2026
Shell plc has disclosed that, as of March 31, 2026, its issued share capital consists of 5,638,556,417 ordinary shares with no shares held in treasury. This updated share count, which includes shares repurchased under Shell’s ongoing buy-bac...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With Further Share Buy-Backs
Positive
Mar 30, 2026
Shell plc has repurchased a total of 472,613 shares across multiple European trading venues on 30 March 2026, paying in the range of roughly £35–£36 and €40–€41 per share, with all shares bought for cancellation. ...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Plan with Fresh Tranche of Share Buybacks
Positive
Mar 27, 2026
Shell plc has disclosed another tranche of share repurchases, buying back ordinary shares on 27 March 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, for cancellation. The purchases, execut...
Business Operations and StrategyStock Buyback
Shell Advances Buy‑Back with Multivenue Repurchase and Cancellation of Shares
Positive
Mar 26, 2026
Shell plc has repurchased a total of over 1.19 million shares across multiple trading venues in London and continental Europe on 26 March 2026, paying volume‑weighted average prices in both sterling and euros, with the shares to be cancelled...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buyback Programme With March 25 Share Repurchases
Positive
Mar 25, 2026
Shell plc has repurchased a total of 1,089,316 of its own shares on 25 March 2026 across multiple venues in London and continental Europe, with trades executed in both GBP and EUR. The purchases, which will be cancelled, were carried out on the Lo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2026 Buy‑Back Programme With Multivenue Share Purchases for Cancellation
Positive
Mar 24, 2026
Shell plc has disclosed a fresh tranche of share repurchases, buying back a total of its own shares on 24 March 2026 across multiple venues including the London Stock Exchange, Chi‑X, BATS, Euronext Amsterdam, CBOE DXE and TQEX, in both ster...
Business Operations and StrategyStock Buyback
Shell Repurchases Over 3.2 Million Shares Under Ongoing Buy-Back Programme
Positive
Mar 23, 2026
Shell plc has repurchased more than 3.2 million of its own shares on 23 March 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, for cancellation. The purchases were executed in both GBP and E...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Retires Over 1.3 Million Shares in Ongoing Buy-Back Programme
Positive
Mar 20, 2026
Shell plc reported the repurchase and cancellation of 1,331,562 shares on 20 March 2026 across multiple European trading venues in both sterling and euro. The transactions are part of an existing on- and off-market share buy-back programme running...
Business Operations and StrategyStock Buyback
Shell Cancels Over 1.5 Million Shares in Ongoing Buy-Back Programme
Positive
Mar 19, 2026
Shell plc has repurchased a total of more than 1.5 million of its own shares on 19 March 2026 across multiple trading venues in London and continental Europe, with the transactions executed in both sterling and euros. The shares, bought on venues ...
Business Operations and Strategy
Shell Shuts Qatar LNG Output After Attack on Ras Laffan Hub
Negative
Mar 19, 2026
Shell has confirmed that liquefied natural gas production in Qatar has been shut down since early March, following an attack on Ras Laffan Industrial City on 18 March that triggered a fire at the Pearl gas-to-liquids facility. The company said all...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances EU and UK-Compliant Share Buy-Back with March 18 Cancellations
Positive
Mar 18, 2026
Shell plc has continued executing its existing share buy-back programme, repurchasing and cancelling shares across multiple European venues on 18 March 2026. The transactions, carried out in both sterling and euros on exchanges including the LSE, ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Capital Return Plan With Further Share Buy-Backs
Positive
Mar 17, 2026
Shell plc has repurchased a further tranche of its own shares for cancellation on 17 March 2026 across multiple European trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, Cboe DXE and Turquoise. The trades, exec...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy‑Backs with Multivenue Repurchases for Cancellation
Positive
Mar 16, 2026
Shell plc disclosed that on 16 March 2026 it repurchased and cancelled shares across several European trading venues, including the London Stock Exchange, Chi‑X, BATS, XAMS, CBOE DXE and TQEX, with prices quoted in both GBP and EUR. The tran...
Business Operations and StrategyDividends
Shell Sets Euro and Sterling Equivalents for Q4 2025 Dividend
Positive
Mar 16, 2026
Shell plc has confirmed the euro and pound sterling equivalents for its previously announced fourth-quarter 2025 interim dividend of US$0.372 per ordinary share, giving shareholders the option to receive their payout in US dollars, euros or pounds...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With March Share Buy-Backs
Positive
Mar 13, 2026
Shell plc has repurchased a total of 326,683 of its own shares on 13 March 2026 across multiple European trading venues, with the transactions executed in both pounds sterling and euros for subsequent cancellation. The purchases were carried out o...
Business Operations and StrategyStock Buyback
Shell Continues Capital Return Drive with March Share Buybacks for Cancellation
Positive
Mar 12, 2026
Shell plc has disclosed that it repurchased a tranche of its own shares on 12 March 2026 across several European trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, Cboe DXE and Turquoise. The transactions, execut...
Financial DisclosuresRegulatory Filings and Compliance
Shell files 2025 Form 20‑F and annual report, boosting disclosure access
Positive
Mar 12, 2026
Shell plc has filed its Form 20‑F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission and simultaneously released its 2025 Annual Report and Accounts. Both regulatory filings are available online, with print...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Shell Files 2025 Annual Report Across Key Global Markets
Neutral
Mar 12, 2026
Shell plc has published its Annual Report and Accounts for the year ended 31 December 2025, making the document available online and confirming it will be laid before shareholders at the annual general meeting on 19 May 2026. The report has been f...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Multi-Venue Buy-Back as Part of Capital Return Programme
Positive
Mar 11, 2026
Shell plc has repurchased a further tranche of its own shares across multiple European trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE and Turquoise, paying volume-weighted average prices in both ster...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with Nearly Two Million Shares Repurchased for Cancellation
Positive
Mar 10, 2026
Shell plc has repurchased a total of nearly two million shares across multiple European trading venues on 10 March 2026, as part of its ongoing share buy-back programme. The purchases, executed in both GBP and EUR on exchanges including the LSE, C...
Business Operations and StrategyStock Buyback
Shell Cancels Nearly 300,000 Shares in Ongoing Buy‑Back Programme
Positive
Mar 9, 2026
Shell plc has repurchased a total of 295,391 shares across multiple European trading venues, including the London Stock Exchange, Chi‑X, BATS, Euronext Amsterdam, Cboe DXE and Turquoise, with transactions settled in both sterling and euros. ...
Regulatory Filings and Compliance
Shell discloses share sales by senior executives under market abuse rules
Neutral
Mar 9, 2026
Shell plc reported share disposals by two members of its executive leadership, in line with EU and UK market abuse disclosure rules. The transactions involve ordinary shares of €0.07 each and provide transparency around trading by senior ins...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Regulated Share Buy-Back with New Tranche of Cancellations
Positive
Mar 6, 2026
Shell plc has repurchased a further tranche of its own shares for cancellation on 6 March 2026 across multiple trading venues in the UK and Europe, as part of its previously announced share buy-back programme. The transactions, executed in sterlin...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Aggressive Buy-Back With March Share Repurchases
Positive
Mar 5, 2026
Shell plc has repurchased and cancelled just over 1 million of its own shares on 5 March 2026 across multiple trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE and Turquoise, in both GBP and EUR. The tr...
Executive/Board ChangesRegulatory Filings and Compliance
Shell Executives Receive Vested Shares Under 2023 Long-Term Incentive Plan
Positive
Mar 5, 2026
Shell plc has disclosed that several senior executives, including Chief Executive Officer Wael Sawan and Chief Financial Officer Sinead Gorman, have received vested ordinary shares under the group’s 2023 Long Term Incentive Plan. The awards,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Steps Up Capital Returns With Fresh Round of Share Buy-Backs
Positive
Mar 4, 2026
Shell plc has continued its ongoing share buy-back programme by repurchasing and cancelling more than 1.9 million shares on 4 March 2026 across multiple trading venues in the UK and Europe, including the London Stock Exchange, Chi-X, BATS, XAMS, C...
Executive/Board ChangesRegulatory Filings and Compliance
Shell Grants Conditional Share Award to Trading and Supply President
Neutral
Mar 4, 2026
Shell plc has granted a conditional award of 11,269 ordinary shares to Andrew Smith, its President of Trading and Supply, under the Shell Share Plan 2023. The award, valued at about €404,895 based on a reference price of €35.93 per sha...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Regulated Buy‑Back With Multi‑Venue Share Repurchases
Positive
Mar 3, 2026
Shell plc has repurchased a total of more than 2.6 million of its own shares on 3 March 2026 across multiple European trading venues, including the London Stock Exchange, Chi‑X, BATS, Euronext Amsterdam, CBOE DXE, and TQEX, with the shares t...
Business Operations and StrategyStock Buyback
Shell Continues Capital Return Drive With Fresh Share Buy-Back Tranche
Positive
Mar 2, 2026
Shell plc has repurchased a tranche of its own shares across multiple European trading venues as part of its previously announced share buy-back programme. The shares, bought on 2 March 2026 on exchanges including the London Stock Exchange, Chi-X,...
Executive/Board ChangesRegulatory Filings and Compliance
Shell Awards Senior Executives Deferred Bonus in Shares Under PDMR Rules
Neutral
Feb 27, 2026
Shell plc has disclosed that several senior executives, including Chief Executive Officer Wael Sawan and Chief Financial Officer Sinead Gorman, have received part of their annual bonuses in ordinary shares, in line with EU and UK market abuse regu...
Stock BuybackRegulatory Filings and Compliance
Shell Updates Market on Total Voting Rights and Share Capital
Neutral
Feb 27, 2026
Shell plc has informed the market that, as of 27 February 2026, its issued share capital comprises 5,663,769,613 ordinary shares of €0.07 each, with no shares held in treasury. This figure, which includes shares bought back but not yet cance...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Cancels Over 1.2 Million Shares in Ongoing Buy-Back Programme
Positive
Feb 26, 2026
Shell plc has repurchased and cancelled a total of more than 1.2 million shares on 26 February 2026 across multiple European trading venues, including the London Stock Exchange, Chi-X and BATS, paying prices around £30 in the UK and €34...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2026 Buy‑Back With Over 1 Million Shares Repurchased for Cancellation
Positive
Feb 25, 2026
Shell plc has disclosed that it repurchased and cancelled a total of 1,091,750 shares on 25 February 2026 across multiple venues in London and continental Europe, with trades executed in both GBP and EUR. The transactions, conducted at volume̴...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Cancels 1.19 Million Shares in Ongoing Buy‑Back Programme
Positive
Feb 24, 2026
Shell has repurchased a total of just over 1.19 million shares across the London Stock Exchange, Chi‑X, BATS, Euronext Amsterdam and other European venues on 24 February 2026, with the shares to be cancelled. The transactions, executed by Mo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2026 Buy-Back With Multi-Venue Share Repurchases
Positive
Feb 23, 2026
Shell plc has executed a new tranche of its ongoing share buy-back programme, repurchasing and cancelling shares on 23 February 2026 across multiple venues including the London Stock Exchange, Chi-X, BATS, XAMS, CBOE DXE and TQEX in both GBP and E...
Business Operations and StrategyStock Buyback
Shell Continues Share Buy-Backs Under Ongoing Capital Management Programme
Positive
Feb 20, 2026
Shell plc has executed further purchases of its own shares for cancellation on 20 February 2026 across multiple trading venues in the U.K. and Europe. The transactions, conducted in both GBP and EUR markets, are part of the company’s ongoing...
Business Operations and StrategyStock Buyback
Shell Retires Over 3.4 Million Shares in Ongoing Buy-Back Programme
Positive
Feb 19, 2026
Shell plc has repurchased more than 3.4 million of its own shares across multiple venues in London and continental Europe on 19 February 2026, as part of its previously announced on- and off-market share buy-back programme. The transactions, execu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Multi‑Venue Share Buy‑Back With Fresh Tranche of Cancellations
Positive
Feb 18, 2026
Shell plc has executed another tranche of its ongoing share buy‑back, repurchasing and cancelling shares on 18 February 2026 across multiple venues including the LSE, Chi‑X, BATS, Euronext Amsterdam, CBOE DXE and TQEX in both sterling ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2026 Buy-Back with Multivenue Share Purchases
Positive
Feb 17, 2026
Shell plc has repurchased a total of several hundred thousand shares across multiple trading venues in London and continental Europe on 17 February 2026, paying volume-weighted average prices in both GBP and EUR. The transactions were executed on ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Cancels 1.38 Million Shares in Ongoing Buy-Back Programme
Positive
Feb 16, 2026
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 market...
Business Operations and StrategyStock Buyback
Shell Cancels 1.8 Million Shares in Ongoing Buy-Back Programme
Positive
Feb 13, 2026
Shell plc has repurchased a total of just over 1.8 million of its own shares across multiple European trading venues on 13 February 2026, paying prices around 28.7 pence in London and 33 euros on continental exchanges. The shares will be cancelled...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Capital Return Drive with Further Share Buy-Backs Across European Venues
Positive
Feb 12, 2026
Shell plc has continued to execute its capital return strategy by repurchasing its own shares on 12 February 2026 across multiple European trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE and Turquoise...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell advances European share buy-back with fresh on- and off-market purchases
Positive
Feb 11, 2026
Shell plc has continued executing its capital return strategy by buying back and cancelling shares across multiple European trading venues on 11 February 2026, as part of the on- and off-market elements of its existing share repurchase programme. ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Capital Return Drive With Further Multimarket Share Buy‑Backs
Positive
Feb 10, 2026
Shell plc has repurchased and cancelled a total of more than 1.1 million shares across the London Stock Exchange, Chi‑X, BATS, Euronext Amsterdam, Cboe DXE, and Turquoise on 10 February 2026, as part of its existing multi‑venue share b...
Executive/Board ChangesRegulatory Filings and Compliance
Shell grants performance-based share awards to top executives under 2023 plan
Positive
Feb 10, 2026
Shell plc has granted conditional performance share awards to its chief executive, chief financial officer and a group of senior business presidents under the Shell Share Plan 2023, with individual allocations ranging from roughly 35,000 to 166,00...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Plan With Further Share Buy-Backs
Positive
Feb 9, 2026
Shell plc has repurchased a total of 1,382,252 of its own shares on 9 February 2026 across multiple venues in London and continental Europe, with the shares to be cancelled. The purchases, executed in both GBP and EUR, were made on the London Stoc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Buys Back Over 1.6 Million Shares for Cancellation Under Ongoing Programme
Positive
Feb 6, 2026
Shell plc has repurchased a total of more than 1.6 million of its own shares on 6 February 2026 across multiple venues in London and continental Europe, with the shares to be cancelled as part of its capital return strategy under an existing buy-b...
Business Operations and StrategyRegulatory Filings and Compliance
Shell to Appoint PwC as New External Auditor from 2027 After Competitive Tender
Neutral
Feb 6, 2026
Shell plc has approved the proposed appointment of PricewaterhouseCoopers LLP as its new external auditor from the financial year ending 31 December 2027, following a competitive tender process overseen by the Board’s Audit and Risk Committe...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Programme with Further Share Buybacks for Cancellation
Positive
Feb 5, 2026
Shell plc has executed share repurchases on 5 February 2026 across multiple trading venues in the UK and Europe as part of its existing on- and off‑market share buy-back programme, with all purchased shares designated for cancellation. The b...
Dividends
Shell Announces Fourth-Quarter 2025 Interim Dividend and DRIP Options
Positive
Feb 5, 2026
Shell plc has declared an interim dividend for the fourth quarter of 2025 of US$0.372 per ordinary share and US$0.744 per American Depositary Share, reinforcing its policy of regular cash returns to shareholders across its London, New York and Ams...
Business Operations and StrategyStock Buyback
Shell launches $3.5bn share buyback to cut share capital
Positive
Feb 5, 2026
Shell plc has launched a new $3.5 billion share buyback programme, aimed at reducing its issued share capital by repurchasing and cancelling up to 400 million ordinary shares over an aggregate term of around three months. The buyback, which is spl...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Shell Profits Ease on Lower Prices but Cash Flows Support Bigger Shareholder Payouts
Neutral
Feb 5, 2026
Shell reported fourth-quarter 2025 income attributable to shareholders of $4.1 billion, up sharply year-on-year but down from the prior quarter amid unfavourable tax movements, lower marketing margins, weaker realised prices and higher operating c...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Buys Back 1.36 Million Shares Under Ongoing Capital Return Programme
Positive
Jan 30, 2026
Shell plc has repurchased a total of 1,361,056 of its own shares on 30 January 2026 across the London Stock Exchange and Euronext Amsterdam as part of its existing share buyback programme, with the shares to be cancelled. The transactions, execute...
Stock BuybackRegulatory Filings and Compliance
Shell Updates Total Voting Rights Following Share Buy-Back Activity
Neutral
Jan 30, 2026
Shell plc has disclosed that, as of 30 January 2026, its issued share capital comprises 5,687,196,643 ordinary shares of €0.07 each, with no shares held in treasury. This updated share count, which includes shares repurchased under ShellR...
Business Operations and StrategyStock Buyback
Shell Continues Capital Return Drive with Further Share Buy-Backs
Positive
Jan 29, 2026
Shell plc has repurchased a total of 1,351,003 of its own shares for cancellation on 29 January 2026 across the London Stock Exchange and Euronext Amsterdam as part of its ongoing share buy-back programme announced in October 2025. The buy-back, e...
Business Operations and StrategyStock Buyback
Shell Continues Share Buy-Back Programme With Further Cancellations
Positive
Jan 28, 2026
Shell plc has executed further share repurchases under its existing buy-back programme, cancelling 522,088 shares on the London Stock Exchange in sterling and 558,871 shares on the Amsterdam exchange in euros on 28 January 2026. The transactions, ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back Programme With Over 1.3 Million Shares Repurchased
Positive
Jan 27, 2026
Shell plc has continued execution of its existing share buy-back programme, repurchasing a total of 1,314,956 shares for cancellation on 27 January 2026 across the London Stock Exchange and Euronext Amsterdam. The transactions, carried out by Merr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back Programme With Latest Share Purchases for Cancellation
Positive
Jan 26, 2026
Shell plc has repurchased and cancelled a tranche of its own shares on 26 January 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, as part of its previously announced share buy-back programm...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2025–26 Buy-Back with £ and €1.1m Share Repurchase for Cancellation
Positive
Jan 23, 2026
Shell plc has repurchased a total of 1,147,196 shares on 23 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing share buy-back programme launched on 30 October 2025. The transactions, execu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with £ and €1.55 Million Share Repurchase for Cancellation
Positive
Jan 22, 2026
Shell plc has repurchased a total of around 1.55 million of its own shares on 22 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, at volume‑weighted average prices of approximately 26.98 GBP and 31.12 EU...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return with Further Share Buy-Backs for Cancellation
Positive
Jan 21, 2026
Shell plc has repurchased and cancelled a total of 1,320,967 of its own shares on 21 January 2026 across the London Stock Exchange and Euronext Amsterdam as part of its previously announced on- and off‑market share buy‑back programme. ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues 2025–26 Buy-Back With New Share Purchases for Cancellation
Positive
Jan 20, 2026
Shell plc has repurchased a total of 1,324,264 shares on 20 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing share buy-back programme announced in October 2025. The transactions, execute...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back Programme With Fresh Share Repurchases
Positive
Jan 19, 2026
Shell plc has repurchased a total of 1,321,082 of its own shares on 19 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing on- and off‑market share buy-back programme launched in Octo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Buys Back 1.18 Million Shares Under Ongoing Capital Return Programme
Positive
Jan 16, 2026
Shell plc has repurchased a total of 1,178,755 of its own shares on 16 January 2026 across the London Stock Exchange and Euronext Amsterdam as part of its ongoing share buy-back programme. The transaction, executed independently by Merrill Lynch I...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with 1.3 Million Shares Repurchased for Cancellation
Positive
Jan 15, 2026
Shell plc has repurchased a total of 1.31 million of its own shares on 15 January 2026 across the London Stock Exchange and Euronext Amsterdam, with the shares to be cancelled as part of its ongoing capital management strategy. The transactions fo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with Over 1.3 Million Shares Repurchased for Cancellation
Positive
Jan 14, 2026
Shell plc has repurchased a total of 1,306,279 of its own shares on 14 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its previously announced share buy-back programme. The buy-back, executed inde...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with Fresh Repurchases for Cancellation
Positive
Jan 13, 2026
Shell plc has repurchased a total of 1,677,480 of its own shares on 13 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing share buy-back programme launched on 30 October 2025. The transact...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Buy-Back Drive with Nearly 2 Million Shares Repurchased for Cancellation
Positive
Jan 12, 2026
Shell plc has repurchased a total of 1,961,992 of its own shares on 12 January 2026 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its existing on- and off-market share buy-back programme launched in October 2...
Business Operations and StrategyStock Buyback
Shell Continues 2025–26 Share Buy-Back with Fresh Share Purchases for Cancellation
Positive
Jan 9, 2026
Shell plc has repurchased a total of 2,090,? shares on 9 January 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, paying prices in both GBP and EUR as part of its ongoing capital management ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With Fresh Tranche of Share Buybacks
Positive
Jan 8, 2026
Shell plc has repurchased more than 2.4 million of its own shares on 8 January 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, for cancellation as part of its ongoing share buy-back program...
Business Operations and StrategyFinancial Disclosures
Shell Flags Weaker Chemicals & Products Earnings and Working-Capital Outflows in Q4 2025 Update
Negative
Jan 8, 2026
Shell has issued an updated trading statement for the fourth quarter of 2025, flagging broadly stable production in Integrated Gas and Upstream, seasonally lower Marketing volumes, and refining margins that are slightly higher but offset by weaker...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.