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Shell (UK)
(LSE:SHEL)
Shell (UK) (SHEL) vs. iShares MSCI United Kingdom ETF (EWC)
Shell (UK) Business Overview & Revenue Model
Shell (UK) Earnings Call Summary
Shell (UK) Financial Statement Overview
| 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
Shell (UK) Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £189.65B | 11.92 | 8.25% | 4.00% | -9.21% | -2.61% | |
69 Neutral | £5.26B | -24.34 | -11.32% | 8.77% | 123.03% | -330.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | £82.12B | 1,650.36 | 0.10% | 5.37% | ― | ― | |
60 Neutral | £82.12B | 1,650.36 | 0.10% | 5.73% | -6.90% | -43.82% | |
54 Neutral | £4.24B | 11.13 | -4.67% | 14.05% | 63.10% | -161.03% | |
45 Neutral | £82.12B | 634.90 | 0.10% | 5.42% | ― | ― |
Shell (UK) Corporate Events
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 on the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE and Turquoise, at volume-weighted average prices around £33.58 and €38.86 per share.
These buy-backs form part of Shell’s previously announced on- and off-market share repurchase programme running from 5 February to 1 May 2026, with Morgan Stanley & Co. International conducting the trades independently within preset parameters. The programme is being executed under Shell’s existing shareholder authorities and in full compliance with UK and EU market abuse and listing regulations, underscoring the company’s ongoing capital return strategy for investors.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3694.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, executed in both GBP and EUR, involved tens of thousands of shares at volume‑weighted average prices in the low‑30s pounds and high‑30s euros per share, all earmarked for cancellation.
The buybacks are part of Shell’s ongoing share repurchase programme launched in February 2026, under which Morgan Stanley & Co. International Plc is independently executing trades until early May. By cancelling the repurchased stock under this strictly regulated UK and EU market abuse framework, Shell continues to return capital to shareholders and support its share price, reinforcing its capital allocation strategy within the broader energy sector.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3601.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 printed copies of the Form 20‑F to be provided free of charge from late April, underscoring Shell’s ongoing compliance with U.S. listing requirements and its effort to ensure transparency and access to financial information for investors and other stakeholders.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3601.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 filed with regulators in the UK and the Netherlands, with printed copies to follow in April, and Shell will also submit a Form 20‑F to the US Securities and Exchange Commission, underscoring its compliance with multiple listing and transparency regimes.
By distributing the 2025 Annual Report and Accounts across UK, Dutch, and US regulatory platforms, Shell reinforces its obligations as a cross‑listed issuer and ensures broad access for global investors. The move formalises disclosure of full‑year financial and governance information for 2025, providing shareholders, analysts, and regulators with the core documentation they rely on for oversight, investment decisions, and assessment of Shell’s performance and reporting standards.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3601.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 sterling and euros for a total of more than 600,000 shares, which will be cancelled. The transactions form part of the company’s ongoing on- and off-market share buy-back programme running from early February to 1 May 2026, executed independently by Morgan Stanley within pre-set parameters and in compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued emphasis on capital returns and adherence to post-Brexit regulatory frameworks.
By retiring the repurchased shares, Shell is likely to enhance earnings per share and signal confidence in its balance sheet and cash generation, a move that may be welcomed by investors focused on shareholder distributions. The company’s strict adherence to both EU and onshored UK Market Abuse Regulations, as well as UK Listing Rules, also highlights its effort to maintain robust governance standards and transparency in its buy-back activity across jurisdictions.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, Chi-X, BATS, Euronext Amsterdam and CBOE, are intended for cancellation, thereby reducing the company’s share count.
The buy-back activity forms part of the on- and off‑market limbs of a capital return plan launched on 5 February 2026, with Morgan Stanley & Co. International Plc mandated to execute trades independently within pre-set parameters. The programme is being conducted under UK and EU market abuse and listing rules, underscoring Shell’s adherence to regulatory requirements while continuing to deploy excess cash toward shareholder distributions.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3560.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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. These shares are being cancelled as part of the company’s existing buy‑back programme, which is executed by Morgan Stanley & Co. International Plc acting independently within pre‑set parameters.
The repurchase activity forms part of the on‑ and off‑market limbs of Shell’s previously announced capital return plan, conducted under its shareholder‑approved authorities. By continuing to retire shares under a programme structured to comply with UK and EU market abuse and listing rules, Shell is reinforcing its shareholder distribution strategy and signalling an ongoing commitment to disciplined capital management within the regulatory frameworks of its key listing jurisdictions.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3478.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 insiders.
Chief Human Resources and Corporate Officer Rachel Solway disposed of 9,000 Shell shares at £31.00 per share on 5 March 2026 in an off‑market transaction, totalling about £279,000. Chief Legal Officer Philippa Bounds sold 6,000 shares at £31.07 per share on 6 March 2026 via the London Stock Exchange, for proceeds of roughly £186,000.
The notified dealings do not indicate any change in Shell’s strategic direction but may be viewed by investors as routine personal portfolio management by senior executives. Nonetheless, such disclosures are important for governance oversight and help maintain market confidence in the transparency of trading by persons discharging managerial responsibilities.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3478.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 sterling on London and related UK platforms and in euros on continental exchanges, reduce the company’s share count and are intended to return excess capital to shareholders.
The buy-back is being carried out under Shell’s existing on- and off-market repurchase authorities, with Morgan Stanley & Co. International Plc executing trades independently within preset parameters. By conducting the programme in line with UK and EU market abuse and listing regulations, Shell reinforces its commitment to regulatory compliance while continuing a capital allocation strategy that can enhance earnings per share and support investor returns over time.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3450.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 transactions form part of the company’s previously announced on- and off-market share buy-back programme, executed independently by Morgan Stanley under preset parameters and in compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued focus on capital returns within a tightly regulated framework.
The buy-back activity demonstrates Shell’s ongoing commitment to reducing its share count, which can support earnings per share and underpin investor confidence in its capital management discipline. By structuring the programme under established authorities and regulatory regimes on both sides of the Channel, Shell signals adherence to best practices in market conduct while maintaining flexibility to return surplus cash to shareholders over the coming months.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3400.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, which cover top leaders across upstream, integrated gas, trading and supply, downstream, and renewables businesses, were settled on 4 March 2026 outside a trading venue, at nil consideration.
The vesting increases equity-based remuneration for key management and further aligns executive incentives with shareholder interests and the company’s long-term performance. The disclosures, made under EU and UK market abuse regulations, underscore Shell’s adherence to transparency requirements on insider dealings and provide investors visibility into compensation outcomes for the group’s leadership team.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3400.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, CBOE DXE and TQEX, with prices quoted in both GBP and EUR. The move forms part of the company’s previously announced capital return plan, with Morgan Stanley & Co. International executing the trades independently under preset parameters and in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s commitment to shareholder distributions and regulatory discipline.
Under the terms of its buy-back mandate, Shell’s transactions are being carried out through on-market and off-market limbs, both authorised by shareholders and framed by strict legal and regulatory requirements. The programme, running from 5 February to 1 May 2026, is designed to reduce the company’s share count and potentially enhance earnings per share, reinforcing Shell’s broader strategy of capital optimisation and sustained investor remuneration within the European energy sector.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3477.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 share, was made outside a trading venue and disclosed in line with EU and UK market abuse regulations.
The transaction underscores Shell’s continued use of equity-based incentives to align senior management compensation with shareholder interests and long-term performance. Such awards are a routine part of remuneration structures for key executives, reinforcing the importance of the trading and supply division within Shell’s broader energy and commodities operations.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3477.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 to be cancelled. The transactions, executed in both sterling and euros by Morgan Stanley & Co. International under an existing mandate, form part of Shell’s ongoing on‑ and off‑market share buy‑back programme, conducted within preset parameters and in compliance with U.K. and EU market abuse and listing rules.
By continuing to shrink its share count through regulated buy‑backs, Shell is returning excess capital to investors and potentially enhancing earnings per share while signalling confidence in its cash generation. The use of an independent broker and strict adherence to UK MAR and EU MAR frameworks are aimed at ensuring market integrity and transparency, which is relevant for shareholders, regulators, and other market participants monitoring Shell’s capital allocation strategy.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3477.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, BATS and Euronext Amsterdam, will be cancelled, reducing the company’s share count.
The buy-back is being executed by Morgan Stanley & Co. International on an independent basis within pre-set parameters and under the company’s existing authorities to repurchase shares on- and off-market. Conducted in compliance with UK and EU market abuse and listing rules, the ongoing programme underscores Shell’s continued focus on capital returns and may support earnings per share and shareholder value over time.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £3412.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 regulations on PDMR transactions. The awards, delivered in London- and Amsterdam-listed shares at set market prices, are subject to a three-year post-award holding period that continues even after employment ends.
The share-based awards cover top leaders across the business, from integrated gas and trading to downstream, renewables and HR, reinforcing Shell’s use of equity-linked remuneration to align management with shareholder interests. While the total number of shares and values differ by role, the structure underscores a continued emphasis on long-term incentives and governance transparency in executive pay practices, with all transactions executed outside a trading venue and formally notified to the market.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 cancelled under Shell’s ongoing repurchase programme, will serve as the reference denominator for investors assessing whether their holdings trigger disclosure obligations under UK transparency rules, reinforcing regulatory clarity around Shell’s capital base and major shareholdings.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 €34.5 in the EU. The transactions are part of the on- and off-market limbs of its existing share buy-back programme, executed independently by Morgan Stanley within pre-set parameters and in compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued capital return strategy within a tightly regulated framework.
By cancelling the repurchased shares, Shell reduces its share count, which can enhance earnings per share and signal management’s confidence in the company’s financial strength. The cross-venue nature of the buy-backs, and the detailed adherence to post-Brexit UK MAR and onshored EU rules, highlights the company’s emphasis on regulatory compliance and may reassure investors and regulators about the transparency and governance of its capital management activities.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 volume‑weighted average prices around £30 and €34.47 per share, span the London Stock Exchange, Chi‑X, BATS, XAMS, CBOE DXE and TQEX.
These buy‑backs form part of Shell’s previously announced on‑ and off‑market share repurchase programme running from 5 February to 1 May 2026, for which Morgan Stanley & Co. International Plc is making trading decisions independently of the company. The programme is being carried out under existing shareholder authorities and within strict parameters designed to comply with UK Listing Rules and both EU and UK versions of the Market Abuse Regulation, underscoring Shell’s commitment to capital returns within a tightly governed framework.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 Morgan Stanley under a mandate running to 1 May 2026, are part of Shell’s ongoing on‑ and off‑market share buy‑back programme conducted within prescribed regulatory parameters in the UK and EU.
By continuing to retire shares, Shell is pursuing capital returns that can enhance earnings per share and signal confidence in its balance sheet and cash generation. The adherence to UK and EU market abuse and listing rules underscores the company’s effort to run the buy‑back in a tightly governed framework, providing transparency and predictability for investors and other market participants.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 EUR. The trades, carried out at volume-weighted average prices around £29.54 and €33.85 per share, reinforce Shell’s continued use of buy-backs to return capital to shareholders and manage its capital structure.
The buy-back activity forms part of an existing programme announced earlier in February 2026, under which Morgan Stanley & Co. International Plc executes trades independently for a set period ending 1 May 2026. The programme is structured with distinct on-market and off-market limbs and is being conducted within pre-set parameters and in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s focus on regulatory adherence and transparent capital management.
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.
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 capital management strategy through an existing share buy-back programme.
These buy-backs fall under the on- and off-market limbs of the programme launched on 5 February 2026, with Morgan Stanley & Co. International Plc making trading decisions independently within preset parameters. By continuing to retire shares under a framework aligned with UK and EU market abuse regulations, Shell is signalling a focus on shareholder returns and disciplined balance-sheet management.
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.
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, executed in both sterling and euros, are for cancellation, directly reducing the company’s share count.
The buy-backs are being carried out by Morgan Stanley & Co. International independently of Shell within pre-set parameters and under UK and EU market abuse and listing rules. The programme, running from early February to early May 2026, underlines Shell’s ongoing commitment to returning capital to shareholders and could enhance earnings per share while signalling confidence in its financial position.
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.
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 and euros. The transactions, which were carried out at volume‑weighted average prices around £28.86 in London and about €33.15 in Amsterdam, reduce the company’s share count and form part of a previously announced programme to return capital to investors.
The buy‑back is being implemented through on‑ and off‑market limbs within pre‑set parameters under Shell’s existing shareholder authorities and in line with UK and EU market abuse and listing rules. Morgan Stanley & Co. International plc is executing the trades independently for a period running to 1 May 2026, underscoring the structured and regulatory‑compliant nature of Shell’s capital management and its continued focus on enhancing shareholder value through repurchases.
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.
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 the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE, and TQEX as part of its active capital management.
These purchases form part of Shell’s ongoing on- and off-market share buy-back programme that was launched earlier in February 2026 and runs until May 2026. The programme is being executed independently by Morgan Stanley & Co. International within pre-set parameters, and is structured to comply with UK and EU market abuse and listing regulations, underlining Shell’s effort to return capital while operating within strict governance frameworks.
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.
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.
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 as part of the company’s latest on- and off-market buy-back programme launched earlier this month.
The buy-back is being executed by Morgan Stanley & Co. International on an independent basis within preset parameters and under the company’s existing shareholder authorities. By continuing to retire equity under a framework compliant with UK and EU market abuse rules, Shell is reinforcing its capital return strategy and potentially enhancing earnings per share for investors.
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.
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, with purchases denominated in both GBP and EUR for subsequent cancellation. The transactions form part of the on- and off-market components of Shell’s existing share buy-back programme running from 5 February to 1 May 2026, conducted by Morgan Stanley within preset parameters and in compliance with UK and EU market abuse and listing rules, underscoring Shell’s commitment to shareholder distributions and disciplined balance-sheet management.
The buy-back is designed to reduce Shell’s share count and may enhance earnings per share and capital efficiency over time, reinforcing its competitive positioning among integrated oil majors that are returning surplus cash to investors. By delegating trading decisions to Morgan Stanley and operating strictly under UK MAR and EU MAR frameworks, Shell aims to maintain regulatory integrity and transparency while continuing sizable repurchases that could support the stock and signal management confidence in its long-term cash generation.
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.
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. The transactions, executed in sterling and euros on exchanges including the LSE, Chi-X, BATS, XAMS, CBOE DXE and TQEX, signal ongoing commitment to shareholder distributions and balance-sheet optimisation.
The buy-back activity is being carried out by Morgan Stanley & Co. International Plc, which is mandated to make trading decisions independently within pre-set parameters until 1 May 2026. Shell emphasised that the programme is being conducted under its shareholder-approved authorities and in full compliance with UK and EU market abuse and listing regulations governing issuer repurchases, underscoring its focus on regulatory discipline while returning excess cash to investors.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £2850.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 buy‑back programme. The transactions, executed in both GBP and EUR at volume‑weighted average prices around £28.42 and €32.72 respectively, support Shell’s ongoing capital return efforts and reduce its share count, potentially enhancing earnings per share for investors.
The buy‑back is being carried out by Morgan Stanley & Co. International Plc, which is making trading decisions independently of Shell within pre‑set parameters through 1 May 2026. The programme is structured to comply with UK and EU market abuse and listing regulations, underscoring the company’s focus on regulatory‑aligned capital management while returning surplus cash to shareholders via systematic repurchases.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £2850.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 166,000 shares in London and Amsterdam-listed stock. The grants, which are subject to performance conditions and remuneration committee discretion, further align top management’s incentives with shareholder value and long-term company performance, while meeting EU and UK market abuse disclosure requirements for transactions by persons discharging managerial responsibilities.
The awards include significant packages for CEO Wael Sawan and CFO Sinead Gorman, along with heads of projects and technology, legal, upstream, integrated gas, downstream and renewables, and trading and supply. By tying a substantial portion of executive compensation to performance-based shares, Shell reinforces its pay-for-performance framework and signals continued emphasis on long-term strategic and financial targets to investors and other stakeholders.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £2850.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE and Turquoise at volume-weighted average prices around £27.93 and €32.15 respectively.
These transactions form part of Shell’s existing share buy-back programme announced on 5 February 2026, under which Morgan Stanley & Co. International is independently executing trades until 1 May 2026. The programme is being carried out under preset parameters and within the framework of UK and EU market abuse and listing regulations, underscoring Shell’s ongoing capital return strategy to shareholders through systematic share cancellations.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £32.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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-back programme. The transactions, executed by Morgan Stanley & Co. International Plc under pre-set parameters and the company’s shareholder-approved authorities, form part of an on- and off-market repurchase framework that is structured to comply with UK and EU market abuse and listing regulations, underscoring Shell’s continued use of buy-backs to manage its capital structure and return surplus cash to shareholders.
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.
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 Committee, with the appointment subject to shareholder approval at the 2027 AGM. EY will remain Shell’s external auditor through the 2026 financial year, also subject to shareholder approval, and the company emphasized that EY has issued only unqualified audit reports over the past two years with no disagreements on accounting, disclosure or audit matters, underscoring a planned and orderly transition intended to maintain audit quality and governance continuity for investors and other stakeholders.
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.
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 buy-back, managed independently by Morgan Stanley & Co. International Plc within pre-set parameters and under the company’s existing shareholder authorities, is being carried out in compliance with UK and EU market abuse and listing regulations, signalling continued capital returns to shareholders and reinforcing Shell’s disciplined approach to balance-sheet and capital management.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £2811.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 Amsterdam listings. Investors can choose to receive the payout in US dollars, euros or pounds sterling, with default currencies varying by holding structure, and the company has set a detailed timetable culminating in payment on 30 March 2026, while highlighting the availability of multiple dividend reinvestment programmes that allow shareholders and ADS holders to reinvest their distributions into additional Shell stock.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £32.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 split evenly between London and Netherlands market venues under two irrevocable, non‑discretionary contracts with a single broker, is expected—subject to market conditions—to be completed before the announcement of Shell’s first‑quarter 2026 results, signalling continued capital returns to shareholders and potentially supporting earnings per share and equity valuation while operating within the company’s existing shareholder authorities and European and UK market abuse regulations.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £32.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 costs. Adjusted earnings fell 40% quarter-on-quarter and 22% for the full year to $18.5 billion, while adjusted EBITDA declined 15% to $56.1 billion, reflecting lower liquids and LNG prices, weaker trading and optimisation and softer chemicals margins, partly offset by higher volumes, lower operating expenses and favourable tax effects. Operating cash flow was $9.4 billion in the quarter and $42.9 billion for 2025, with free cash flow of $26.1 billion for the year after $20.9 billion of capital expenditure; net debt rose to $45.7 billion and gearing increased to 20.7%, largely due to robust shareholder payouts. Total shareholder distributions reached $5.5 billion in the fourth quarter through dividends and buybacks, and the company launched a new $3.5 billion repurchase programme, underscoring its commitment to capital returns even as earnings and cash flow moderated versus 2024. Strategically, Shell highlighted $5.1 billion of structural cost reductions since 2022 and continued portfolio investment, including final investment decisions on Australia’s Gorgon Stage 3 integrated gas project and Nigeria’s HI gas project, supporting long-term upstream and LNG growth despite a softer pricing and margin environment.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £32.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, executed independently by Merrill Lynch International within pre-set parameters, form part of the on- and off‑market buy-back framework authorised by shareholders and are being carried out in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued capital return strategy and disciplined approach to managing its share capital.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 Shell’s ongoing buy-back programme that have not yet been cancelled, serves as the new denominator for investors assessing whether their holdings trigger disclosure obligations under UK financial transparency rules, providing clarity for shareholders and regulators on the company’s current voting rights base.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, executed independently by Merrill Lynch International within pre-set parameters and in line with UK and EU market abuse and listing regulations, underscores Shell’s continuing capital return strategy and balance sheet management, reducing the number of shares in issue and potentially enhancing earnings per share for investors while reinforcing its commitment to disciplined shareholder distributions.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, conducted by Merrill Lynch International acting independently within pre-set parameters, form part of the on- and off-market components of a buy-back initiative launched in October 2025, and are carried out in line with UK and EU market abuse and listing regulations, underscoring Shell’s ongoing capital return strategy and potentially enhancing earnings per share for investors through a reduced share count.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £3200.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 Merrill Lynch International under an independent mandate, form part of the on- and off‑market elements of the capital return plan authorised by shareholders and are being conducted within pre-set parameters and in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s ongoing commitment to distributing excess cash to shareholders and actively managing its capital structure.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £3200.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 programme. The purchases, executed independently by Merrill Lynch International within pre-set parameters, form part of Shell’s ongoing capital return strategy to shareholders and are being carried out under its existing on- and off-market repurchase authorities in full compliance with UK Listing Rules, UK and EU Market Abuse Regulations and related delegated regulations, underscoring the company’s continued use of buy-backs as a tool for capital allocation and balance-sheet management.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £3200.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, executed by Merrill Lynch International under an independent mandate and within pre-set parameters, reflect Shell’s continued capital return strategy to shareholders and are being carried out in strict compliance with UK and EU market abuse and listing rules, underscoring the company’s commitment to regulatory standards while reducing its share count over the buy-back period.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £32.50 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 EUR respectively. These transactions are part of Shell’s previously announced on‑ and off‑market share buy‑back programme running through 30 January 2026, executed independently by Merrill Lynch International within pre‑set parameters and in compliance with UK and EU market abuse and listing regulations, underscoring the company’s ongoing capital return strategy to shareholders and adherence to regulatory standards in its execution.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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. The transactions, executed independently by Merrill Lynch International within pre-set parameters and under the company’s existing shareholder authorities, are being carried out in compliance with UK and EU market abuse and listing rules, underlining Shell’s continued capital-return strategy and its adherence to regulatory standards designed to protect investors and support orderly trading in its securities.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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, executed independently by Merrill Lynch International within pre-set parameters, underscore Shell’s continued use of capital returns through buy-backs while adhering to UK and EU market abuse and listing regulations, signalling an ongoing focus on shareholder distributions and disciplined capital management.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 October 2025. The buy-back, executed independently by Merrill Lynch International within predefined parameters and in full compliance with UK and EU market abuse and listing regulations, underscores Shell’s continued focus on capital returns to shareholders and balance sheet management, reinforcing its shareholder remuneration strategy within the regulatory frameworks governing share repurchases in its core listing jurisdictions.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 International within pre-set parameters, involves shares bought for cancellation and is conducted under Shell’s existing shareholder authorities and in full compliance with UK and EU market abuse and listing regulations, underscoring the company’s continued focus on capital returns and disciplined balance-sheet management.
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.
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 form part of Shell’s previously announced on- and off-market share buy-back programme running from 30 October 2025 to 30 January 2026, executed independently by Merrill Lynch International within pre-set parameters and in full compliance with UK and EU market abuse and listing regulations, underscoring the company’s continued focus on returning excess cash to shareholders while adhering to strict governance standards.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 independently by Merrill Lynch International within pre‑set parameters and under Shell’s on- and off‑market repurchase authorities, is being carried out in compliance with UK and EU market abuse and listing regulations, underscoring the company’s continued focus on returning capital to shareholders and actively managing its capital structure.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 transactions, executed independently by Merrill Lynch International within preset parameters, are being carried out under Shell’s existing shareholder authorities and in full compliance with UK and EU market abuse and buy-back regulations, underscoring the company’s continued focus on returning capital to shareholders and actively managing its capital structure.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 2025. The transactions, executed independently by Merrill Lynch International within pre-set parameters, are being conducted under the company’s shareholder-approved authorities and in full compliance with UK and EU market abuse and buy-back regulations, underscoring Shell’s ongoing commitment to capital returns and balance sheet optimisation for shareholders.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 strategy. These transactions form part of the company’s previously announced on- and off‑market share buy-back programme running from 30 October 2025 to 30 January 2026, executed independently by Merrill Lynch International within pre-set parameters and in compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued focus on shareholder returns and disciplined balance sheet management.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 programme. The transactions, executed by Merrill Lynch International independently within pre-set parameters, are conducted under Shell’s existing shareholder-approved authorities and in full compliance with UK and EU market abuse and listing regulations, underscoring the company’s continued emphasis on returning capital to shareholders and managing its capital structure through structured buybacks.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
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 chemicals margins. The company expects Chemicals & Products to deliver adjusted earnings below break-even, with the Chemicals sub-segment posting a significant loss due to non‑cash deferred tax adjustments in a joint venture, and Trading & Optimisation results in that segment to be significantly lower than in the previous quarter. Group cash flow from operations will be weighed down by around $1.5 billion of outflows tied to timing of payments for German emissions certificates and typical German mineral oil tax payments, while group tax charges and segment earnings will be influenced by annual non‑cash reassessments of deferred tax assets, including about $0.3 billion of deferred tax effects in Marketing and Chemicals joint ventures. The update also highlights structural changes including the incorporation of the Adura UK upstream joint venture, which will alter future cash flow timing through dividend distributions, and a completed Canadian oil sands swap that reduces oil sands production and lowers Chemicals & Products adjusted earnings in tandem with a reduction in non‑controlling interests at group level.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
Shell plc has repurchased a total of 2,233,786 of its own shares on 7 January 2026 across multiple European trading venues, including the London Stock Exchange and Euronext Amsterdam, as part of its ongoing share buy-back programme. The shares, bought in both sterling and euros for subsequent cancellation, form a tranche of the buy-back initiative announced on 30 October 2025, which is being executed by Merrill Lynch International acting independently within pre-set parameters. The programme is structured to comply with UK and EU market abuse and listing regulations, underlining Shell’s continued use of capital returns via buy-backs as a tool to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £2900.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
Shell plc has continued executing its previously announced share buy-back programme, repurchasing and cancelling more than 1.47 million shares on 6 January 2026 across the London Stock Exchange and Euronext Amsterdam at volume‑weighted average prices of £27.6788 and €32.0363 respectively. The programme, managed independently by Merrill Lynch International within pre-set parameters and under both UK and EU market abuse and listing rules, underscores Shell’s ongoing capital return strategy and may incrementally enhance earnings per share and support the share price, signalling management’s commitment to shareholder distributions within a tightly regulated framework.
The most recent analyst rating on (GB:SHEL) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
Shell plc has repurchased a total of 1.5 million shares for cancellation on 5 January 2026 across the London Stock Exchange and Euronext Amsterdam, as part of its ongoing share buy-back programme. The transactions, executed by Merrill Lynch International under pre-set parameters and independent of the company, form a continuation of the buy-back initiative announced in October 2025 and are being carried out in accordance with UK and EU market abuse and listing regulations. The move reflects Shell’s continued use of excess capital for shareholder returns and results in a reduced share count, which can enhance earnings per share and underscores the company’s commitment to disciplined capital allocation within the regulatory framework of its key listing venues.
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.
Shell plc has disclosed that as of 31 December 2025 its issued share capital comprises 5,718,636,398 ordinary shares with no shares held in treasury, a figure that incorporates shares repurchased under its ongoing buy-back programme that have not yet been cancelled. This updated share count serves as the reference denominator for investors assessing whether they must report holdings or changes in holdings under UK disclosure and transparency rules, providing greater clarity for shareholders and regulators on Shell’s capital structure and voting rights base.
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.
Shell plc has continued its existing share buy-back programme with the repurchase on 31 December 2025 of a total of 562,006 shares across the London Stock Exchange and Euronext Amsterdam for cancellation, executed in both GBP and EUR. The latest tranche, carried out independently by Merrill Lynch International under pre-set parameters, underscores Shell’s ongoing capital return strategy to shareholders and is being conducted strictly within UK and EU market abuse and listing regulations, highlighting the company’s focus on regulatory compliance while reducing its share count and potentially enhancing earnings per share.
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.
Shell plc has executed another tranche of its ongoing share buy-back programme, repurchasing and cancelling a total of 1,863,897 shares on 30 December 2025 across the London Stock Exchange and Euronext Amsterdam, with trades conducted in both sterling and euros. The transactions, carried out independently by Merrill Lynch International within predefined parameters and under UK and EU market abuse and listing rules, form part of the on- and off-market components of a wider capital return initiative announced in late October 2025, underscoring Shell’s continued use of buy-backs as a tool to manage its capital structure and return excess cash to shareholders.
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.
Shell plc has repurchased 668,327 of its own shares on 24 December 2025 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, executed independently by Merrill Lynch International within pre-set parameters, are being carried out both on- and off-market under existing shareholder authorities and in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued capital-return strategy and disciplined approach to managing its share capital for investors.
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.
Shell plc disclosed that several senior executives, including Chief Executive Officer Wael Sawan and Chief Financial Officer Sinead Gorman, received additional Shell shares on 22 December 2025 through the automatic reinvestment of the company’s third-quarter 2025 interim dividend. The dividend shares relate to stock previously awarded under annual bonus and employee share plans and were acquired across Shell’s listings in Amsterdam, London and New York at prevailing market prices. The transactions, made public under EU and UK market abuse regulations, underline ongoing alignment between management compensation and shareholder returns, but do not represent discretionary open-market purchases by the executives.
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.
Shell plc has repurchased a total of 1,456,156 of its own shares on 23 December 2025 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing share buy-back programme announced in late October 2025. The transactions, executed independently by Merrill Lynch International within pre-set parameters, are being carried out under Shell’s existing on- and off‑market repurchase authorities and in full compliance with UK and EU market abuse and listing regulations, underlining the company’s continued capital-return strategy to shareholders and disciplined approach to balance-sheet management.
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.
Shell plc has repurchased a total of 1,464,165 of its own shares on 22 December 2025 across the London Stock Exchange and Euronext Amsterdam as part of its ongoing share buy-back programme, with the purchased shares designated for cancellation. The transactions, executed independently by Merrill Lynch International within preset parameters, form part of the company’s broader capital return strategy and are conducted under its existing shareholder authorities and in full compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued focus on shareholder distributions and adherence to regulatory standards in its buy-back activities.
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.
Shell plc has repurchased a total of 1,967,666 of its own shares on 19 December 2025 across the London Stock Exchange and Euronext Amsterdam for cancellation, as part of its ongoing share buy‑back programme announced at the end of October. The buy‑back, executed by Merrill Lynch International under preset parameters and in compliance with UK and EU market abuse and listing regulations, continues Shell’s capital return strategy to shareholders by reducing the number of shares in issue, which can enhance earnings per share and underscore management’s commitment to disciplined balance sheet and capital allocation policies.
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.
Shell plc has repurchased a total of 1,486,776 of its own shares for cancellation on 18 December 2025 across the London Stock Exchange and Euronext Amsterdam as part of its ongoing share buy-back programme announced on 30 October 2025. The transactions, executed independently by Merrill Lynch International within pre-set parameters and under the company’s existing authorities, are being conducted in compliance with UK and EU market abuse and listing regulations, underscoring Shell’s continued capital-return strategy and disciplined approach to managing its share capital for the benefit of shareholders.
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.
Shell plc has announced the purchase of its own shares as part of its ongoing buyback programme that began in October 2025. This initiative, carried out with the support of Merrill Lynch International, aims to enhance shareholder value. The programme complies with regulatory frameworks such as the UK Listing Rules and Market Abuse Regulation (MAR), reflecting Shell’s adherence to corporate governance standards and market practices.
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.
Shell plc announced the purchase of over 2.3 million shares for cancellation as part of its ongoing share buy-back program. This initiative, managed by Merrill Lynch International, aims to enhance shareholder value and is conducted in compliance with UK and EU regulations, reflecting Shell’s strategic financial management and commitment to returning capital to shareholders.
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.