Shell (UK) (GB:SHEL)
LSE:SHEL
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Shell (UK)
(LSE:SHEL)
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Rating:64Neutral
Price Target:
3,320.00 p
▲(3.88% Upside)
Action:Reiterated
Date:05/11/26
The score is driven primarily by solid but cooling financial performance (revenue contraction and weaker free-cash-flow momentum), tempered by weak technical signals. Valuation is supportive (P/E ~12, ~3.47% yield), while the earnings call was constructive on capital returns, cost progress, and growth via ARC, offset by notable near-term disruptions and working-capital pressure.
Positive Factors
Integrated business model
Shell’s presence across upstream, refining, trading, marketing, chemicals and low‑carbon businesses creates diversified cash flows and internal margin arbitrage. That structural diversification reduces single-cycle exposure, supports steadier operating cash and enables cross-segment optimization over months.
Negative Factors
Revenue & FCF weakness
A clear TTM revenue contraction and materially weaker free cash flow (cash conversion roughly half of net income) erode internal funding for investment and returns. Prolonged top‑line weakness would pressure sustainment of capex, buybacks and dividend policy without asset sales or higher leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated business model
Shell’s presence across upstream, refining, trading, marketing, chemicals and low‑carbon businesses creates diversified cash flows and internal margin arbitrage. That structural diversification reduces single-cycle exposure, supports steadier operating cash and enables cross-segment optimization over months.
Read all positive factors
Shell (UK) (SHEL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£181.28B
Dividend Yield4%
Average Volume (3M)8.33M
Price to Earnings (P/E)12.0
Beta (1Y)0.62
Revenue Growth-9.84%
EPS Growth41.13%
CountryUK
Employees96,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)3.20
Shares Outstanding5,595,448,700
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
£3,804.45Price Target Upside19.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)5.05
Revenue Forecast (FY)£329.96B
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, robust adjusted earnings (~$7bn) and >$17bn cash flow from operations (ex‑WC), decisive capital allocation (5% dividend increase and $3bn buyback), strategic M&A (ARC acquisition) and concrete cost reduction progress (>$5bn delivered toward a $5–7bn target). Offsetting these positives are significant transitory headwinds: a large ~$11bn working capital outflow, the Pearl GTL outage and Qatar LNG volume disruptions due to the Middle East conflict, depressed chemical margins and lease accounting that temporarily increases reported leverage. Management frames most negatives as temporary or manageable (expect reversal of working capital, <$0.5bn repair cost, price‑lag effects to support IG), while many positives reflect durable operational and strategic improvements.Positive Updates
Strong Earnings and Cash Generation
Adjusted earnings of just under $7.0 billion for Q1 2026 and cash flow from operations (excluding working capital) of over $17.0 billion.
Negative Updates
Large Working Capital Outflow
Working capital outflow of approximately $11.0 billion in Q1 2026 (driven by higher commodity prices on inventory and receivables); management expects a significant portion to reverse over time, but it materially increased reported net debt this quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and Cash Generation
Adjusted earnings of just under $7.0 billion for Q1 2026 and cash flow from operations (excluding working capital) of over $17.0 billion.
Read all positive updates
Company Guidance
Shell’s forward guidance and framing was numeric and specific: 2026 cash CapEx is guided at $24–26 billion (including about $4 billion for the ARC Resources acquisition), with 2027–28 cash CapEx maintained at $20–22 billion as ARC’s ongoing spend is absorbed; the ARC deal (75% share/25% cash) lifts Shell’s expected compound annual production growth to ~4% to 2030 (from ~1% versus 2025). At Q1 end net debt was $52.6 billion (ex‑leases ~ $22 billion), adjusted earnings were just under $7 billion, cash flow from operations excluding working capital was > $17 billion, and working capital outflow was ~ $11 billion (expected to reverse over time) alongside a lease‑related increase of just over $3 billion; Pearl GTL Train repair is expected to take ~1 year with repair costs well below $0.5 billion. Capital returns: a $3 billion share buyback program over the next three months and a 5% dividend increase were announced, all within the 40–50% of CFFO through‑the‑cycle distribution policy (management noted ~18 quarters of $3bn+ buybacks and roughly $65 billion of buybacks over the past four years).Shell (UK) Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 266.20B | 272.49B | 284.31B | 316.62B | 381.31B | 261.50B |
| Gross Profit | 44.25B | 45.42B | 45.94B | 47.21B | 78.78B | 35.85B |
| EBITDA | 57.44B | 56.13B | 61.65B | 60.36B | 92.55B | 56.51B |
| Net Income | 18.65B | 18.21B | 16.09B | 19.36B | 42.31B | 20.10B |
Balance Sheet | ||||||
| Total Assets | 380.58B | 370.49B | 387.61B | 406.27B | 443.02B | 404.38B |
| Cash, Cash Equivalents and Short-Term Investments | 23.12B | 30.23B | 39.11B | 38.77B | 40.25B | 36.97B |
| Total Debt | 75.64B | 104.61B | 77.14B | 81.64B | 83.80B | 89.09B |
| Total Liabilities | 205.99B | 195.10B | 207.44B | 217.91B | 250.43B | 229.05B |
| Stockholders Equity | 173.57B | 174.46B | 178.31B | 186.61B | 190.47B | 171.97B |
Cash Flow | ||||||
| Free Cash Flow | 18.81B | 22.22B | 35.09B | 31.20B | 45.81B | 26.11B |
| Operating Cash Flow | 37.78B | 41.57B | 54.69B | 54.19B | 68.41B | 45.10B |
| Investing Cash Flow | -17.22B | -19.18B | -15.15B | -17.73B | -22.45B | -4.76B |
| Financing Cash Flow | -33.21B | -32.35B | -38.44B | -38.23B | -41.95B | -34.66B |
Shell (UK) Technical Analysis
Positive
3196.00
Price Trends
3306.19
Negative
3048.75
Positive
2854.62
Positive
Market Momentum
-18.71
Negative
51.56
Neutral
67.59
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 3196 is below the 20-day moving average (MA) of 3203.61, below the 50-day MA of 3306.19, and above the 200-day MA of 2854.62, indicating a neutral trend. The MACD of -18.71 indicates Negative momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | £4.54B | 21.34 | -3.13% | 14.05% | 36.10% | ― | |
69 Neutral | £5.24B | -136.53 | -4.05% | 8.77% | 57.55% | -54.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £181.28B | 12.01 | 10.58% | 4.00% | -9.84% | 41.13% | |
62 Neutral | £87.09B | 8.24 | 5.52% | 5.37% | ― | ― | |
62 Neutral | £87.09B | 2.13 | 5.52% | 5.42% | ― | ― | |
62 Neutral | £87.09B | 8.24 | 5.52% | 5.73% | -1.05% | ― |
* Energy Sector Average
GB:SHEL
Shell (UK)
3,239.00
889.63
37.87%
GB:HBR
Harbour Energy
287.20
128.22
80.65%
GB:BP.A
BP plc
145.00
4.09
2.90%
GB:BP.B
BP plc
160.00
5.02
3.24%
GB:BP
BP p.l.c.
565.20
226.87
67.05%
GB:ITH
Ithaca Energy PLC
256.20
140.72
121.86%
Shell (UK) Corporate Events
Regulatory Filings and Compliance
Shell Discloses Share Sale by Integrated Gas President Cederic Cremers
Neutral
May 11, 2026
Shell plc has disclosed a share transaction by senior executive Cederic Cremers, who serves as President of Integrated Gas, under EU and UK market abuse reporting requirements. The notification underscores Shell’s adherence to transparency r...
Business Operations and StrategyStock Buyback
Shell Cancels 1.2 Million Shares in Ongoing Buy-Back Programme
Positive
May 11, 2026
Shell plc has cancelled nearly 1.2 million of its own shares as part of an ongoing share buy-back programme, with purchases executed on 8 May 2026 across the London Stock Exchange, Chi-X and BATS venues at volume-weighted average prices around ...
Stock BuybackRegulatory Filings and Compliance
Shell Repurchases 1.23 Million Shares Under Ongoing Buy-Back Programme
Positive
May 8, 2026
Shell plc has executed a further tranche of its share buy-back activity, repurchasing 1.23 million shares on 7 May 2026 across the London Stock Exchange and Chi-X. The purchases, made in pounds sterling at a volume-weighted average price of just o...
Dividends
Shell Sets First-Quarter 2026 Interim Dividend and Payment Timetable
Positive
May 7, 2026
Shell has declared a first‑quarter 2026 interim dividend of US$0.3906 per ordinary share and US$0.7812 per American Depositary Share, underlining its continued commitment to shareholder returns. Shareholders can elect to receive the payout i...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell launches $3 billion buyback to cut share capital
Positive
May 7, 2026
Shell plc has launched a $3 billion share buyback programme over roughly three months, aiming to reduce its issued share capital by cancelling all repurchased shares. The move underscores Shell’s continued focus on returning cash to sharehol...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Shell lifts Q1 2026 earnings, raises buybacks and reshapes portfolio
Positive
May 7, 2026
Shell plc reported a strong first quarter of 2026, with income attributable to shareholders rising to $5.7 billion and adjusted earnings of $6.9 billion, supported by higher trading and optimisation results, better realised prices and refining mar...
Financial DisclosuresRegulatory Filings and Compliance
Shell International Finance B.V. Publishes 2025 Annual Financial Statements
Neutral
May 1, 2026
Shell plc announced that its financing subsidiary, Shell International Finance B.V., has published its annual financial statements for the period ended 2025, making them available online in PDF format for investors and other stakeholders. A copy o...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With Latest Share Buy-Back Tranche
Positive
May 1, 2026
Shell plc has executed another tranche of its ongoing share buy-back programme, repurchasing a total of 693,729 shares on 1 May 2026 across the London Stock Exchange, Chi-X and BATS venues for cancellation. The purchases were made in sterling, at ...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Drive with Fresh Share Buybacks
Positive
Apr 30, 2026
Shell plc has repurchased a significant tranche of its own shares for cancellation on 30 April 2026 across multiple trading venues in London and continental Europe. The buyback activity, executed in sterling and euros, forms part of the company...
Stock BuybackRegulatory Filings and Compliance
Shell Updates Share Capital and Voting Rights Denominator
Neutral
Apr 30, 2026
Shell plc has confirmed that, as of April 30, 2026, its issued share capital comprises 5,607,066,071 ordinary shares of €0.07 each, with no shares held in treasury. This share count, which already reflects shares repurchased under its ongoin...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Capital Return Plan With Further Share Buybacks
Positive
Apr 29, 2026
Shell plc has continued executing its existing share buyback programme, repurchasing and cancelling shares on 29 April 2026 across several European trading venues in both sterling and euros. The transactions, carried out on the London Stock Exchan...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Plan With Further Share Buy-Backs
Positive
Apr 28, 2026
Shell plc has disclosed new transactions in its own shares under its ongoing buy-back programme, repurchasing and cancelling hundreds of thousands of shares across multiple European trading venues. The purchases were executed in both sterling and ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances February Share Buy-Back With Fresh Share Cancellations
Positive
Apr 27, 2026
Shell plc has repurchased and cancelled a tranche of its own shares on 27 April 2026 across multiple venues in London and continental Europe, as part of its ongoing share buy-back programme launched in February. The purchases, executed in both ste...
Business Operations and StrategyM&A Transactions
Shell to buy ARC Resources in US$16.4 billion Montney push
Positive
Apr 27, 2026
Shell has agreed to acquire Canadian producer ARC Resources, a major operator in the Montney shale basin of British Columbia and Alberta, in a US$16.4 billion enterprise value deal that combines more than 1.5 million net acres from ARC with Shell&...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances Share Buy-back With New Tranche of Share Repurchases
Positive
Apr 24, 2026
Shell plc has executed another tranche of its ongoing share buy-back programme, repurchasing and cancelling shares on 24 April 2026 across multiple venues in London and continental Europe. The trades, conducted in both GBP and EUR, were carried ou...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Aggressive Share Buy‑Back With Multi‑Venue Repurchases
Positive
Apr 23, 2026
Shell plc has repurchased a further tranche of its own shares for cancellation on 23 April 2026 across several European trading venues, including the London Stock Exchange and platforms such as Chi‑X, BATS, XAMS, CBOE DXE, and TQEX, in both ...
Business Operations and StrategyStock Buyback
Shell Continues 2026 Buyback With Multi-Venue Share Repurchases
Positive
Apr 22, 2026
Shell plc has repurchased and cancelled a tranche of its own shares across multiple European trading venues as part of its ongoing on- and off-market share buy-back programme launched in February 2026. The latest transactions, executed independent...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Multivenue Share Buy-Back as Part of Capital Return Plan
Positive
Apr 21, 2026
Shell plc has disclosed the latest tranche of purchases under its ongoing share buy-back programme, acquiring ordinary shares across multiple European trading venues on 21 April 2026 for cancellation. The transactions, executed in both sterling an...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with Nearly 1.2 Million Shares Repurchased for Cancellation
Positive
Apr 20, 2026
Shell plc has repurchased and cancelled nearly 1.2 million shares across multiple European trading venues on 20 April 2026, as part of its ongoing on‑ and off‑market share buy-back programme launched in February. The purchases, execute...
Business Operations and StrategyStock Buyback
Shell Advances Capital Return Drive with Further Multivenue Share Buy-Back
Positive
Apr 17, 2026
Shell plc has repurchased and cancelled more than 2.7 million of its own shares across multiple European trading venues on 17 April 2026, paying in both pounds and euros as part of an ongoing buy-back initiative. The transactions, executed through...
Business Operations and StrategyStock Buyback
Shell Continues Capital Return Drive With Fresh Share Buyback Tranche
Positive
Apr 16, 2026
Shell plc has repurchased a total of 1,621,931 of its own shares on 16 April 2026 across multiple European trading venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE, and TQEX, for cancellation. The purchases, e...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return Drive With Fresh Share Buybacks
Positive
Apr 15, 2026
Shell plc has repurchased a total of more than 1.8 million shares across multiple venues in London and continental Europe for cancellation as part of its ongoing share buy-back programme. The trades were executed in both sterling and euros on plat...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Cancels Over 2 Million Shares in Ongoing Buy‑Back Programme
Positive
Apr 14, 2026
Shell plc has repurchased and cancelled more than 2.1 million of its own shares on 14 April 2026 across multiple European trading venues, paying volume‑weighted average prices in both sterling and euros. The transactions span the London Stoc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Capital Return With Latest Tranche of Share Buy-Backs
Positive
Apr 13, 2026
Shell plc has disclosed the latest tranche of purchases under its ongoing share buy-back programme, acquiring several hundred thousand shares across venues in London and continental Europe for cancellation. The trades were executed in sterling and...
Regulatory Filings and ComplianceShareholder Meetings
Shell Sets Hybrid Format and Files Documents for 2026 AGM
Neutral
Apr 13, 2026
Shell plc has published the notice of its 2026 Annual General Meeting, confirming the event will be held as a hybrid meeting at the Sofitel London Heathrow on 19 May 2026, allowing both physical and virtual participation. The company is dispatchin...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Advances February Buy-Back With Fresh 1.8 Million-Share Repurchase
Positive
Apr 10, 2026
Shell plc has repurchased and cancelled more than 1.8 million of its own shares on 10 April 2026 across several European trading venues, including the London Stock Exchange, Chi-X, BATS, XAMS, CBOE DXE and TQEX, in sterling and euros at volume-wei...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back Programme With April 9 Repurchases
Positive
Apr 9, 2026
Shell plc has repurchased a total of 249,491 of its own shares on 9 April 2026 across multiple trading venues in London and continental Europe, with the shares to be cancelled. The transactions were executed in both GBP and EUR on exchanges includ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Shell Continues Share Buy-Back with Multi-Venue Repurchases for Cancellation
Positive
Apr 8, 2026
Shell plc has repurchased a total of several million shares across multiple venues in London and continental Europe on 8 April 2026 as part of its ongoing share buy-back programme. The transactions, executed in both GBP and EUR, involved purchases...
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. ...
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.