Shell launches USD 4.23 billion share buyback program

• Shell launched a roughly three-month share buyback program worth USD 4.23 billion, targeting completion before its Q3 2026 results.
• Program includes USD 3 billion in new repurchases, reactivating USD 1.23 billion not executed during the prior buyback suspension tied to the ARC deal.
• Maximum of 565,550,000 ordinary shares may be repurchased across London and Netherlands trading venues through Oct. 23, 2026.
• All shares bought back under the program will be canceled, cutting issued share capital.

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