SHEL
Another day, another buyback
Shell is back in the market buying up its own shares, then canceling them like a company that looked in the mirror and said, “Honestly, we could use fewer of us.” On April 22, it purchased shares across several trading venues, including the LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.
Why you should care
This isn’t a flashy growth story. It’s capital allocation 101. When a giant cash-generating company keeps repurchasing shares, it can lift per-share earnings and support the stock, even if the headline business is just chugging along. Shell also framed these purchases as part of its previously announced buyback program from February 5.
The fine print that matters
The company bought:
- 398,496 shares on the LSE
- 170,959 on Chi-X
- 53,655 on BATS
- 357,552 on XAMS
- 210,698 on CBOE DXE
- 56,400 on TQEX
That’s a lot of ticker tape just to end up with fewer shares in circulation. But that’s the whole point: less float, more cash returned to shareholders, and a management team basically saying, “We’d rather retire stock than let the money sit around.”
Big picture: Shell’s still leaning into shareholder returns, and in a market that loves anything with cash discipline, that usually doesn’t go unnoticed.