Shell keeps vacuuming up its own stock

Same buyback, new day

Shell is back at it again. On April 24, the company said it purchased shares for cancellation across several venues in London, Amsterdam, and the European market plumbing that only traders seem to love.

The numbers, without the spreadsheet headache

The company bought 1,449,248 shares in total across the trading day, with prices landing in the low-30s sterling range on the London side and the high-30s euros on the continent. In plain English: Shell is still using its balance sheet like a broom, sweeping shares off the floor.

Why you should care

Buybacks don’t magically create revenue, but they do shrink the share count, which can make per-share metrics look healthier over time. If oil and gas cash flows stay sturdy, this is the kind of capital return move investors usually like to see—especially when the company has already signaled that repurchases are part of the plan.

Big picture: Shell isn’t trying to be flashy here. It’s doing the corporate equivalent of quietly eating vegetables and paying down the share count.