Shareholder Payouts

Despite the lower earnings, Shell maintained its quarterly $3.5 billion share‑buyback programme and raised its quarterly dividend by 4 % to $0.372 per share (ADS holders receive $0.744 per ADS). The dividend payment is scheduled for March 30, with an ex‑dividend date of February 19 for ordinary shareholders and February 20 for ADS holders. In the last quarter, Shell returned $5.5 billion to shareholders, comprising $3.4 billion in share repurchases and $2.1 billion in dividends, a payout that now represents 52 % of operating cash flow, exceeding the company’s target range of 40‑50 %. On February 5 , 2026, Shell purchased 1,488,201 shares for cancellation under its buy‑back programme; the shares were bought across multiple trading venues, with purchase prices ranging from £27.64 to £33.00 per share and an average weighted price of £28.11 for GBP‑denominated trades.