Shell Plc Share Price Today, 21 November 2025: LSE Stock Slips as Oil Slides and Buybacks Roll On

London-listed shares in Shell Plc (ticker: SHEL) are trading lower on Friday as a sharp drop in oil and European gas prices weighs on the FTSE 100 energy heavyweights, even as the company continues aggressive share buybacks and offers a near‑4% dividend yield.

Shell Plc share price today (UK): snapshot for 21 November 2025

As of late morning trading in London on 21 November 2025, Shell’s UK‑listed stock is:

Last price: around 2,770p per share
– live quote of 2,770.50p at 10:59:04 on the London Stock Exchange. ^[1]
Daily move: down about 43p, or ‑1.5%, versus Thursday’s close of 2,813.50p. ^[2]
Day’s range so far: 2,760.00p – 2,790.50p. ^[3]
Opening price: 2,780.00p. ^[4]
Intraday volume: just over 2.0 million shares traded by 10:59, pointing to active interest in the stock. ^[5]

On current levels, Shell:

Sits roughly 5.7% below its 52‑week high of 2,937.50p, and
Remains about 22% above its 52‑week low of 2,270.00p. ^[6]

Shell’s market capitalisation stands at approximately £159 billion, keeping it firmly among the largest constituents of the FTSE 100 index. ^[7]

In the wider market, the FTSE 100 is also under pressure. Live data around the same time shows the index near 9,490, down about 0.4% on the day, as global risk appetite weakens. ^[8]

Global energy backdrop: oil and gas prices hit Shell shares

The main macro story dragging on Shell today is the third straight day of falling oil prices.

Brent crude is trading near $62–63 per barrel, down around 1.5–2% on Friday morning and on course for weekly losses of about 3%. ^[9]
WTI crude is hovering in the high‑$50s, also lower on the day. ^[10]

According to Reuters, the latest leg down in oil prices is tied to US efforts to broker a Russia–Ukraine peace deal, which markets fear could ultimately bring more Russian barrels back into the global system. At the same time, a stronger US dollar and fading expectations of a near‑term Federal Reserve rate cut are cooling risk appetite across commodities. ^[11]

The gas picture is similarly soft:

European benchmark TTF natural gas prices have fallen to around €30/MWh, their lowest levels since May 2024, with Trading Economics flagging a year‑on‑year drop of more than 35%. ^[12]

An IG market update this morning notes that Shell, BP and the wider UK energy sector are among the main drags on the FTSE 100, as the slide in oil and gas forces investors to reassess earnings momentum after a strong run earlier in the year. ^[13]

For Shell specifically, lower spot prices matter because:

The company’s Integrated Gas division has been a key profit engine, with trading results helping it beat expectations in the third quarter. ^[14]
Weakening oil and gas benchmarks raise questions about how sustainable recent cash flows and buyback levels are if the current price environment persists.

Fresh corporate news around Shell on (and just before) 21 November 2025

Although there is no major profit warning or deal announcement from Shell itself today, several pieces of recent news are shaping how investors read the stock on 21 November.

1. Ongoing share buybacks: new “Transaction in Own Shares” update

Overnight and into Friday’s news flow, investors are digesting the latest in a daily stream of share buyback disclosures:

A GlobeNewswire / Shell press release titled “Transaction in Own Shares” confirms that on 20 November 2025Shell repurchased 744,928 shares on the LSE, at prices between £28.00 and £28.365, with a volume‑weighted average price of £28.1975 per share.
The company also bought 738,513 shares on Euronext Amsterdam, with a VWAP just above €32.14. ^[15]

These purchases are part of the $3.5 billion buyback programme Shell launched with its third‑quarter results at the end of October, when it said shareholder distributions would continue to target 40–50% of cash flow from operations. ^[16]

Today’s live LSE price of roughly 2,770p is modestly below the levels at which Shell was buying on 20 November, underlining how swiftly sentiment has turned as oil prices rolled over.

Regulatory news feeds and international outlets such as the Manila Times and Taiwan News are carrying the same buyback notice dated 21 November 2025, re‑broadcasting the details of the 20 November purchases, which keeps the programme in the headlines today. ^[17]

2. Debt exchange offers: early uptake looks strong

Another theme in focus this week is Shell’s capital structure clean‑up:

On 18 November 2025, Shell announced early participation results in its ongoing exchange offers for several series of US‑dollar bonds, moving them from legacy issuers (Shell International Finance and BG Energy Capital) to Shell Finance US. ^[18]
Market commentary suggests that investors tendered roughly $6.2 billion of notes early, prompting Shell to extend the “early participation premium” to all eligible holders up to early December, a sign of healthy demand for the new structure. ^[19]

While this doesn’t change today’s earnings outlook, it reinforces the narrative that Shell is tidying up its balance sheet and improving flexibility for future US‑dollar funding.

3. Energy transition moves: hydrogen and renewables deals

On the decarbonisation front, Shell has also been in the news in the last 24 hours:

A report on 20 November highlighted that Shell signed a power purchase agreement (PPA) to offtake around 75% of the output from a 230‑MW solar project in Germany, securing renewable electricity for its 100‑MW Refhyne II hydrogen electrolyser. ^[20]

This kind of deal supports Shell’s narrative of investing in low‑carbon projects – although separate analysis has noted that only around 8% of the group’s total capital spending currently goes into renewables and other green investments, as management keeps a strong focus on oil and gas profitability. ^[21]

4. Legal and LNG backdrop: the Venture Global arbitration challenge

Beyond today’s tape, investors are still digesting a legal twist in Shell’s liquefied natural gas (LNG) business:

On 11 November 2025, Reuters reported that Shell has asked the New York Supreme Court to overturn an arbitration defeat against US LNG producer Venture Global, after an earlier case over missed cargo deliveries went against Shell while rival BP won a similar claim. ^[22]

While the sums involved are small relative to Shell’s overall balance sheet, the case underscores the commercial and legal risks in long‑term LNG contracts – a business area that has been central to Shell’s earnings resilience in recent quarters. ^[23]

Fundamentals, dividends and valuation: where Shell stands now

Despite today’s pull‑back, Shell’s share price is still sitting comfortably in the upper half of its 12‑month trading range.

Earnings and strategy

At the end of October, Shell reported third‑quarter 2025 adjusted earnings of about $5.4 billion, down around 10% year‑on‑year due largely to lower oil prices, but ahead of analyst expectations thanks to a strong performance in its gas trading arm. ^[24]

Alongside those results, management:

Reaffirmed its policy of returning 40–50% of cash flow from operations to shareholders via dividends and buybacks. ^[25]
Announced another $3.5 billion share repurchase for the current quarter. ^[26]
Emphasised ongoing cost‑cutting and capital discipline, including reduced spending plans and a tighter focus on high‑return projects in LNG and upstream oil & gas. ^[27]

This strategy is explicitly aimed at closing the valuation gap with US majors like ExxonMobil and Chevron, by offering stronger cash returns while keeping overall investment in check. ^[28]

Dividends and yield

Dividend policies matter a lot for income‑focused UK investors, and Shell remains a core yield play on the FTSE 100:

The board has declared a Q3 2025 interim dividend of $0.358 per ordinary share, equivalent to $0.716 per New York‑listed ADR, with a last ex‑dividend date of 14 November 2025 and payment due in December. ^[29]
Across the past four quarters, Shell’s annualised dividend is $2.86 per share, implying a yield of around 3.9% at recent prices. ^[30]

Combined with an ongoing buyback yield comfortably above 6%, several data providers estimate Shell’s total shareholder yield (dividends plus repurchases) in the low double digits, an important prop for the share price even when commodities wobble. ^[31]

Global listing perspective

For reference, the US‑listed ADRs (NYSE: SHEL) are recently quoted near $73.21, modestly lower on the day (about ‑0.6%) at last check. That broadly mirrors the 1.5% decline seen in London, suggesting that the pressure on Shell stock is global rather than UK‑specific.

How today’s move fits into the bigger picture for Shell stock

Putting it all together:

Short‑term headwind:
The combination of weaker oil, softer European gas prices and a wobble in global equities is pulling Shell’s share price down today, with the stock giving back a portion of its gains from earlier in the year. ^[32]
Supportive medium‑term story:
Underneath the day‑to‑day volatility, Shell is still delivering solid profits, leaning heavily on LNG and gas trading, while running a large buyback programme and growing its dividend at roughly 4% per year, in line with stated policy. ^[33]
Valuation context:
With the London stock now trading roughly 6% below its 52‑week high but more than 20% above its low, investors who bought during earlier dips are still well in the black. Year‑to‑date performance estimates point to a double‑digit percentage gain, outpacing the broader FTSE 100 despite today’s setback. ^[34]
Key risks:
Shell remains exposed to commodity price swings, regulatory and political risk around fossil fuels and climate policy, and ongoing legal disputes such as the Venture Global LNG arbitration challenge. ^[35]
Key supports:
Investors continue to be attracted by Shell’s strong balance sheet, disciplined capital spending, near‑4% dividend yield and aggressive buybacks, which together support earnings per share even in a softer price environment. ^[36]

What to watch after 21 November 2025

For anyone tracking Shell’s UK share price beyond today’s market close, the main things to watch over the coming days and weeks are:

Oil and gas prices
- Whether Brent crude stabilises above $60 per barrel or breaks lower will be crucial for sentiment across the energy complex. ^[37]
- Continued pressure on TTF gas around €30/MWh could temper earnings expectations for Shell’s gas trading business. ^[38]
Further buyback disclosures
- Daily “Transaction in Own Shares” announcements will show whether Shell keeps buying aggressively into this dip, effectively providing a floor for the share price, or scales back if volatility persists. ^[39]
Macro and FTSE 100 performance
- With UK equities under pressure from weak economic data and AI‑related tech volatility, Shell’s status as a high‑yield, cash‑generative blue chip may either cushion declines or amplify them if global risk‑off moves deepen. ^[40]
Next Shell updates
- The upcoming Q4 trading update, progress on the debt exchange offers, and any new announcements in hydrogen, LNG or upstream projects will all act as catalysts for the share price. ^[41]

Final note

All prices and figures above reflect publicly available data as of 21 November 2025 and may change as markets continue to trade. This article is for information and news purposes only and does not constitute investment advice. Always do your own research or consult a regulated financial adviser before making investment decisions.

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