---
title: "Key facts: Shell Launches Share Buy-Back Program; Secures U.S. Licenses"
description: "On February 20, 2026, Shell plc launched a share buy-back program, involving on- and off-market trades, with Morgan Stanley managing independent trades until May 1, 2026.1Shell has received newly issu"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276498039.md"
published_at: "2026-02-21T01:03:07.000Z"
---

# Key facts: Shell Launches Share Buy-Back Program; Secures U.S. Licenses

> On February 20, 2026, Shell plc launched a share buy-back program, involving on- and off-market trades, with Morgan Stanley managing independent trades until May 1, 2026.1Shell has received newly issued U.S. exploration licenses that enable the company to advance its long-delayed Dragon natural gas project in Venezuela, following a period of regulatory uncertainty.23

-   On February 20, 2026, Shell plc launched a share buy-back program, involving on- and off-market trades, with Morgan Stanley managing independent trades until May 1, 2026.1
-   Shell has received newly issued U.S. exploration licenses that enable the company to advance its long-delayed Dragon natural gas project in Venezuela, following a period of regulatory uncertainty.23

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.