Energy Gas Oil

Shell mulls New York listing, others – Bloomberg

Oil major Shell is looking at “all options” including switching its listing to New York from London, according to comments made by the company’s CEO in a piece published by Bloomberg Opinion.
“If we work through the sprint, and we are doing what we are doing, and we still don’t see that the gap is closing, we have to look at all options,” Bloomberg Opinion cited Chief Executive Officer Wael Sawan as saying.
By mid-2025, if the valuation gap remains, then Sawan made clear nothing is taboo, including switching the listing to New York, according to the column.
A spokesperson for Shell said Sawan had made comments along similar lines on several public occasions, adding that the company will “explore other options”, if there was a valuation gap beyond 2025.

Related posts

Shell pays Nigerian Government $4.929bn in royalties, taxes, others, in 2023

Editor

Nigeria’s rig count surge 64%, highest among OPEC members

Our Reporter

Gas cylinder explosion destroys multi-million naira goods in Calabar market

Our Reporter

FG set to close 2020 marginal oilfield bid round

Our Reporter

We’ll optimise existing assets, gas-to-power strategy for value delivery’

Our Reporter

Ado Bayero: AKK gas pipeline project will lead to economic boom

Our Reporter