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.
