Dutch oil supermajor Shell is considering shifting its listing from the London Stock Exchange to the New York Stock Exchange
Dutch oil supermajor Shell is considering shifting its listing from the London Stock Exchange LSE to the New York Stock Exchange NYSE , the Telegraph reported on Monday, citing the company’s CEO. According to the UK daily newspaper, Shell is considering “all options” as it bemoans under-appreciation on the London stock exchange. Year-to-date, Shell PLC’s stock is up 8.68% at $71.63.
The bigger problem, Blas writes, is Europe’s attack on fossil fuels, which has created what he calls “investor apathy” for supermajors such as Shell, the biggest member of the LSE’s FTSE 1000 Index. If Shell quits the LSE, it could lead to an exodus and make things uncomfortable for supermajor BP and commodities trader Glencore, Blas points out.
Shell NYSE Stocks Equities Big Oil
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