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Shell Considers Moving Listing from London to New York Amid Valuation Concerns

The potential move by Shell could significantly impact the FTSE 100, threatening London's status as a major business hub.

  • Shell CEO Wael Sawan has put London on notice, threatening to move the company's main listing from London to New York if its shares remain undervalued.
  • Former Shell CEO Ben van Beurden has echoed concerns about the company being undervalued in the UK market compared to US-listed rivals.
  • Shell's potential move could result in the FTSE 100 losing its biggest player, significantly impacting London's status as a business hub.
  • Shell's share price has reached a record high, but the company believes it could be worth more in the US market.
  • The company's strategy to cut costs and return more money to shareholders has put it at odds with green groups, who criticize its slow pace on emissions reductions.
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