London Evening Standard
Shell shares rise as FTSE 100 energy giant moves corporate HQ to London
Shift may reduce pressure over The Hague court ruling on emissions targets
By Simon Freeman: 15 November 2021
ROYAL DUTCH Shell will lose its regal title under proposals to tilt the FTSE 100 oil giant’s centre of gravity from the Netherlands to London. CEO Ben van Beurden (right), CFO Jessica Uhl and seven other senior executives will relocate to the capital full-time in what the £130 billion super-major called a “simplification” of its structure.
Its corporate HQ and tax residence will shift to the UK where all board and high-level meetings will be held.
Analysts suggest the move will lead to a one-off demand for exit tax of up to £400 million from Dutch authorities.
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