Posted by John Donovan: 8 April 2024
In a move that screams “Sayonara, London,” Shell is eyeing an escape to New York, leaving the UK stock market reeling and investors scratching their heads.
Wael Sawan, Shell’s big cheese, dropped the bombshell, hinting at the company’s dissatisfaction with its London listing. “I have a location that clearly seems to be undervalued,” he lamented, painting a picture of a company unappreciated and unloved.
But why the sudden urge to swap tea for coffee? Well, it seems Shell is tired of playing second fiddle to its American counterparts. With Exxon Mobil and Chevron strutting their stuff on Wall Street, Shell feels like the neglected stepchild stuck in dreary old London.
Posted by John Donovan: 31 October 2023
By relocating to the US, Shell can conveniently avoid those green activists who dare to question their saintly practices. 
Climate activists across world raise funds for the court case against Shell
Bloomberg
FT
Evening Standard
Bloomberg
CITY
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