Here’s the latest on Shell plc’s plan to move its listing to New York — with an investigative, critical lens.
By John Donovan (with AI collaboration)
21 October 2025
When a corporate behemoth begins to flirt with another stock exchange, the romance is rarely innocent. Shell plc — once Royal Dutch Shell plc, before dropping the “Dutch” as neatly as a discarded partner — is now openly courting Wall Street.
The CEO, Wael Sawan, has been muttering about “value gaps” and “unlocking potential,” code for what London traders hear as: we’re tired of being undervalued in a city that drinks warm beer instead of crude profits.


“A persistent reputational risk.” — Shell internal memo, 2007


































