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Shell looking at all options including New York listing, Bloomberg Opinion says

Published 04/08/2024, 10:10 AM
Updated 04/08/2024, 11:46 AM
© Reuters. FILE PHOTO: The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

(Reuters) -Oil major Shell (LON:SHEL) is looking at "all options" including switching its listing to New York from London, according to comments made by the company's CEO in a piece published by Bloomberg Opinion.

"If we work through the sprint, and we are doing what we are doing, and we still don't see that the gap is closing, we have to look at all options," Bloomberg Opinion cited Chief Executive Officer Wael Sawan as saying.

By mid-2025, if the valuation gap remains, then Sawan made clear nothing is taboo, including switching the listing to New York, according to the column.

A spokesperson for Shell said Sawan had made comments along similar lines on several public occasions, adding that the company will "explore other options", if there was a valuation gap beyond 2025.

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