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Shell back in listings spotlight amid fears of New York switch By Jessica Clark Updated: 21:50, 27 October 2024 e-mail View comments On the move?: Shell faces questions over its future Shell will this week face questions from investors over its future on London's stock market amid fears it could switch its listing to New York. Chief executive Wael Sawan sparked speculation earlier this year when he said the FTSE 100 giant was looking at 'all options' as London was an 'undervalued location'. While no decision is imminent, he will face questions when Shell reports its figures on Thursday.
Shell and BP are valued lower than US competitors ExxonMobil and Chevron, which have doubled down on oil and gas production. Sawan is hoping his strategy, including share buybacks to reward investors, will bridge the valuation gap. A Shell spokesman said: 'A change of listing is something we will always keep under review, but this is not a live discussion.
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