FT: Shell could have moved its headquarters to the US
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Shell management considered in 2021 the possibility of moving the company’s headquarters to the United States, reports Financial Times. One of those who supported the idea was the current CEO of the energy company, Wael Sawan, according to the newspaper’s sources. Shell itself, however, did not confirm this information.
“During the formal discussion of the relocation of headquarters, Wael did not advocate a move to the US,” the company said.
In 2021, the management of Shell (then British-Dutch Royal Dutch Shell) decided on a large-scale reorganization companies. As a result of the reform, she got rid of the dual share capital structure, reminiscent of the once-existing union of two independent enterprises within the same holding company, moved the headquarters from the Netherlands to the UK, changed her tax residency to British, and finally changed her name, removing the words Royal from it. Dutch.
Shell is now the largest public company in the UK with a market value of about $212 billion and revenue of $381 billion in 2022.
How the leading oil and gas corporations earned almost $200 billion in 2022 – in the material “Kommersant” “Western oilmen pumped up a record”.
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