Shell CEO suggests oil and gas company could quit London Stock Exchange

Shell chief executive Wael Sawan refused to rule out the possibility of the oil and gas company leaving the London Stock Exchange amid concerns it is currently underappreciated by investors.Mr Sawan said he could move the largest FTSE 100 company to New York and that he is considering “all options”.

“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 cited Mr Sawan as saying.By mid-2025, if the valuation gap remains, then Mr Sawan made clear nothing is taboo, including switching the listing to New York.