The leadership of the Anglo-Dutch oil and gas company Shell considered the possibility of relocating its headquarters to the United States. Managing Director Wael Savan was worried about the undercapitalization of the company, which in this indicator is much lower than its main American competitors ExxonMobil and Chevron. knowledgeable Financial Times, citing the source.
Despite these plans, the company management decided to move Shell’s headquarters from The Hague in the Netherlands to London, the capital of Great Britain, by the end of 2021. Together with the office, they changed the address of the oil and gas giant’s legal registers and securities. At the same time, the new CEO, who took this job earlier this year, was against the idea of relocating the company’s headquarters to the United States, but still considers it appropriate to increase Shell’s capital level, the article states.
“Shell’s senior management was considering moving the Anglo-Dutch energy group to the United States, in a bid that threatened to deal a devastating blow to the City of London. The executive team where Savan oversaw oil, gas and renewable energy before taking on his highest position this year. ultimately decided that Shell would leave the Netherlands but consolidate its base and be listed on the London stock exchange.
17 February Analysts of the Anglo-Dutch oil and gas company Shell declarationHe said that in the medium term, the global gas market will remain under pressure. With limited deployment of new capacities, China and Europe will compete for affordable liquefied natural gas (LNG) volumes, resulting in increased competition for fuel supply and, consequently, higher raw material prices on leading energy exchanges.