The ex-CEO of Shell has said that oil companies listed in New York enjoy higher stock valuation than those listed elsewhere.
Oil majors listed in New York enjoy higher stock valuations and have friendlier investors and increased access to capital, Shell ’s former CEO Ben van Beurden said on Tuesday, following media reports that Shell is considering shifting its listing from the London Stock Exchange LSE to the NYSE . Shell is considering shifting its listing from London to New York, the Telegraph reported on Monday, citing the company’s CEO Wael Sawan.
peers listed in New York, such as ExxonMobil and Chevron. Shell’s former boss van Beurden, who left the group at the end of 2022, has also seen the gap and told the FT Commodities Global Summit in Lausanne that “It’s a major issue,” Bloomberg reports. Moreover, investors are more positive toward oil companies in America, van Beurden said. “All these factors conspire against the people listed in Europe,” the former CEO of Shell said, as carried by Bloomberg.
Oil Majors NYSE Shell London United States Van Beurden Capital Investment
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