Shell's share price hit another all-time high as former chief Ben van Beurden highlighted the valuation gap between its London and potential New York listings.
The Shell share price hit another all-time high this week as the company continued its positive run. The firm, already the largest by market capitalisation on the London Stock Exchange, saw its share price jump to a then all-time high of 2,832p on Tuesday morning, after chief Wael Sawan said the company was “undervalued”. The rally has continued today. The Shell share price has hit another all-time high above 2,860p.
Van Beurden was also direct in defending his successor’s decision to dilute Shell’s energy transition targets, including dropping a pledge to reduce net carbon intensity by 45 per cent by 2035. “If you see things that can’t work, you have to adjust your strategies and your targets as well,” he said. “To just waffle and bullshit that this is all happening while it isn’t would not be correct … I completely understand what he did and I would completely support it.
Share Price Record High Oil Gas
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