Shell’s former chief fuels fears oil company could list in New York

6 months ago 45

Ben van Beurden says firm is undervalued in UK and US investors are ‘more positive’ about fossil fuels

Shell’s former chief executive has stoked fears that the oil company will quit the London Stock Exchange in favour of a New York listing because US investors are “more positive” about fossil fuels.

Ben van Beurden used his first public interview since stepping down as Shell’s boss in 2021 to echo concerns that the £180bn company is “massively undervalued” by the UK market compared with its US listed rivals.

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