Shell back in listings spotlight amid fears of New York switch

On the move?: Shell faces questions over its future

Shell will this week face questions from investors over its future on London’s stock market amid fears it could switch its listing to New York.

Chief executive Wael Sawan sparked speculation earlier this year when he said the FTSE 100 giant was looking at ‘all options’ as London was an ‘undervalued location’. 

While no decision is imminent, he will face questions when Shell reports its figures on Thursday. 

Shell and BP are valued lower than US competitors ExxonMobil and Chevron, which have doubled down on oil and gas production.

Sawan is hoping his strategy, including share buybacks to reward investors, will bridge the valuation gap.

A Shell spokesman said: ‘A change of listing is something we will always keep under review, but this is not a live discussion.’

Analysts at Jefferies expect Shell to post a 14 per cent decline in net income for the third quarter, versus the same period last year, coming in at £4.1billion.

Meanwhile, BP is expected to report a 30 per cent drop in net income to £1.7billion.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you



***
Read more at DailyMail.co.uk