Energy major Shell sheds ‘Royal Dutch’ from name amid major overhaul plans
Energy giant Shell has dropped from its name the ‘Royal Dutch’ part, which it had carried for 130 years, following plans of a major overhaul announced recently.
It is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change in name on January 25. New York Stock Exchange will show the changed name on January 31.
According to a statement on Friday, the board’s decision to change its name to Shell plc on December 20, 2021, has now taken effect.
The energy major’s overhaul involves integrating its dual-share structure into a single line of shares and relocating its headquarters to London.
