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Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

Bloomberg

Shell Officially Drops ‘Royal Dutch’ From Name After Relocation

By Laura Hurst: 21 January 2022, 17:28 GMT

Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December.

The energy giant officially changed its name on Friday, according to a statement, following earlier approvals from its shareholders and board of directors.

Shell’s overhaul involves integrating its dual-share structure into a single line of shares and relocating its headquarters to London. The changes will only involve about a dozen executives – including Chief Executive Officer Ben van Beurden and Chief Financial Officer Jessica Uhl — moving to the U.K. capital. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch no more — Shell officially changes name

CNBC

Royal Dutch no more — Shell officially changes name

PUBLISHED FRI, JAN 21 20223:00 PM EST KEY POINTS
  • The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31.
  • The change will not affect share ownership.
  • The shares will follow a single line of ordinary shares on Jan. 29.

Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain.

“Shell announced the Board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect,” Shell said in a filing.

The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell plc changes its name to Shell plc

Royal Dutch Shell plc changes its name to Shell plc

LONDON, January 21, 2022

Shell plc (Shell) today confirmed its name has changed from Royal Dutch Shell plc to Shell plc.

Shell announced the Board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect.

Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange have been informed of this name change and it is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change of name on Tuesday January 25, 2022, while the New York Stock Exchange will follow on Monday January 31, 2022. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell CEO Ben Van Beurden: Carbon emissions court ruling was ‘body blow’

London Evening Standard

Shell CEO Ben Van Beurden: Carbon emissions court ruling was ‘body blow’

By Simon Freeman: 20 Jan 2022
ROYAL DUTCH SHELL’s CEO Ben van Beurden today described a court ruling from The Hague ordering faster, deeper cuts to the company’s carbon emissions as a “body blow”.

In comments likely to provoke controversy among green activists, he said: “I was listening at home as the judge gave her verdict. It felt like a body blow.

“I found it deeply troubling that Shell as a single business should be held accountable for how the world produces and uses energy.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Pursues $7 Billion Buyback ‘At Pace’ Despite LNG Troubles

Reuters

Shell Pursues $7 Billion Buyback ‘At Pace’ Despite LNG Troubles

“Shell will later this month move its head office from The Hague to London, scrap its dual share structure and change its name to Shell Plc as part of a plan to simplify its structure and shift its tax residence from the Netherlands.”: “Shell said that its production and liquefaction volumes were impacted in the fourth quarter by unplanned maintenance, mainly in Australia, where its giant Prelude floating LNG vessel was hit by a power outage.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Break up big oil, says former BP boss Lord Browne

THE TIMES

Break up big oil, says former BP boss Lord Browne

Emily Gosden, Energy Editor:

Oil majors should break themselves up into separate fossil fuel and low-carbon businesses to accelerate investment in the energy transition, the former boss of BP has said.

The comments by Lord Browne of Madingley will fuel debate over the strategies of Britain’s oil giants with Shell already facing calls from Third Point, the US activist investor, to break itself up.

Both Shell and BP have thus far argued that they are better off remaining as single companies so they can use the proceeds of their oil businesses to fund green investments. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Want To Stop Climate Change? Buy Big Oil Stock

Forbes:

Want To Stop Climate Change?

Buy Big Oil Stock

Jeroen Kraaijenbrink: Contributor: Leadership Strategy: 3 JAN 2022

EXTRACTS

In an age in which stock trading is no longer reserved to Wall-Street and a climate crisis is becoming a reality, sustainability-driven shareholder activism was bound to happen. And we see it happening, with increasing impact—especially in Big Oil, responsible for the largest share of the world’s greenhouse gas emissions.

“Thanks to the votes of institutional investors for the Follow This climate resolutions, Shell, Equinor, BP, Phillips 66, and Chevron have reluctantly set climate ambitions covering Scope 3 already.” And, as Follow This announced in their recent investor briefing, they will file no less than eight climate resolutions in 2022, at Shell, BP, Chevron, ConocoPhillips, Phillips 66, Occidental Petroleum, ExxonMobil, and Marathon Petroleum. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Anti-fossil sentiment in the Netherlands

fd

Anti-fossil sentiment in the Netherlands

Earlier this year, oil and gas multinational Shell announced to move its headquarters from The Hague to London…

Bert van Dijk 28 Dec 18:17

The Dutch offshore sector is very concerned about the business climate in the Netherlands. 

The increasing anti-fossil sentiment is a thorn in the side of the sector. 

Anti-fossil sentiment

Earlier this year, oil and gas multinational Shell announced to move its headquarters from The Hague to London . The move may have been prompted by the desire to simplify the share structure, but many see that anti-fossil sentiment also plays an important role in that move. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell’s arch critic John Donovan has secured the website domain name for Shell Plc

Shell’s arch critic John Donovan has secured the website domain name for Shell PLC

The shellplc.website will become operational in January to coincide with the implementation of the new name for Royal Dutch Shell Plc: Shell PLC. 

Shell has dropped the Dutch Royal Family link and ditched the Dutch part of the former Anglo-Dutch multinational company, which will now be solely a British company with its HQ solely in London, paying UK taxes. 

The Royal Dutch Shell Group self-evidently was not well disposed to the taxes imposed by the Dutch left-wing government or its support for climate change policies and parties suing Shell.  read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell sets out expected timetable of Simplification

GlobeNewswire

Shell sets out expected timetable of Simplification

THE HAGUE, December 20, 2021 – The Board of Royal Dutch Shell plc (Shell) has today decided to proceed with its proposal to simplify the company’s share structure and align its tax residence with its country of incorporation in the UK.

As a result, the Board has also decided to change the company’s name to Shell plc which will be implemented in January 2022, with a further announcement to be made at the time. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Was Shell’s response to Cambo reasonable?

Was Shell’s response to Cambo reasonable?

SOME THOUGHTS FROM A LONG-TERM CONTRIBUTOR TO THIS WEBSITE, A RETIRED SENIOR SHELL OFFICIAL, BILL CAMPBELL

Given that US and China dominate the world’s CO2 emissions you have to ask the question was the Shell response to Cambo reasonable?

UK with its total CO2 emissions just under 3% of the World with the oil and gas sector in the UK contributing circa 25% of UK emissions, but with transport and electricity generation accounting for just over 52%, it makes you wonder since the UK may have to import more oil in the near to medium future (increasing transport emissions) in so doing.  read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Brexit Britain win confirmed as Shell overwhelmingly backs UK move – Dutch snubbed

Express

Brexit Britain win confirmed as Shell overwhelmingly backs UK move – Dutch snubbed

SHAREHOLDERS in oil giant Shell have given their backing to proposals to move the Anglo-Dutch company’s headquarters to London from the Netherlands.

By TOM HILL: 14:11, Fri, Dec 10, 2021 | UPDATED: 14:11, Fri, Dec 10

According to preliminary polling 99.77 percent of shareholders so far had backed the move with just under 58 percent of votes cast. Final results are expected later in the day although it is thought the result is unlikely to change.

The company follows another Anglo-Dutch firm, Unilever, which also decided to move its headquarters to London from the Netherlands. Shareholders were asked to vote on a range of new proposals aimed at simplifying the company’s structure which will also see it drop ‘Royal Dutch’ from its official name. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell shareholders vote to delist from Netherlands

yahoo!finance

Shell shareholders vote to delist from Netherlands

: Fri, December 10, 2021, 3:20 PM Shareholders in oil giant Shell (RDSB.L) have overwhelmingly voted to switch its headquarters from the Netherlands to the UK, ending the company’s dual share structure, and drop “Royal Dutch” from the name.

The move, planned for early 2022, “will enable a simplification of the company’s share structure and an increase in the speed and flexibility of capital and portfolio actions”, said Shell’s chair Sir Andrew Mackenzie said.

He said the board believes “the simplification will strengthen Shell’s competitiveness and accelerate both shareholder distributions and delivery of its strategy to become a net-zero emissions energy business by 2050”. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Can we still be friends? Shell sends Dutch PM parting note

Can we still be friends? Shell sends Dutch PM parting note

Fargo, ND, USA / The Mighty 790 KFGO | KFGO Thomson Reuters: Dec 10, 2021 | 11:23 AM By Toby Sterling

AMSTERDAM (Reuters) – On the day that shareholders of Royal Dutch Shell PLC voted to move the company’s headquarters to London from The Hague, the company sent a letter to the Dutch prime minister to soften the blow.

Signed by Shell CEO Ben van Beurden, the letter said Shell’s departure had been “a difficult message for us to announce,” given the company had more than a century of history.

But the letter to Prime Minister Mark Rutte outlined the many projects and activities Shell will continue in the Netherlands, including retaining 8,500 employees, and the division-level management of Shell’s upstream (production), renewable energy and projects & technology divisions. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shareholders of oil giant Shell vote in favor of London move

CNBC

Shareholders of oil giant Shell vote in favor of London move

Sam Meredith: FRI, DEC 10 20217:07 AM EST

KEY POINTS

  • The Anglo-Dutch company has said the simplification of its dual tax structure is designed to strengthen its competitiveness, accelerate its energy transition plans and help to make distributing profits to shareholders more straightforward.
  • A final tally of results showed 99.8% of shareholders backed the special resolution, according to Reuters.
  • Critics of the move argue Shell’s proposed relocation is partly motivated by a landmark courtroom defeat earlier this year, a decision the company is appealing.

LONDON — Shareholders of oil giant Royal Dutch Shell on Friday voted to approve plans for the company to overhaul its legal and tax structure and move its headquarters to the U.K. from the Netherlands.

The Anglo-Dutch company has said the simplification of its dual tax structure is designed to strengthen its competitiveness, accelerate its energy transition plans and help to make distributing profits to shareholders more straightforward.

A final tally of results showed 99.8% of shareholders backed the special resolution, according to Reuters. The motion had required the approval of at least 75% of the votes cast to pass.

The proposal will likely see the company drop the “Royal Dutch” from its name to become “Shell PLC.” A move to London from The Hague is expected sometime early next year.

Critics of the move argue Shell’s proposed relocation is partly motivated by a landmark courtroom defeat earlier this year, a decision the company is appealing. A Dutch court ruled in May that Shell must reduce its global carbon emissions by 45% by the end of 2030, compared with 2019 levels.

The verdict marked the first time in history that a company had been legally obliged to align its policies with the Paris Agreement and reflected a watershed moment in the climate battle. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell shareholders back plan to shift to London

REUTERS

Royal Dutch Shell shareholders back plan to shift to London

By Toby Sterling and Ron Bousso: December 10, 2021: 11:34 AM GMT

  • British tax base seen making buybacks, dividends easier

  • Dutch withholding tax a factor in Shell’s decision

  • Shell says move will not affect its environmental policy

ROTTERDAM/LONDON, Dec 10 (Reuters) – Royal Dutch Shell PLC (RDSa.L) shareholders voted overwhelmingly on Friday in favour of a plan to end the company’s dual share structure and move its headquarters to London from The Hague.

With roughly 58% of outstanding shares cast, a preliminary tally showed 99% of shareholders supported a special resolution enabling the corporate structure change. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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