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Shell eyes moving headquarters

Jul. 04, 2020 9:24 AM ETShell plc (SHEL) StockSHELBy: Clark Schultz, SA News Editor180 Comments
  • Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden hinted to a Dutch newspaper that the company is considering moving its headquarters to Great Britain from the Netherlands.
  • A Shell spokesman later confirmed the CEO's comments to Reuters, indicating the company was looking at ways to simplify its dual structure.
  • Shell has also been lobbying against the dividend withholding tax in the Netherlands, which it says makes financing dividends, buybacks and acquisitions more difficult.
  • Shares of Royal Dutch Shell are off about 44% YTD.

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