Shell seeks name change with new address

The British-Dutch oil and gas supermajor is ready to drop 'Royal' and 'Dutch' from its name, unify its stock line and move headquarters to London.

Photo: Annika Byrde

Royal Dutch Shell is seeking shareholder approval for establishing a single equity line rather than the current two – and to drop both 'Royal' and 'Dutch' from the company name, the oil outfit informs in a statement Monday morning.

"Carrying the Royal designation has been a source of immense pride and honor for Shell for more than 130 years. However, the company anticipates it will no longer meet the conditions for using the designation following the proposed change. Therefore, subject to shareholder approval of the resolution, the Board expects to change the company's name from Royal Dutch Shell plc to Shell plc," the company writes in the media release.

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