Shell changes name, ditching Royal Dutch used since 1907

Shell LNG

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.

The change will not affect share ownership and the A shares and B shares will remain unchanged for the time being, Shell said.

Shell announced in November it would scrap its dual share structure and move its head office to London from The Hague, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.

Shell has been in a tussle with the Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, making them less attractive for international investors. Shell introduced the two-class share structure in 2005 after a previous corporate overhaul, Reuters reported.