Leaving the London stock market won’t cure Shell’s share price woes

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Shell News

Exxonmobil,Bp,Chevron

The LSE has already lost companies such as CRH, Flutter and Ferguson to the US market in recent times

Shell , the biggest company on the London Stock Exchange, is hinting it may quit the UK for a US listing, but would this really cure its valuation woes?

A Shell departure would be a major blow to the London market, which has already lost companies like CRH, Flutter and Ferguson to the US.McGrath’s difficult communications strategy on State finances Shell is noticeably cheaper than US rivals like Exxon Mobil and Chevron. The company’s market capitalisation would swell over 40 per cent from around £180 billion to £260 billion if valued like Exxon, notes AJ Bell’s Dan Coatsworth.

Source: News Formal (newsformal.com)

Exxonmobil Bp Chevron London-Stock-Exchange

 

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