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Shell not looking at New York relisting at the moment, CEO says

Reuters
·1-min read
Staff members work at the booth of Royal Dutch Shell at Gastech, the world's biggest expo for the gas industry, in Chiba

LONDON (Reuters) - Shell is not actively looking at relisting in New York at the moment, and is focused on share repurchases, CEO Wael Sawan said on Thursday.

Sawan said on a call with analysts that the company has a responsibility to look at all opportunities to bridge Shell's valuation gap with its U.S. rivals.

"We will always have something like a listing or other elements under review, but I can tell you that there's not a live discussion at the moment for us," Sawan said.

Shell's shares were trading below "fair market value at the moment", he added.

(Reporting by Ron Bousso; Editing by Jan Harvey)