Shell officially changes name by ditching “Royal Dutch”

• Stock exchanges in London and Amsterdam will follow the change from January 25

• The oil giant has been planning to scrap its dual share structure

Shell on Friday officially changed its name, ditching “Royal Dutch” which has been the oil giant’s identity since 1907.

"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.

Stock exchanges in London and Amsterdam will follow the change from January 25, while the New Stock Exchange will follow on January 31.

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The oil giant has been planning to scrap its dual share structure and move its head office from Netherlands to Britain.

Shell said the A shares and B shares will remain unchanged currently and will also not affect share ownership.

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In November, Shell announced that it would move its headquarters to London due to Dutch taxes and facing heat in courts as it shifts from oil and gas.

The oil giant has been struggling with Dutch authorities over the 15% dividend withholding tax on some of its shares.

Shell had introduced two-class share structure in 2005.

Picture Credit: Reuters