Shell officially changes its name from Royal Dutch.

• On Jan. 25, the London and Amsterdam stock exchanges will reflect the name change, while the New York Stock Exchange will follow on Jan. 31.
• The change will not affect share ownership.
• The shares will follow a single line of ordinary shares on Jan. 29.

On Friday, it officially changed its name, abandoning "Royal Dutch" which has been part of its identity since 1907, in accordance with plans to eliminate its dual share structure and relocate its headquarters from the Netherlands to Britain.

Shell plc is the new name of the company, as announced by the Board on December 20, 2021. This change has now been implemented, as stated in a filing by the company.

On Jan. 25, the London and Amsterdam stock exchanges will reflect the name change, while the New York Stock Exchange will follow on Jan. 31.

Shell stated that the change will not affect share ownership and the A shares and B shares will remain unchanged for the time being.

On Jan. 29, the shares will be consolidated into a single line of ordinary shares.

In November, Shell announced that it would scrap its dual share structure and relocate its headquarters from The Hague to London, citing high Dutch taxes and facing legal pressure over climate change as it transitions from oil and gas.

Since 2005, Shell has had a contentious relationship with Dutch authorities regarding the 15% dividend withholding tax on certain shares, which has made them less appealing to international investors. The company implemented a two-class share structure following a corporate restructuring.

Shell held its first board meeting in London on Dec. 31.