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TotalEnergies chief says oil major will consider moving main listing to New York
Apr 26, 2024 By Steve Goldstein

The chief executive of French oil giant TotalEnergies said it will consider moving its primary stock market listing to New York, where energy rivals command higher valuations.

"We are facing a situation where European shareholders, either they sell or maintain, and U.S. shareholders are buying," TotalEnergies Chairman and CEO Patrick Pouyanne said in an interview with Bloomberg News. "So what is most convenient for U.S. shareholders? Do they prefer to have the shares being primarily listed in New York or in Europe? I think when you ask the question, you have the answer."

Shell (SHEL) CEO Wael Sawan has made similar remarks about the possibility of moving its primary listing to the U.S.
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https://www.morningstar.com/news/marketwatch/20240426230/totalenergies-chief-says-oil-major-will-consider-moving-main-listing-to-new-york