Shell moving out of downtown complex but to remain in Houston
An old Shell logo is seen on a vintage fuel wagon at a museum railway station in the town of Naumburg in northern Hesse March 17, 2012. REUTERS/Arnd Wiegmann
HOUSTON (Reuters) - Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, plans to move most of the operations at its company's downtown headquarters to new offices on the city's west side, Shell announced to employees on Tuesday.
Only Shell Oil's U.S. trading floor with remain in Shell Plaza after the first quarter of 2017, the company said in a statement.
Shell follows ExxonMobil Corp, which relocated 10,000 employees from offices across Houston, including downtown, to a custom-built complex 25 miles (40 km) north of the city in 2015.
(Reporting by Erwin Seba; Editing by Alan Crosby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Weyerhaeuser beats quarterly profit estimates on high real estate demand
- Colombia's Chiribiquete park to receive $1 million annually for at least 30 years
- Spanish retail giant Inditex opens Zara franchise in Caracas
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!