Shell moving out of downtown complex but to remain in Houston
- Wall Street gains, helped by oil, economic data
- Twitter (TWTR) 'Takeover Money' Moves On as 'Trump Money' Moves In
- Buy Any Seasonal Market Weakness Ahead of Year End Rally - Oppenheimer (SPY)
- Unusual 11 Mid-Day Movers 12/5: (NVCN) (BCEI) (MEMP) Higher; (GTXI) (CERC) (HDSN) Lower
- Oil hits 16-month high in buying rush after OPEC agreement
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
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
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
- Israeli legislators advance revised bill to legalize settlements
- Tech investors say UK must clarify Brexit immigration stance
- Greek finmin Tsakalotos warns creditors not to push Athens too far
Create E-mail Alert Related CategoriesReuters
Sign 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!