Royal Dutch Shell officially changed its name to Shell plc Friday after the Board decided to make the change on 20 December.

Shell proposed a simplification process in November, which would drop Royal Dutch from its name, move the supermajor’s tax residence to the UK from the Netherlands, and abolish its dual share system.

The name stretches back for over 130 years, when a decision was made to merge Shell Transport and Trading Company with Royal Dutch.

While retaining a significant presence in the Netherlands, the company said it would "no longer meet the conditions for using the honorary Royal designation".

The change is expected to be reflected in the London Stock Exchange and Euronext Amsterdam on Tuesday, 25 January, while the New York Stock Exchange will reflect the name change on 31 January.

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