Business

Shell To Move Headquarters Out Of Downtown Houston Skyscraper That Bears Its Name

Shell Oil will be relocating to its facilities in the Energy Corridor.

Photo of One Shell Plaza
The 50-story One Shell Plaza opened in 1971 after Shell Oil announced it would move its headquarters to Houston.

Shell says it will move most of its downtown staff to the Woodcreek Complex on Interstate-10 and North Dairy Ashford and to the Shell Technology Center on State Highway 6.

Shell didn't agree to an interview, but in a statement the company said it's trying to "meet the ever changing market conditions and optimize resources for future opportunities."

The move is planned for the first quarter of 2017 and will affect about 3,400 employees, according to a spokesperson.

Bob Eury, president of Central Houston and executive director of the Downtown District, said the announcement came as a shock, but he doesn't see it as a sign that companies want to leave downtown and more part of a trend of consolidation among oil and gas companies.

"In some ways it really is a pattern that we're seeing at this point," Eury said. "Certainly, Exxon did it in consolidating many locations, Shell is obviously consolidating, Chevron is doing likewise, of course into downtown."

The 50-story One Shell Plaza opened in 1971 when Shell moved its headquarters from New York to Houston. Many other oil companies soon followed and triggered a construction boom downtown.

Shell shares most of the space with law firm Baker Botts. There's no word yet on a new tenant.

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Florian Martin

Florian Martin

Business Reporter

Florian Martin is currently the News 88.7 business reporter. Florian’s stories can frequently be heard on other public radio stations throughout Texas and on NPR nationwide. Some of them have earned him awards from Texas AP Broadcasters, the Houston Press Club, National Association of Real Estate Editors, and Public Radio...

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