Shell reportedly mulling sale of Europe, US chemicals assets.


Energy giant Shell is reportedly mulling a sale of its chemicals assets in Europe and the US.

  • Shell
  • 03 March 2025 08:13:14

Source: Sharecast

The company has hired Morgan Stanley to conduct a strategic review of its chemicals operations, according to the Wall Street Journal, which cited unnamed sources familiar with the matter.

Among the assets included in the review is Shell’s Deer Park facility in Texas, the WSJ report stated. The site produces a range of chemicals such as light and heavy olefins, which can be used to make pharmaceuticals, detergents, adhesives and wire coating.

Since chief executive Wael Sawan took over at the start of 2023, the company has worked to focus more on its most profitable operations, rolling back some of its green-energy targets and pledging to extract more oil and gas.

Reporting by Frank Prenesti for Sharecast.com


Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 116.62 ( 1.37 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.