Shell Explores Sale of Chemicals Assets in U.S. and Europe

Shell SHEL 0.78%increase; green up pointing triangle is exploring a potential sale of its chemicals assets in Europe and the U.S., according to people familiar with the matter, part of a continuing drive to refocus the company’s business on its most profitable operations. 

The details

The oil and natural-gas company is working with bankers at Morgan Stanley on a strategic review of its chemicals operations, the people said. The process is in the early stages and Shell has yet to commit to any final decisions, they added.