Shell (SHEL) is exploring a potential sale of its chemicals assets in Europe and the U.S., Ben Dummett, Lauren Thomas, and Collin Eaton of The Wall Street Journal reports, citing people familiar with the matter. The company intends to do so as part of its continuing drive to refocus the company’s business on its most profitable operations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- BP Vows to ‘Drill, Baby, Drill’ as Oil Major Slashes Renewables to Boost Fossil Fuel Output
- Shell PLC put volume heavy and directionally bearish
- ConocoPhillips (COP) Sells Gulf Assets to Shell For $735 Million
- Shell to grow working interest in the Ursa platform
- ConocoPhillips agrees to sell interest in Ursa, Europa Fields for $735M