Shell reportedly mulling sale of Europe, US chemicals assets
By Frank Prenesti
Date: Monday 03 Mar 2025
(Sharecast News) - Energy giant Shell is reportedly mulling a sale of its chemicals assets in Europe and the US.
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
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