Reported about 19 hours ago
Shell is exploring the sale of its chemical operations in the US and Europe, including its Deer Park facility in Texas, as part of a strategic review led by Morgan Stanley. This initiative aligns with CEO Wael Sawan's strategy to focus on high-margin sectors, steering away from renewable energy. The potential divestment reflects a broader trend of selling non-core assets, especially as Shell aims to enhance profitability in its oil and gas divisions amidst warning signs of reduced trading in chemicals.
Source: YAHOO