(Bloomberg) — Shell PLC is exploring a potential sale of its chemicals assets in the US and Europe as part of a strategy to refocus the petroleum products giant on its most profitable operations, the Wall Street Journal reported.
Most Read from Bloomberg
-
Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty
-
NYC Office Buildings See Resurgence as Investors Pile Into Bonds
-
Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park
-
NJ Transit to Deploy Customer-Service Teams After Record Delays
Shell is working with Morgan Stanley to review the chemicals operations and negotiations are in early stages, the Journal said, citing people with knowledge of the matter.
The Deer Park facility in Texas located next to a refinery that Shell previously sold its stake in is among assets included in the review, the newspaper said Sunday.
Bidders may range from private-equity firms to Middle Eastern buyers, the newspaper said.
Most Read from Bloomberg Businessweek
-
Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost?
-
Walmart Wants to Be Something for Everyone in a Divided America
-
Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience
-
OXO Fought Back Against the Black Spatula Panic. People Defected Anyway
©2025 Bloomberg L.P.