Shell Mulls Sale of European, US Chemicals Assets, WSJ Reports
Shell is considering a potential sale of its chemicals assets in Europe and the United States, as it aims to simplify its operations and focus on its core businesses. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, which are expected to be significantly impacted by lower seasonal demand. Shell's trading in its chemicals and oil products division is expected to decline quarter-on-quarter due to reduced seasonal demand.
- This potential sale could signal a broader trend in the energy sector towards asset rationalization and consolidation, as companies seek to optimize their portfolios and adapt to changing market conditions.
- What implications would a sale of Shell's European and US chemicals assets have for the global supply chain, particularly in industries heavily reliant on these assets?