Shell Mulls Sale of European, US Chemicals Assets, WSJ Reports
The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said. Shell declined to comment. Morgan Stanley did not immediately respond to a request for comment outside regular business hours. The review is in its early stages and Shell has not yet made any definitive decisions regarding a potential sale, the Journal reported, adding that one of the assets included in the review was Shell's Deer Park facility in Texas. Last year Shell sold its refining and chemicals hub in Singapore, one of the world's largest.
- This strategic review is part of Shell's broader efforts to adapt to changing market conditions and investor expectations, potentially signaling a shift away from traditional refining and chemical operations.
- What might be the implications for smaller players in the chemicals industry if Shell were to sell off significant assets, particularly if similar deals become more common in the coming years?