Mar 3, 06:30 AM

Shell Explores Sale of Chemicals Assets in U.S. and Europe, Including Deer Park Facility, with Morgan Stanley

Shell is exploring the potential sale of its chemicals assets in Europe and the United States as part of a strategic shift to focus on its most profitable operations. The company has enlisted Morgan Stanley to conduct a business review that may lead to this divestiture. Reports indicate that Shell's decision aligns with broader trends in the energy sector, where companies are increasingly prioritizing core operations over less profitable segments. The Deer Park facility in Texas and other plants in Pennsylvania are among the assets under consideration for sale. This move follows similar strategic adjustments by other major players in the oil and gas industry, including BP, which is also refocusing on its core fossil fuel business.

#Shell #Europe #United States #Morgan Stanley #Deer Park #Texas #Pennsylvania #BP

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