Shell Exploring Sale of Chemicals Assets in US, Europe, WSJ Says

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.

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 ...