0936 GMT - Shell's share price would likely be boosted by the sale of its U.S. and European chemicals assets, Barclays analysts write in a research note. The British energy major is considering the sale as part of a strategy to refocus on its most profitable operations, according to The Wall Street Journal. Shell's U.S. and European plants account for 60% of its total chemicals capacity and Barclays value the entire division at around $4 billion, they write. The analysts did not have the earnings breakdown by region and did not provide a sale price for the U.S. and European assets. Shell is expected to announce more information at its March 25 Capital Markets Day, they write. Shares trade up 0.8% at 2,657.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 04:36 ET (09:36 GMT)
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