1213 GMT - Shell isn't expected to make major strategic changes at its capital markets day but if it were to announce a 'wild card' decision, the selling of its chemicals portfolio is the most likely option, RBC Capital Markets analysts write. The Wall Street Journal reported that the oil-and-gas company is exploring a sale of its chemicals assets in Europe and the U.S. While the chemicals market is challenging, recent deals show there is appetite among buyers, the analysts write. Selling the chemicals business could deliver material proceeds and simplify Shell's portfolio, they say. Given the strength of its balance sheet, it is expected all proceeds would be returned to shareholders, the analysts add. Shares trade up 0.6% at 2,693.00 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 08:13 ET (12:13 GMT)
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