By Ben Dummett
Shell signaled the possible sale of its least parts of its chemicals business, as it seeks to bolster its share price and close the valuation gap with U.S. rivals such as Exxon and Chevron.
The oil-and-gas major said Tuesday that it will explore strategic and partnership opportunities for its chemicals operations in the U.S. It said it was looking for ways to boost margins and close underperforming facilities in Europe.
That plan confirms an earlier Wall Street Journal report. It was part of a slew of shareholder-friendly measures unveiled before an investor briefing, or capital-markets day, due later Tuesday.
In London, Shell stock recently stood nearly 2% higher.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 25, 2025 05:39 ET (09:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。