Shell (SHEL) is considering selling its chemical assets in Europe and the US, The Wall Street Journal reported Sunday, citing people familiar with the matter.

The British oil and gas company is working with Morgan Stanley to review its chemicals business, the unnamed sources told the news outlet.

Potential buyers could include private-equity firms and Middle Eastern investors looking to expand into the West, according to the report.

Shell did not immediately respond to MT Newswires' request for comment.

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