The energy group has been cutting costs and pivoting back to its most profitable sectors – oil, gas and biofuels. Read more at straitstimes.com.

Shell is considering the sale of its chemicals assets in Europe and the US, with Morgan Stanley conducting a strategic review, reported the Wall Street Journal, citing sources with knowledge of the matter.

Shell is exploring a potential sale of its chemicals assets in Europe and the U.S., according to people familiar with the matter, part of a continuing drive to refocus the company’s business on its most profitable operations.