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.

Shell PLC is exploring a potential sale of its chemicals assets in the US and Europe as part of a strategy to refocus the petroleum products giant on its most profitable operations, the Wall Street Journal reported.

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.