Shell (SHEL LN) CEO says we do not want to sell chemicals assets at the bottom-of-cycle conditions
Shell's CEO indicating the intention not to divest chemical assets during low-cycle conditions reflects a strategic decision to maintain value rather than capitulate in a tough market.
Global Supply Chain Pressure Index (Jan) 0.41 (Prev. 0.54, Rev. From 0.51)
US JOLTs Job Openings (Dec) 6.542M vs. Exp. 7.2M (Prev. 6.928M, Rev. From 7.146M)
Shell (SHEL LN) CEO says we do not want to sell chemicals assets at the bottom-of-cycle conditions
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This stance could signal confidence in recovery prospects or a desire to reposition the business for future growth rather than taking a short-term loss. Traders should watch for potential implications on the company's overall investment strategy and any subsequent reactions in the stock price or sector performance.
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