Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.

Shell (SHEL) stock rose over 1% in London after The Wall Street Journal reported the energy company is exploring a potential sale of its chemicals assets in Europe and the U.S. Dig deeper:

Shell is considering a possible sale of its chemicals assets in the U.S. and Europe, The Wall Street Journal reported Sunday, citing people familiar with the matter. The Journal reported the effort is part of an ongoing push to refocus the business on its most profitable segments,