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Shell’s Chemicals Exit Attracts XOM and LYB: Capital Discipline or Missed Opportunity?
Insider Monkey25d agobearish
Shell’s Chemicals Exit Attracts XOM and LYB: Capital Discipline or Missed Opportunity?

Shell plc (NYSE:SHEL) is considering selling its U.S. chemicals business, with potential buyers including ExxonMobil, LyondellBasell, Apollo and the chemicals arm of Kuwait Petroleum Corporation. The assets could fetch as much as $8 billion, although the bids are still non-binding and there is no guarantee a deal will happen. The potential sale would mark a major […]

Exxon and LyondellBasell Eye Shell’s US Chemicals Portfolio – FT
InvestorsHub26d agobearish
Exxon and LyondellBasell Eye Shell’s US Chemicals Portfolio – FT

Exxon Mobil (NYSE:XOM) and LyondellBasell NV (NYSE:LYB) have emerged as possible bidders for Shell’s (LSE:SHEL) US chemicals assets, which could be sold for up to $8 billion as the energy major seeks to reduce its exposure to weaker-performing operations. The Financial Times reported on Monday that the two industry groups are among several parties exploring a potential acquisition of the portfolio.