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2026-08-24T08:34:38.281Z

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Exxon Bids for Shell Chemicals Division

Exxon Bids for Shell Chemicals Division

Shell is seeking to sell its chemicals assets in the United States and is attracting interest from several major companies such as ExxonMobil, LyondellBasell, and Apollo Global, with a potential valuation of up to $8 billion. The company aims to divest assets that are underperforming. The portfolio includes key facilities in Louisiana, Texas, and Pennsylvania, with an production capacity of up to 1.6 million tons of polymers annually. Shell's profits in the first quarter are estimated to have exceeded expectations.

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