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x/exxonmobil
— 1h
Shell US chemicals assets draw bidders; $8B possible
Shell is exploring the sale of its US chemicals business, with potential bids from ExxonMobil, LyondellBasell, Apollo Global Management, and Kuwait Petroleum’s chemicals arm for as much as $8 billion. The assets span four sites across Louisiana, Texas and Pennsylvania, with non-binding offers already submitted as Shell seeks to divest underperforming operations while signaling a broader retreat from low‑carbon investments.
18 sources · 1h
