Which companies have expressed interest in acquiring Shell's US chemical assets, and what is the estimated maximum transaction value?

According to the news, ExxonMobil and LyondellBasell have expressed interest in acquiring Shell's US chemical assets, along with private equity firm Apollo Global Management and the petrochemical division of Kuwait National Petroleum Company. The potential transaction value for these assets is estimated to be as high as $8 billion.

What is the geographic scope and industrial application of Shell's US chemical assets being sold?

Shell's US chemical assets consist of four production facilities located in Louisiana, Texas, and Pennsylvania, and their products are used in plastics, detergents, and pharmaceuticals.

Shell Disposes of US Chemical Assets Attracting Multiple Bidders

Sep 1, 2026

Shell is divesting underperforming US chemical assets valued at up to $8 billion, attracting bids from ExxonMobil and LyondellBasell. The production sites supply plastics, detergents, and pharmaceuticals as the company refocuses on upstream oil and gas operations.

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