Shell draws interest from bidders including Exxon for $8 billion US chemical assets, FT reports

Shell is drawing interest from potential bidders, including Exxon and LyondellBasell, for its U.S. chemical assets, which could fetch up to $8B, per the FT. If pursued, the sale would likely be viewed positively for Shell’s asset monetization and capital allocation, though details on timing and pricing remain uncertain.

Analysis

Shell is drawing interest from potential bidders, including Exxon and LyondellBasell, for its U.S. chemical assets, which could fetch up to $8B, per the FT. If pursued, the sale would likely be viewed positively for Shell’s asset monetization and capital allocation, though details on timing and pricing remain uncertain.