Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports

Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports — Live Feedhttps://www.live-feeds.com/feed/exxon-lyondell-among-suitors-for-shell-s-us-chemical-assets-could-fetch-8-billion-ft-reportsContinuously updated, source-cited coverage. Exxon and LyondellBasell emerge as suitors for Shell US chemical assetshttps://www.live-feeds.com/feed/exxon-lyondell-among-suitors-for-shell-s-us-chemical-assets-could-fetch-8-billion-ft-reportshttps://www.live-feeds.com/feed/exxon-lyondell-among-suitors-for-shell-s-us-chemical-assets-could-fetch-8-billion-ft-reports#u48977Wed, 26 Aug 2026 08:31:29 +0000Shell is exploring the sale of its US chemicals business, with ExxonMobil and LyondellBasell among the industry players reportedly submitting offers. The assets could fetch $8 billion. This divestment follows a pattern of Shell selling renewables and gas projects to refine its asset mix. The company is prioritizing liquefied natural gas operations and seeking to offload underperforming chemical plants as part of a strategic shift toward a sharper oil and gas focus.Why it mattersThe move reflects a broader industry trend of energy majors streamlining portfolios to maximize returns. By exiting U