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● TRACKER Updated 21d ago · 11 sources tracked

Shell draws Exxon interest in $8bn US chemical assets sale

ExxonMobil and LyondellBasell are among the suitors interested in acquiring Shell's US chemical assets, which could fetch $8 billion. The sale signals Shell's sharper focus on its oil and gas business. ExxonMobil's potential acquisition could expand its chemical footprint in the US.

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  • ✓ ExxonMobil and LyondellBasell are among suitors for Shell's US chemical assets
  • ✓ The US chemical assets could fetch $8 billion
  • ✓ Shell is looking to shrink its US chemicals footprint
🛡️ Source Corroboration: 11 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

ExxonMobil's interest in Shell's US chemical assets has been confirmed by multiple sources, adding credibility to the potential $8 billion deal.

Live updates

  1. ExxonMobil eyes Shell's $8 billion US chemical assets

    ExxonMobil and LyondellBasell are among the suitors interested in acquiring Shell's US chemical assets, which could fetch $8 billion. The sale signals Shell's sharper focus on its oil and gas business. ExxonMobil's potential acquisition could expand its chemical footprint in the US.

    Why it matters

    Shell is looking to shrink its US chemicals footprint, and several companies are vying for the assets. This sale is part of Shell's strategy to concentrate on its core oil and gas operations. The deal could have significant implications for the chemical industry, potentially altering the market dynamics.

    What is confirmed

    • ExxonMobil and LyondellBasell are among suitors for Shell's US chemical assets
    • The US chemical assets could fetch $8 billion
    • Shell is looking to shrink its US chemicals footprint

    Still unconfirmed

    • ExxonMobil's potential acquisition could expand its chemical footprint in the US

    What to watch next

    • ExxonMobil's official bid for Shell's US chemical assets
    • Other potential suitors emerging for the assets
    • Shell's announcement on the sale process and timeline
    Sources used for this update (11)
    1. Reuters — Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports
    2. Financial Times — Shell draws Exxon interest in $8bn US chemical assets sale
    3. Yahoo Finance — ExxonMobil Is Eyeing a Potential $8 Billion Bet on Shell's U.S. Chemical Plants. Here's What It Means for XOM Stock.
    4. Bloomberg.com — Exxon Among Suitors for Shell US Chemicals Unit, Report Says
    5. Crude Oil Prices Today | OilPrice.com — Exxon Eyes Shell's $8 Billion U.S. Chemicals Business
    6. Energy Intelligence — Shell Moves to Shrink US Chemicals Footprint
    7. www.hydrocarbonprocessing.com — ExxonMobil, LyondellBasell among suitors for Shell's U.S. chemical assets, could fetch $8 B
    8. finance.yahoo.com — Shell's $8B Chemicals Exit Signals a Sharper Oil and Gas Focus
    9. cen.acs.org — Business Watch: DOE gives out money for batteries; Genentech licenses a GLP-1 alternative
    10. markets.ft.com — Iron Ore 62% Fe, CFR China (TSI) Swap Futures c1
    11. www.finanznachrichten.de — EXXONMOBIL HOLDINGS CORPORATION CDR
    confidence 85%
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