Energy · 36 views
Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business
Exxon is in the running for Shell’s U.S. chemicals business that could fetch $8 billion, the Financial Times reported today, citing unnamed sources familiar with developments.
AI Summary
Exxon is reportedly considering a bid for Shell’s U.S. chemicals business, which could be valued at about $8 billion. The potential sale has attracted interest from several competitors, including LyondellBasell, Apollo Global Management, and the Kuwait Petroleum Corporation. The information comes from unnamed sources familiar with the developments, as reported by the Financial Times. No further details on the bid terms or timeline have been disclosed.
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