Exxon, Lyondell Reportedly Among Suitors for Shell's US Chemical Assets

Oil major Shell has drawn interest from potential bidders, including ExxonMobil and LyondellBasell, for its US chemical assets that could fetch up to $8 billion, the Financial Times reported on Monday. Private equity firm Apollo Global Management and the chemicals arm of state-owned Kuwait Petroleum Corporation have also expressed interest in the assets, the report said, ⁠citing people familiar with ⁠the matter, as Shell seeks to divest underperforming underperforming chemical plants.