Shell Could Get $8 Billion for U.S. Chemicals Assets as It Draws Interested Parties, FT Says, Citing Sources

Shell is considering selling its U.S. chemicals assets for approximately $8 billion, with potential buyers including Exxon, LyondellBasell, Apollo, and Kuwait Petroleum Corporation's chemicals division. The Financial Times reports that Shell has received expressions of interest from these parties. The assets may be sold together or separately. Representatives from the involved companies declined to comment on the report.

--Shell has received expressions of interest for its U.S. chemicals assets from Exxon, LyondellBasell, Apollo and the chemicals division of the Kuwait Petroleum Corporation, the Financial Times reports, citing unnamed sources.

--The British energy major could get $8 billion for the assets, which could be sold together or separately, the FT says.

--Representatives for Shell, Exxon and Apollo declined to comment to the FT. Lyondell and the Kuwait Petroleum Corporation did not respond to requests for comment, the FT says

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

August 24, 2026 02:59 ET (06:59 GMT)

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