{
  "id": 2973750,
  "title": "Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business",
  "url": "https://urgent.news/2026/08/24/exxon-eyes-shells-8-billion-u-s-chemicals-business",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T07:15:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Exxon-Eyes-Shells-8-Billion-US-Chemicals-Business.html"
  },
  "original_language": "en",
  "account": "Exxon is reportedly in contention to acquire Shell's U.S. chemicals business, which could be worth $8 billion, according to unnamed sources cited by the Financial Times. The U.S. supermajor is competing against LyondellBasell, Apollo Global Management, and Kuwait Petroleum Corporation for the division. Shell's chemicals business in the United States encompasses four facilities in Louisiana, Texas, and Pennsylvania that produce chemicals for various industries, including plastics and detergents. The potential buyers have submitted non-binding offers to Shell, ranging from acquisitions of specific business parts to offers for the entire division. Recently, Shell completed two asset sales: one to TotalEnergies for its onshore wind and solar power business in Europe, and another to Hungary's MOL for a 35% stake in the Cyprus Offshore Block 12 gas project. Shell plans to adjust its power portfolio to allocate capital where it can yield the strongest long-term value, with asset sales playing a significant role in this strategy.",
  "summary": "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. The U.S. supermajor is competing with LyondellBasell, Apollo Global Management, and the Kuwait Petroleum Corporation, the unnamed sources also told the publication. The potential buyers have submitted non-binding offers to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}