{
  "id": 3145753,
  "title": "Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch US$8 billion, FT reports",
  "url": "https://urgent.news/2026/08/25/exxon-lyondell-among-suitors-for-shells-us-chemical-assets-could",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T00:00:27.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/exxon-lyondell-among-suitors-shells-us-chemical-assets-could-fetch-us8-billion-ft-reports"
  },
  "original_language": "en",
  "account": "U.S. energy corporation Shell is attracting interest from multiple suitors for its chemical assets in the United States, potentially worth up to US$8 billion, according to The Financial Times. ExxonMobil, LyondellBasell, private equity firm Apollo Global Management, and Kuwait Petroleum Corporation have all shown interest in the assets, which are situated at four locations in Louisiana, Texas, and Pennsylvania. These facilities produce chemicals utilized in a range of products, including plastics, detergents, and pharmaceuticals. Non-binding offers were submitted by potential buyers in July, covering either the entire business or specific components. The price point offered is significantly lower than the capital Shell has invested in these facilities.",
  "summary": "This comes as the British energy major seeks to divest underperforming chemical plants",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Shell said to draw interest from Exxon, LyondellBasell for its U.S. chemicals assets",
        "url": "https://urgent.news/2026/08/24/shell-said-to-draw-interest-from-exxon-lyondellbasell-for-its-u-s",
        "published": "2026-08-24T08:01:15.000Z"
      }
    ]
  },
  "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."
}