Bengaluru, India, 25 August 2026 – Reported interest in Shell’s United States chemicals assets is testing whether strategic and financial buyers see value in a cyclical business that has underperformed despite heavy capital investment. Potential bidders include ExxonMobil, LyondellBasell, Apollo Global Management and the chemicals division of Kuwait Petroleum Corporation, with the portfolio potentially valued at up to US$8 billion.
The assets comprise plants at four sites in Louisiana, Texas and Pennsylvania. They produce chemicals used in plastics, detergents and pharmaceuticals, placing the business across multiple industrial and consumer supply chains. Non-binding offers were reportedly submitted in July, covering possibilities ranging from acquisition of the entire portfolio to purchases of individual parts.
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