LyondellBasell Industries N.V. Cl A stock rises Monday, outperforms market

ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum Corp. are reportedly bidding for Shell's chemical assets, valued up to $8 billion. Shell is evaluating offers, though discussions are preliminary. Separately, local projects in Warren, Ohio, include an $11.5 million museum and a $2.4 million pedestrian bridge.

Shell is considering the sale of its US chemical assets, potentially worth up to $8 billion. ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum have shown interest. The assets include four facilities producing chemicals for various industries. Shell aims to focus on upstream oil and gas production.

Shell is receiving bids for its US petrochemical business, potentially worth $8 billion, from rivals like LyondellBasell and ExxonMobil, as well as private equity firms. The sale may include Shell's ethylene and polyethylene complex in Pennsylvania and other sites. LyondellBasell has a history of acquiring new plants at lower prices, while ExxonMobil is already in related businesses. Kuwait Petroleum may be interested in Shell's ethylene oxide derivatives.

Exxon Mobil (XOM) and LyondellBasell (LYB) are among potential bidders for Shell's (SHEL) US chemicals assets, valued at up to $8B. Other interested parties include Apollo and Kuwait Petroleum Corporation. The portfolio includes four facilities, with Shell seeking to divest weaker-performing operations. Shell is also reviewing European chemicals assets for potential sales.

ExxonMobil and LyondellBasell are among bidders for Shell's U.S. chemical assets, which could be sold for $8 billion. The assets include plants in Louisiana, Texas, and Pennsylvania. Bids were submitted last month, ranging from full to partial acquisitions, according to the Financial Times.

Shell (SHEL) has attracted interest from ExxonMobil (XOM) and LyondellBasell (LYB) for its U.S. chemicals assets, including a $14B Pennsylvania complex. Shell aims to refocus on core operations. Shares of all three companies traded lower. No formal sale process confirmed.