$LYB

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 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.

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.

LYB has installed two pyrolysis reactors at its MoReTec chemical recycling facility in Germany. The reactors convert hard-to-recycle plastics into pyrolysis oil and gas for new polymers, with a plastic-to-plastic yield exceeding 80%. The facility, set to operate in 2026, uses renewable-electric heating to reduce its carbon footprint. LYB aims to provide recycled content for applications like food packaging.

Shell (NYSE:SHEL) may sell its U.S. chemicals business for up to $8B, with ExxonMobil (XOM) and LyondellBasell (LYB) among potential buyers. The sale aligns with CEO Wael Sawan's strategy to focus on higher-return sectors like oil, gas, and LNG. Shell's Q2 2026 net profit was $9.84B, with net debt at $41.8B. The move could reinforce Shell's focus but risks undervaluing long-term chemicals demand.

Shell is exploring the sale of its U.S. chemicals assets, valued at up to $8 billion, with ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum Corporation reportedly interested. The assets include four sites and a major Pennsylvania plant where Shell invested $14 billion. Shell's CEO Wael Sawan aims to divest underperforming assets, and the sale process is ongoing. European chemicals assets may also be sold, though for less.

Shell is attracting interest from ExxonMobil, LyondellBasell, Apollo Global, and Kuwait Petroleum for its US chemicals business, according to the Financial Times. The assets could fetch up to $8 billion, a discount to Shell's investment. Interested parties submitted non-binding offers last month. Shell declined to comment.

Exxon Mobil (XOM) and LyondellBasell (LYB) are among potential bidders for Shell's (SHEL) U.S. chemicals assets, which could fetch up to $8 billion. Apollo and Kuwait Petroleum's chemicals arm have also expressed interest. The assets include four plants with a combined production capacity of 1.6 million tonnes of polymers annually. Shell is also marketing its European chemicals assets, expected to command a lower value.

Bank of America reports that oil prices now explain 35% of daily share-price fluctuations for LyondellBasell (LYB), Dow (DOW), and CF Industries (CF), up from 12% before the conflict in the Strait of Hormuz. The disruption has also affected paint stocks like Sherwin-Williams (SHW), with oil prices now explaining 39% of its daily moves. BofA sees investment opportunities in Axalta (AXTA), Ecolab (ECL), PPG (PPG), and RPM (RPM), citing potential margin improvements.

LyondellBasell (LYB) shares rose 3.6% today, driven by strong Q2 2026 earnings ($4.30 EPS, $2.127B EBITDA) and tight polyethylene markets due to global supply disruptions. The company also declared a $0.69 quarterly dividend, payable August 31. Management highlighted cost reductions and improved margins from asset divestments.