Shell and ExxonMobil explore $8 billion sale of Infineum joint venture
Shell (SHEL) and ExxonMobil (XOM) have launched a sale process for their 50:50 chemicals joint venture Infineum, targeting a valuation of about $8 billion. Bank of America has been hired to run the transaction and the company is reported to generate $700 million‑$800 million of annual EBITDA. The move is presented as part of the oil majors’ strategy to refocus on core upstream operations.
Why it matters
The potential proceeds could be used to strengthen cash generation and support Shell’s dividend, while the divestiture narrows the companies’ exposure to downstream chemicals. Analysts note that the sale may improve capital efficiency for both owners, but the final price and timing remain uncertain.
Key facts
- 1Infineum initiated a sale process valued at approximately $8 billion on 22 October 2026. tipranks.com
- 2Bank of America has been engaged to facilitate the transaction. tipranks.com
- 3Infineum generates annual EBITDA of $700 million‑$800 million. tradingview.com
- 4Shell and ExxonMobil each own 50 % of Infineum. royaldutchshellplc.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.