ExxonMobil, LyondellBasell, and Apollo Among Bidders for Shell's $8 Billion U.S. Chemicals Unit

ExxonMobil has submitted a non-binding offer for Shell's U.S. chemicals division, joining a competitive field including LyondellBasell, Apollo Global Management, and Kuwait Petroleum Corporation. The sale, valued at approximately $8 billion, involves varying bids for either partial or total acquisition of the assets. The outcome remains uncertain as bidders evaluate the division's operational integration and market value.