https://www.reuters.com/legal/litigation/shell-draws-interest-bidders-including-exxon-8-billion-us-chemical-assets-ft-2026-08-24/
5 replies (most recent on top)
This makes sense. It’s a pattern. The same thing happened to the prelude. Many other cases.
@az It’s worse than that. They’re talking about selling all of their US chemical assets for that. Plus, those of us who work in the olefins/PE world have credibly heard through the grapevine that PA plant cost a lot more than $14B. They paused construction twice. Incredible mismanagement.
If the same toxic layers of politics and terrible decisions are at shell as Xom. Not a shock
Let me get this right
Shell 2022 - spends 14 billion on this chemical asset bundle
Shell 2026 - wants to sell it for only 8 billion. Maybe even to us.
What does it mean when your direct competitor can competently run your assets but you cannot? This is a sign that Shell will go the way of BP due to poor leadership.
Paywal