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Update: Market Chatter: ExxonMobil, LyondellBasell Submit Offers for Shell's US Chemical Plants

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(Updates with Shell's statement)

Energy giant ExxonMobil (XONA.F) and chemicals group LyondellBasell filed nonbinding indicative offers for four of Shell's (SHEL.L SHELL.AS) underperforming chemical plants in the US, London's Financial Times reported Monday, citing people familiar with the matter.

The multibillion-dollar assets, located in Louisiana, Texas, and Pennsylvania, produce chemicals used to manufacture plastics, detergents, and pharmaceuticals, according to the report.

Potential deals could be valued at up to $8 billion, with proposals covering both the entire business and individual assets. Private equity group Apollo and the chemicals subsidiary of state-owned Kuwait Petroleum Corp. also showed interest. There is, however, no guarantee that a sale will be finalized, the report added.

Shell toldit had no comment, while Exxon, LyondellBasell, Apollo, and Kuwait Petroleum Corp did not immediately respond to requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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