Deals·October 22, 2026 at 9:36 AM EDT·2 sources
Shell and Exxon’s $8bn UK chemicals unit put up for sale
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News
acquisition, log scale$8.0B
$100M$1B$10B$100B
What happened
- Infineum has appointed Bank of America advisers to run a sale of the UK chemicals business.
- The business is owned by Shell and Exxon, which are seeking a reported $8bn valuation.
- Shell is focusing on its core oil and gas operations.
Reported valuation
$8bn
Why it matters
The sale could create a major chemicals-sector M&A opportunity and reflects portfolio reshaping by large energy companies.
What to watch. The sale process and any announcement of a buyer or transaction terms.
Deal terms
acquisition
Infineum
Value
$8.0B
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Timeline
- EarlierOct 20UK Expected to Approve Contentious North Sea Jackdaw Gas Field
- EarlierOct 22Oil Market Crunch Could Happen in Months: BofA's Blanch
- First reported by Financial TimesOct 22Shell and Exxon’s $8bn UK chemicals unit put up for sale
- Rigzone reportsOct 23Shell, ExxonMobil Said to Put Chemicals JV Up for Sale
Who is involved
Shell and Exxon’s $8bn UK chemicals unit put up for saleInfineumtargetBank of AmericaBACShellSHELExxon
CompanyAdvisor
Sources (2)
- Financial TimesOct 22Shell and Exxon’s $8bn UK chemicals unit put up for sale
- RigzoneOct 23Shell, ExxonMobil Said to Put Chemicals JV Up for Sale
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