ExxonMobil Is Eyeing a Potential $8 Billion Bet on Shell's U.S. Chemical Plants. Here's What It Means for XOM Stock.
Shell is looking to unload its U.S. chemicals assets.
Overview
Shell (NYSE:SHEL) has received interest from multiple bidders for its U.S. chemicals assets, including ExxonMobil (NYSE:XOM). According to a Financial Times report, Exxon is among the four remaining bidders for the assets, which could cost up to $8 billion. They're non-binding bids that represented various expressions of interest in these assets.
Here's a look at what it would mean for ExxonMobil investors if the energy giant won the bidding for Shell's U.S. chemicals assets.
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Originally published at www.fool.com.
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