Shell and ExxonMobil weigh sale of joint chemicals unit Infineum for $8 billion

FinanceInternationalEl ConfidencialOct 22, 2026, 10:00 PM40 s readAI summary

Shell and ExxonMobil are exploring the sale of their joint chemicals unit Infineum, based in the United Kingdom, for about $8 billion, according to the Financial Times. The joint venture, owned 50% by each oil major, is said to have hired Bank of America advisers to manage the deal, which is expected to launch in the coming days and could attract private equity funds. The process is at an early stage and may not result in a transaction. Infineum makes additives for engine oils, fuels and industrial applications.

In 40 seconds

Shell and ExxonMobil are seeking a deal valuing Infineum at about $8 billion
The joint venture is owned 50/50 by both oil companies and is based in the United Kingdom
Bank of America would advise on the sale, which could start in the coming days

Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

Shell
ExxonMobil
Infineum
química
venta

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Shell and ExxonMobil weigh sale of joint chemicals unit Infineum for $8 billion

In 40 seconds

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Keep reading

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