Oil
Shell, ExxonMobil Said to Put Chemicals JV Up for Sale
CEII brief
Rigzone reported on 23 Oct 2026: Shell, ExxonMobil Said to Put Chemicals JV Up for Sale.
Read the full story on RigzoneThe sale may attract interest from private equity suitors, and the oil companies are aiming for a deal that values the unit at about $8 billion, according to the Financial Times.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © Rigzone. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
