Market Chatter: Shell, ExxonMobil's Chemicals JV Reportedly Explores $8 Billion Sale

10:16 AM EDT, 10/22/2026 (MT Newswires) -- Shell (SHEL.L, SHELL.AS) and ExxonMobil's (7DZ.F) chemicals joint venture Infineum is working with Bank of America for a potential $8 billion sale of the business, London's Financial Times reported Thursday, citing people familiar with the matter. The sale of UK-based Infineum, which manufactures additives for the fuel and lubricant sectors, could attract interest from private equity firms, the report said. However, the process is still in the early stages and there is no guarantee that a deal will be reached. Infineum did not immediately respond to a request for comment from MT Newswires. (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.)