Shell PLC is in "deep discussions" over a potential transaction related to its US chemicals portfolio, CEO Wael Sawan said during the company's third-quarter earnings call on October 29, 2026.
"We are in deep discussions. I won't comment on who and what at this stage," Sawan said, according to a report by ChemWeek. The CEO did not identify potential bidders or specify which assets are under discussion.
The disclosure came as Shell reported third-quarter results. No timeline or valuation for any potential deal was provided.
The US chemicals portfolio has been a subject of restructuring speculation in the industry. Shell has made no further public comment on the identity of counterparties or the scope of a possible transaction.
