- Two major sales by supermajors have captured the headlines recently: BP's exit from the petrochemicals sector through a sale to INEOS, and Shell reaffirming its desire to sell its 35% stake in the Abadi LNG project in Indonesia.
- But BP's footprint in the petrochemicals business has been shrinking over the past two decades, ceding ground to Shell, ExxonMobil, Total and other national players.
- Reports that Shell has been wanting to sell its 35% stake in the Abadi LNG project surfaced in 2019.
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