Your Portal for Key Energy Information and Research

INEOS

Company Summary

Description

INEOS is a privately owned multinational chemicals company headquartered in London, UK, and with registered offices in Lyndhurst, Hampshire, UK and Rolle, Switzerland.

Website

http://www.ineos.com/

Related Entities

Recent news

  • 12/11/2023 - LyondellBasell to Sell... (subscriber access)
  • 9/28/2023 - Eastman Chemical Company... (subscriber access)
  • 7/24/2023 - INEOS to Acquire... (subscriber access)
  • 7/24/2023 - INEOS Energy Trading... (subscriber access)
  • 7/14/2023 - INEOS Chemicals Pipeline... (subscriber access)

Company Transactions

Date: 4/15/2023
Type: Acquisition

BUYERS:
  • INEOS
    • SELLERS:
  • Chesapeake Energy Corporation
    • DETAILS:

    COST: 1.4 $B

    VOLUMES: 36 MBOE/d

    ACRES: 172000 Acres

    NOTES:
    Chesapeake Energy has signed a deal with INEOS to sell a portion of its remaining Eagle Ford acreage for $1.4 billion.
    REGIONS:
  • Eagle Ford

    • Date: 8/30/2021
    Type: Acquisition

    BUYERS:
  • INEOS
    • SELLERS:
  • Hess Corporation
    • DETAILS:

    COST: 150 $MM

    NOTES:
    Hess has completed the sale of their Denmark subsidiary for $150 million to Ineos, which included a 61.5% stake in the South Arne Field. They will direct proceeds towards Guyana capital spending.
    REGIONS:
  • Europe

    • Date: 12/31/2020
    Type: Acquisition

    BUYERS:
  • INEOS
    • SELLERS:
  • BP PLC
    • DETAILS:

    COST: 5 $B

    NOTES:
    BP has reached a deal with Ineos to divest the global petrochemicals business for $5 billion. The deal includes a $400 million deposit and $3.6 billion due upon closing. Another $1 billion will be pushed and paid in separate installments, including $100 million in March, April and May 2021 and then $700 million by June 2021. Closing will occur by year-end 2020.
    REGIONS:
  • International

    • Date: 9/29/2017
    Type: Acquisition

    BUYERS:
  • INEOS
    • SELLERS:
  • DONG E&P A/S
  • DONG Energy
    • DETAILS:

    COST: 1005 $MM

    VOLUMES: 100 MBOE/d

    REGIONS:
  • North Sea
  • Norwegian Continental Shelf
  • Norwegian Sea
  • Europe