diff --git a/pkgs/development/ocaml-modules/lambda-term/default.nix b/pkgs/development/ocaml-modules/lambda-term/default.nix
index f66773d426a..86e4ebccbae 100644
--- a/pkgs/development/ocaml-modules/lambda-term/default.nix
+++ b/pkgs/development/ocaml-modules/lambda-term/default.nix
@@ -1,10 +1,10 @@
-{ stdenv, fetchurl, libev, ocaml, findlib, ocamlbuild, ocaml_lwt, ocaml_react, zed }:
+{ stdenv, buildOcaml, fetchurl, libev, ocaml, findlib, ocamlbuild, ocaml_lwt, ocaml_react, zed }:
 
 assert stdenv.lib.versionAtLeast (stdenv.lib.getVersion ocaml) "4.01";
 
-stdenv.mkDerivation rec {
+buildOcaml rec {
   version = "1.10";
-  name = "lambda-term-${version}";
+  name = "lambda-term";
 
   src = fetchurl {
     url = "https://github.com/diml/lambda-term/archive/${version}.tar.gz";
@@ -17,6 +17,8 @@ stdenv.mkDerivation rec {
 
   createFindlibDestdir = true;
 
+  hasSharedObjects = true;
+
   meta = { description = "Terminal manipulation library for OCaml";
     longDescription = ''
     Lambda-term is a cross-platform library for
diff --git a/pkgs/development/ocaml-modules/lwt/default.nix b/pkgs/development/ocaml-modules/lwt/default.nix
index 53d5a25a39e..d450a877517 100644
--- a/pkgs/development/ocaml-modules/lwt/default.nix
+++ b/pkgs/development/ocaml-modules/lwt/default.nix
@@ -1,4 +1,4 @@
-{ stdenv, fetchzip, which, cryptopp, ocaml, findlib, ocamlbuild, camlp4
+{ stdenv, buildOcaml, fetchzip, which, cryptopp, ocaml, findlib, ocamlbuild, camlp4
 , ocaml_react, ocaml_ssl, libev, pkgconfig, ncurses, ocaml_oasis, glib
 , ppx_tools, result, cppo
 , ppxSupport ? stdenv.lib.versionAtLeast ocaml.version "4.02"
@@ -15,8 +15,8 @@ let param =
   };
 in
 
-stdenv.mkDerivation rec {
-  name = "ocaml-lwt-${version}";
+buildOcaml rec {
+  name = "lwt";
   inherit (param) version;
 
   src = fetchzip {
@@ -36,6 +36,8 @@ stdenv.mkDerivation rec {
 
   createFindlibDestdir = true;
 
+  hasSharedObjects = true;
+
   meta = with stdenv.lib; {
     homepage = http://ocsigen.org/lwt;
     description = "Lightweight thread library for Objective Caml";
diff --git a/pkgs/development/tools/ocaml/utop/default.nix b/pkgs/development/tools/ocaml/utop/default.nix
index 44838686649..8ab1371af9c 100644
--- a/pkgs/development/tools/ocaml/utop/default.nix
+++ b/pkgs/development/tools/ocaml/utop/default.nix
@@ -28,21 +28,41 @@ stdenv.mkDerivation rec {
   dontStrip = true;
 
   postFixup =
-   let p = p: "${p}/lib/ocaml/${ocaml.version}/site-lib"; in
-   ''
-   pushd $out/bin
-   for prog in *
+   let
+     path = "etc/utop/env";
+
+     # derivation of just runtime deps so env vars created by
+     # setup-hooks can be saved for use at runtime
+     runtime = stdenv.mkDerivation rec {
+       name = "utop-runtime-env-${version}";
+
+       buildInputs = [ findlib ] ++ propagatedBuildInputs;
+
+       phases = [ "installPhase" ];
+
+       installPhase = ''
+         mkdir -p "$out"/${path}
+         for e in OCAMLPATH CAML_LD_LIBRARY_PATH; do
+           printf %s "''${!e}" > "$out"/${path}/$e
+         done
+       '';
+     };
+
+     get = key: ''$(cat "${runtime}/${path}/${key}")'';
+   in ''
+   for prog in "$out"/bin/*
    do
-    mv $prog .$prog-wrapped
-    cat > $prog <<EOF
-#!${bash}/bin/bash -e
-export CAML_LD_LIBRARY_PATH="${p ocaml_lwt}/lwt:${p lambdaTerm}/lambda-term:\$CAML_LD_LIBRARY_PATH"
-export OCAMLPATH="${p ocaml_lwt}:${p ocaml_react}:${p camomile}:${p zed}:${p lambdaTerm}:"$out"/lib/ocaml/${ocaml.version}/site-lib:\$OCAMLPATH"
-${ocaml}/bin/ocamlrun $out/bin/.$prog-wrapped \$*
-EOF
-    chmod +x $prog
+
+    # Note: wrapProgram by default calls 'exec -a $0 ...', but this
+    # breaks utop on Linux with OCaml 4.04, and is disabled with
+    # '--argv0 ""' flag. See https://github.com/NixOS/nixpkgs/issues/24496
+    wrapProgram "$prog" \
+      --argv0 "" \
+      --prefix CAML_LD_LIBRARY_PATH ":" "${get "CAML_LD_LIBRARY_PATH"}" \
+      --prefix OCAMLPATH ":" "${get "OCAMLPATH"}" \
+      --prefix OCAMLPATH ":" $(unset OCAMLPATH; addOCamlPath "$out"; printf %s "$OCAMLPATH")
+
    done
-   popd
    '';
 
   meta = {