Exxon Mobil May Sell Assets Around Globe to Focus on Big Projects, Sources Say -- Reuters
November 21 2019 - 04:59PM
Dow Jones News
--Exxon Mobil may sell assets in Europe, Africa and Asia worth
up to $25 billion as its focus moves to some major projects,
Reuters reports Thursday, citing "three banking sources."
--The oil giant would sell most of its upstream oil and gas
business in Europe, keeping only a stake in the Netherlands, the
report said.
--Exxon Mobil is also looking to sell assets in Indonesia,
Malaysia, Chad and Equitorial Guinea, among others, the report
said.
--A spokesman for Exxon Mobil didn't comment specifically on the
sale, but did say the company had previously said asset sales could
reach $25 billion by 2025, according to the report.
Full story:
https://www.reuters.com/article/us-exxon-mobil-m-a-exclusive/exclusive-exxon-aims-to-sell-25-billion-of-assets-to-focus-on-mega-projects-sources-idUSKBN1XV1Q9
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 21, 2019 16:44 ET (21:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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