Exxon Considers Divesting UK North Sea Operations -Reuters

Date : 08/13/2019 @ 11:52AM
Source : Dow Jones News
Stock : Exxon Mobil Corp (XOM)
Quote : 68.3  1.05 (1.56%) @ 12:59AM

Exxon Considers Divesting UK North Sea Operations -Reuters

Exxon Mobil (NYSE:XOM)
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--Exxon Mobil Corp. (XOM) is considering leaving the British North Sea, and has spoken to a number of operators in the region to sell its assets there, reports Reuters citing industry sources.

--The media company names Chrysaor or Neptune, large private-equity backed producers, as potential buyers for the assets which could be worth up to $2 billion.

--It adds that should Exxon not find a buyer, it may appoint a bank to administer a formal sale process.

--Exxon declined to comment.

 

Full story: https://reut.rs/33xVTky

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

August 13, 2019 06:37 ET (10:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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