Exxon Considers Divesting UK North Sea Operations -Reuters
August 13 2019 - 6:52AM
Dow Jones News
--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.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Apr 2023 to Apr 2024