Exclusive: Exxon steps up assets sales with sweeping $25 billion plan by ronbousso1 NasrallaShadia
) is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad.
The Irving, Texas-based company has drawn up in recent months an extensive list of assets that spans at least 11 countries it wants to sell that will easily exceed its current $15 billion disposal target for 2021, according to the sources.Exxon, the world’s top listed energy company, has struck a number of deals in recent months including the $4.5 billion exit from Norway, and is also already offering assets in Australia, Nigeria, Malaysia.
The plan would also see Exxon significantly pare back operations in Southeast Asia with the sale of its assets in Indonesia and Malaysia, the sources said. Unlike rivals such as Shell and BP, Exxon did not carry out major review of its portfolio in recent decades. BP sold over $65 billion of assets following the 2010 Deepwater Horizon spill in the Gulf of Mexico while Shell sold over $30 billion after acquiring rival BG Group in 2016.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Alibaba, Aramco share sale bonanza fails to produce fee windfall for banksA late-year rush of giant global share sales led by Alibaba's $13 billion H...
Lire la suite »
The Weeknd Drops $25 Million on Penthouse Bachelor PadThe Weeknd drops $25 million on penthouse bachelor pad in Bev Hills.
Lire la suite »
How To Host The Most Stress-Free Holiday EverStep one: Let someone else plan the menu.
Lire la suite »
Top gold ETF attracts $5.5 billion in assets this year despite cheaper competitionThe SPDR Gold Shares exchange-traded fund remains a default name for investors seeking exposure to the precious metal despite less costly rivals on the market, experts say.
Lire la suite »
Hong Kong Share Sale Brings Alibaba an Easy $13 BillionChinese e-commerce and entertainment giant Alibaba was easily able to sell all the shares it put up for sale in a secondary listing on the Hong Kong Stock Exchange. The company is selling 500 milli…
Lire la suite »
AFM: Germany's Leonine Secures Samuel L. Jackson's 'The Asset' (Exclusive)Germany's Leonine, the new would-be mini-major controlled by private equity group KKR, picked up Samuel L. Jackson-starrer 'The Asset' from 'The Expendables' producer Millennium Media in a major deal out of the American Film Market.
Lire la suite »