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Report: Exxon Looking to Sell Australian Gippsland Basin Stake
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ExxonMobil is looking to sell off its stake in Australia's Gippsland Basin, according to a report by Reuters.
The company holds a 50% stake in the asset, which is located offshore in the country's Bass Strait. The other 50% is held by BHP Group.
The sale could potentially amount to ~$3.0 billion.
Exxon noted that no agreements have been reached and no buyers have been identified. The company will be "testing market interest" in the coming months in regard to the sale.
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