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Report: ExxonMobil Planning $25 Billion Asset Sell Off
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ExxonMobil is looking to ramp up asset sales to the tune of $25 billion, according to a report by Reuters.
The company is planning to sell off a chunk of its international operations, including a complete exit from Europe. Assets located in Asia and Africa are also rumored to be on the chopping block.
As a result of the sell off, the company will be increasing its focus on its assets in North America as well as several offshore targets (particularly Guyana and other assets in West Africa / Asia-Pacific).
ExxonMobil declined to comment on the report.
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