Exxon Mobil Says It Has Entered Into Agreement With A Viaro Energy Unit For Sale Of A Group Of Its Non-Operated Upstream Assets In The UK Southern North Sea; Expects To Close Transaction In 2025, Subject To Approvals
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil has entered into an agreement with a Viaro Energy unit to sell a group of its non-operated upstream assets in the UK Southern North Sea. The transaction is expected to close in 2025, subject to approvals.
July 30, 2024 | 3:32 pm
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Exxon Mobil has agreed to sell its non-operated upstream assets in the UK Southern North Sea to a Viaro Energy unit. The transaction is expected to close in 2025, pending necessary approvals.
The sale of non-operated upstream assets could streamline Exxon's portfolio and potentially improve its financial position. The transaction is expected to close in 2025, which provides a clear timeline for investors.
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