Exxon Aims To Sell Conventional Permian Assets For $1B
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil is planning to sell its conventional oil and gas assets in the Permian Basin for approximately $1 billion. This move is part of Exxon's strategy to focus on more lucrative shale operations in the region.
August 27, 2024 | 5:09 pm
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Exxon Mobil is selling its conventional oil and gas assets in the Permian Basin for $1 billion to concentrate on more profitable shale operations.
The sale of conventional assets aligns with Exxon's strategy to focus on higher-margin shale operations, which could improve profitability and investor sentiment, potentially leading to a positive short-term impact on the stock price.
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