ExxonMobil Sells Off U.K. North Sea Assets

GALWAY, IRELAND--March 8, 2021--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--ExxonMobil (NYSE:XOM) (Irving, Texas) has announced the sale of most of its U.K. upstream and northern North Sea assets to Norwegian private equity-backed NEO Energy for more than $1 billion.

Within this article: Details asset sale, financial situation, related sell-offs