XOM - Shell And Exxon Eye North Sea Asset Sales In $500M Deal: Report | Benzinga
Shell plc (NYSE:SHEL) and Exxon Mobil Corporation (NYSE:XOM) are reportedly nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy.
The potential deal is valued around $500 million, reported Reuters.
For Exxon, the deal would complete its exit from the North Sea, where it has presence since 1964. In 2021, the company sold most of its assets in the central and ...