OIL - What's Going On With Exxon Mobil Shares Today? | Benzinga
Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket on Friday.
The energy giant has finalized a deal to sell its Malaysian oil and gas assets to state energy firm Petronas, marking its exit from the country’s upstream sector where it once held a dominant position.
Exxon’s move to divest its Malaysian assets reflects a broader strategic shift towards focusing on its more lucrative operations in the Americas., Reuters reported.
Petronas has assumed the operations of Exxon's assets, including the Tapis oilfield in Terengganu, which started production in 1978.
As part of the deal, Exxon’s staff will transfer to Petronas. The ...