ExxonMobil Plans to Divest U.K. and German Upstream Operations

Updated 1 year 7 months ago

Bloomberg reported in January 2020 that ExxonMobil planned to start gauging buyer interest for its UK and German upstream operations. A sale of UK North Sea assets would start imminently, and the German assets would be marketed shortly afterward. The company is working with Jeffries and estimates the UK and German assets were worth $2 billion combined.