Exxon Mobil considers sale of Malaysian offshore assets for up to $3 billion: Bloomberg By Reuters

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 billion: Bloomberg

Stock MarketsOct 09, 2019 03:45AM ET

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Exxon Mobil considers sale of Malaysian offshore assets for up to $3 billion: Bloomberg

(Reuters) - U.S. energy giant Exxon Mobil Corp (NYSE:XOM) is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.

Exxon is said to be working with advisers on the potential sale which could raise about $2 billion to $3 billion, the report https://bloom.bg/33lwolX added, citing people familiar with the matter.

The sale considerations are at a preliminary stage and Exxon could still decide against a deal, according to Bloomberg.

The company did not respond to a Reuters request for comment early on Wednesday.

The report comes less than two weeks after Exxon agreed to sell its Norwegian oil and gas assets to Var Energi AS for $4.5 billion as part of its plans to divest about $15 billion in non-strategic assets by 2021.

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