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ExxonMobil to Participate in Carbon Capture and Storage Project in Scotland
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Exxon Mobil : ExxonMobil to Participate in Carbon Capture and Storage Project in Scotland
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Exxon Mobil Corporation: ExxonMobil to Sell Global Santoprene Business
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ExxonMobil Outlines Plans to Grow Long-Term Shareholder Value in Lower Carbon Future
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ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices.
The sale includes ExxonMobil’s interests in 14 producing fields in the UK North Sea, including Shearwater (pictured). (Photo: Business Wire)
“We continue to high-grade our portfolio by divesting assets that are less strategic and focusing our investments on our advantaged projects that are among the best in the industry,” said Neil Chapman, senior vice president of ExxonMobil. “Our development plans that prioritize Guyana, the U.S. Permian Basin, Brazil and LNG are focu