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Posted on 457 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 commo...

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. . Read more here.

The sale to HitecVision, through its wholly owned portfolio company NEO Energy, covers most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea.

Exxon to Sell Some North Sea Assets for More Than $1 Billion Bloomberg 2/24/2021 Doug Alexander and Simon Casey © Photographer: David McNew/Getty Images North America BURBANK, CA - FEBRUARY 01: An Exxon gas station advertises its gas prices on February 1, 2008 in Burbank, California. Exxon Mobil Corp. has posted an annual profit of $40.6 billion, the largest ever by a US company, and set a new US record for the highest quarterly profit, $11.7 billion for the last three mont...

Exxon Mobil plans to sell holdings in the oil fields of the United Kingdom and the northern North Sea for more than $1 billion, as it focuses its portfolio on projects delivering the highest returns. The Irving oil major, the nation's largest oil company, on Wednesday said it signed an agreement to sell to NEO Energy its interests in 14 oil fields operated primarily by Royal Dutch Shell, oil fields operated by French oil major Total and...

ExxonMobil To Sell U.K. Upstream Central And Northern North Sea Assets To HitecVision IRVING (dpa-AFX) - ExxonMobil said Wednesday that it agreed to sell most of its non-operated upstream assets in the United Kingdom central and northern North Sea to HitecVision for more than $1 billion. The sale price has additional upside of about $300 million in contingent payments based on potential for increase in commodity prices. The agreement includes ownership interests in 14 producing fields operated ...

Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to ...

ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m). Updated: 24/02/2021, 3:53 pm © Shell Columbus will be tied-back to the Shell Shearwater hub. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went w...

Exxon Mobil Corporation: ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets Sale price of more than $1 billion advances divestment plans, further focusing portfolio on advantaged assets ExxonMobil retains extensive refining and fuels marketing, lubricants, petrochemicals production and natural gas marketing business in the U.K. ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobils n...

Author Bio Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo ExxonMobil (NYSE:XOM) announced today that it has agreed to sell most of its non-operated upstream oil and gas assets in the U.K.s central and norther...