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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 commodity prices. The sale includes ExxonMobil’s interests in 14 producing fields in the UK North Sea, ...

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 months of 2007. The previous annual profit record, $39.5 billion, was set by Exxon in 2006. The company'...

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...