trending Market Intelligence /marketintelligence/en/news-insights/trending/pnARJbDd4CGk0bo0bQCbmw2 content esgSubNav
In This List

Report: Exxon taps Jefferies for options on UK North Sea assets

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Report: Exxon taps Jefferies for options on UK North Sea assets

Exxon Mobil Corp. hired investment bank Jefferies Financial Group Inc. to help it assess options for its U.K. North Sea assets, Bloomberg reported Oct. 8, citing unnamed sources.

The options include the sale of stakes in around 40 producing oil and gas fields that could raise at least $2 billion, according to the report.

The company had initial talks with potential buyers prior to the launch of the formal sale, but no final decision has been made yet, the sources told Bloomberg.

Exxon is targeting to sell $15 billion in assets by 2021. In September, the firm entered into an agreement to sell its nonoperated upstream assets in Norway to Eni SpA subsidiary Vår Energi AS for $4.5 billion.