Exxon considering selling Singapore fuel stations for $1 billion, potential positive impact on company.

From Investing.com: 2024-12-03 01:10:42

U.S. oil giant Exxon Mobil Corp is considering selling its petrol stations in Singapore, potentially raising $1 billion. The company operates 59 stations under the Esso brand in the country. Interested parties include industry players and investment funds. Exxon has been in Singapore for over 130 years with various facilities.

Exxon Mobil is looking to sell its petrol stations in Singapore for about $1 billion to invest in higher growth areas. The company has 59 stations in Singapore under the Esso brand, and potential buyers include energy industry players and investment funds. This potential sale would be Exxon’s second divestiture in Southeast Asia.



Read more at Investing.com: Exxon weighs sale of Singapore fuel stations for $1 billion, Bloomberg News reports By Reuters