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Exxon Mobil to sell Canadian assets for $1.47 billion

 Last Update: 2022-10-10
 Source: Internet
 Author: User

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According to a report by Petroleum Today on June 30, 2022, Exxon Mobil Corp said it will sell its Canadian assets later this year for a total cash consideration of $1.

ExxonMobil Corp.

XTO Energy Canada's assets include a 567,000-acre prospect in the Montney Shale Basin, a 72,000-acre prospect in the Duvernay Shale Basin, and additional acreage in other parts of Alberta

RBC Capital Markets acted as exclusive financial advisor to Imperial Oil and ExxonMobil Canada in the transaction

ExxonMobil said the sale is in line with its strategy to focus upstream resources on key assets that deliver long-term value to shareholders

Exxon Mobil Corporation is one of the largest publicly traded energy companies in the United States and currently dominates the development of Guyana's oil resources

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