Exxon Mobil Said to Explore Sale of German Esso Gas Stations

Exxon Mobil Corp., the world’s biggest energy company by market value, is weighing a sale of its German Esso gas station chain, according to people familiar with the process.

The unit, which includes more than 1,100 gas stations in Germany, may fetch more than 1 billion euros ($1.3 billion), said two of the people, who asked not to be identified because talks are private. Exxon is in preliminary talks with multiple parties, two or three of which may be from Russia or eastern Europe, people said. No final decision on a sale has been made.