Deals
Exxon Puts Australia Ops Back on Block Amid Global Sell Off
- Company plans to sell oil & gas assets in Gippsland Basin
- No buyer identified yet; previous sale process was abandoned
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Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns.
The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said in an emailed statement. No buyers have been identified and no agreements have been reached, it added.