Deals
Exxon Mobil Weighs Sale of Malaysian Offshore Assets
- Divestiture could raise $2 billion to $3 billion, people say
- Sale is part of a broader $15 billion plan to tighten assets
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Exxon Mobil Corp. is considering a sale of its oil-producing offshore assets in Malaysia as part of the U.S. energy giant’s global divestiture program.
The company is working with an adviser on the potential sale, which could raise about $2 billion to $3 billion, according to people familiar with the matter. The focus is on selling upstream assets operated under production-sharing contracts with state-owned Petroliam Nasional Bhd, known as Petronas, one of the people said, asking not to be identified because the matter is private.