Equities

Reuters reveals Exxon eyeing UK North Sea exit

Reuters reveals Exxon eyeing UK North Sea exit

Reuters exclusively reported that Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects. The world’s largest publicly traded energy company has held talks with a number of North Sea operators to gauge interest in some or all of its assets, which could fetch up to $2 billion, Reuters sources said.