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Americans from ExxonMobil sell Norwegian assets

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Americans from ExxonMobil sell Norwegian assets
September 27
13:00 2019

ExxonMobil, an American oil and gas company, has issued a press release. The document says that an important agreement has been reached between the US oilmen and the Norwegian company Var Energy. It’s about the sale of company assets, which are in this Scandinavian country. Exploration and oil production sites will be sold for $ 4.5 billion.

ExxonMobil has shares in more than two dozen fields in Norway. The total production is estimated at 150 thousand barrels per day.

In principle, the deal came as no surprise to the global financial community, as it is being implemented as part of a long-announced optimization program. The Americans intend to get rid of non-core assets totaling $ 15 billion in two years.

Due to this news, Exxon shares have slightly dropped (0.3%). Nevertheless, since the beginning of the year, the capitalization of the American giant has risen to the level of 301.89 billion US dollars (in relative terms – by 4.3%).


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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