NYSE:XOMOil and Gas
Exxon Mobil Weighs New Zealand Exit To Refocus On Larger Projects
Exxon Mobil (NYSE:XOM) is preparing to exit the New Zealand market, according to recent reports.
The company has engaged Goldman Sachs to explore a sale of its local terminals and large service station network.
The potential divestment would follow other recent asset sales, including transactions in Singapore.
For you as an investor, this possible exit from New Zealand aligns with Exxon Mobil’s focus on larger, high-return projects in core areas such as the Permian Basin, Guyana, and LNG...