ExxonMobil Plans $1B Sale of Permian Assets Amid Shale Focus

ExxonMobil Corporation (XOM) ), the U.S. energy giant, is reportedly looking to sell a package of conventional oil assets in the Permian Basin, aiming to streamline its portfolio and focus on shale production. The transaction could potentially fetch around $1 billion, depending on oil prices at the time of the sale, according to a Bloomberg report.XOM Puts Some Permian Assets on the BlockThe assets are located in the Central Basin of the Permian, spanning across West Texas and Southeast New Mexico. These in ...