ExxonMobil Eyes $1B Deal for Singapore Esso Fuel Stations

Exxon Mobil Corporation (XOM) is reportedly considering selling its petrol stations in Singapore, a move that could generate around $1 billion, according to a Bloomberg news report. The U.S. oil major operates 59 stations in the country under the Esso brand, as per the company's website.XOM's Strategy to Reallocate CapitalThe reported sale aligns with ExxonMobil's strategy to reallocate capital toward areas with higher growth potential. The divestiture has already attracted interest from industry players an ...