ExxonMobil Plans to Sell French Refining Assets to North Atlantic

Exxon Mobil Corporation (XOM) has entered into exclusive negotiations to divest its controlling interest in Esso Société Anonyme Française SA (Esso S.A.F.) and 100% of ExxonMobil Chemical France SAS (“EMCF”) to North Atlantic France SAS. The deal includes the Gravenchon refinery and related assets, with the transaction expected to be closed in the fourth quarter of 2025, subject to regulatory approvals and final financial arrangements.XOM to Retain French Retail and Specialty BusinessDespite the sale, Exxon ...