ExxonMobil (XOM) Considers Divestment of Vaca Muerta Assets

Exxon Mobil Corporation (XOM) is reportedly contemplating the sale of its oil and gas assets in Argentina’s lucrative Vaca Muerta shale region. This development indicates a major shift in the U.S. energy giant’s focus in South America.ExxonMobil’s assets in Argentina encompass stakes in seven oil and gas blocks in the Vaca Muerta region. The sale process began last year, with ExxonMobil exploring options for a potential $1-billion sale of these shale assets. The process seems to be advancing, with binding o ...