ExxonMobil (XOM) Divests Stake in Gulf of Mexico Fields

Exxon Mobil Corporation (XOM) entered an agreement to divest its interest in the Gulf of Mexico’s Ursa and Princess fields.Esperanza Capital Partners (“ECP”) and Andros Capital Partners are acquiring the stake as a joint venture (JV). The financial details of the deal have not been disclosed, marking a significant move for both buyers and the seller.The JV between Esperanza Capital Partners and Andros Capital Partners is strategically aimed at the acquisition and further development of upstream assets in th ...