Reported about 2 months ago
Exxon Mobil Corp. is seeking to divest a package of conventional oil assets in the Permian Basin worth around $1 billion, as it shifts focus to increasing shale production following its acquisition of Pioneer Natural Resources. The assets, which include older wells producing stable oil quantities, are being marketed despite a dependence on oil prices. The company's global production is projected to reach a decade-high of 4.3 million barrels per day this year.
Source: YAHOO