Exxon Mobil sells Malaysian oil & gas assets to Petronas, exiting the country's upstream sector.
Exxon Mobil Corp. has finalized a deal to sell its Malaysian oil and gas assets to state energy firm Petronas, marking its exit from the country's upstream sector. This move is part of the company's strategic shift towards focusing on its more profitable operations in the Americas. Petronas has assumed the operations of Exxon's assets, including the Tapis oilfield, and will transfer Exxon's staff.
July 19, 2024
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