XOM considers selling its 59 Esso stations in Singapore, aiming to raise $1 billion and refocus on growth areas.

SINGAPORE: US oil giant ExxonMobil is reportedly exploring the possibility of selling its network of gas stations in Singapore, according to sources cited by Bloomberg. The move is expected to generate approximately $1 billion, which the company could channel into higher-growth ventures as part of its broader business strategy.

OIL major ExxonMobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion, according to sources familiar with the matter. Read more at The Business Times.

U.S. oil major Exxon Mobil Corp is weighing a sale of its petrol stations in Singapore, a deal that could raise about $1 billion, Bloomberg News reported on Tuesday, citing sources. Exxon operates 59 petrol stations in Singapore under its Esso brand,

Exxon Mobil (NYSE:XOM) is considering a sale of its gasoline stations in Singapore, a deal that could raise ~$1B, and is working with financial advisors on the potential disposal, Bloomberg reported Tuesday.