Exxon Mobil (XOM) Sells Interests in Montney and Duvernay Canadian Assets for $1.47B Cash
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ExxonMobil Announces Sale of Interests in Montney and Duvernay Canadian Assets
June 28, 2022 7:25 PM EDTIRVING, Texas--(BUSINESS WIRE)-- ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.
The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter, subject to regulatory approvals.
The sale completes the marketing effort announced in January, and is consistent with ExxonMobils strategy to focus upstream resources on key assets to deliver long-term value to shareholders.
The... More
