Exxon Mobil is considering a sale of assets in North Dakota’s Bakken, after drawing interest from potential suitors, the Bloomberg News reported on Thursday, citing people familiar with the matter.
Exxon’s shares were up as much as 2.31% at $84.71 in afternoon trade.
The Bakken properties could be worth about $5 billion and the oil major is in the final round of interviewing bankers to help launch the sale process, the report said.
An Exxon spokesperson told Reuters the company does not comment on rumors or speculation.
The top U.S. oil producer set a goal three years ago of raising $15 billion from asset sales, and put several U.S. and international assets on the market as energy prices rally to multi-year highs.
The company has been on a major cost-cutting drive after suffering a historic loss in 2020. In January, Exxon disclosed a sweeping restructuring of its global operations.
Last week, Exxon said it will further slash expenses and its oil and gas production portfolio to boost returns.
Source: Reuters
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