Exxon Mobil is increasing its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
In recent months, the Irving, Texas-based company has drawn up an extensive list of assets, spanning at least 11 countries, which it wants to sell. The list easily exceeds its current $15 billion disposal target for 2021, according to three banking sources with direct knowledge of the plans.