05:51 AM EDT, 10/24/2025 (MT Newswires) -- ExxonMobil ( XOM ) has agreed to sell its Esso-branded retail fuel station network in Singapore to PT. Chandra Asri Pacific Tbk, the latter said Friday.

The acquisition, which is part of the Southeast Asian firm's expansion plan, will be made through a special purpose vehicle owned by a wholly-owned subsidiary of the Asri group, it said.

The company said its long-term growth strategy focuses on developing "integrated energy infrastructure for the energy and mobility solutions market in Singapore and Southeast Asia."

Chandra Asri did not disclose financial details of the deal.