06:40 AM EDT, 07/10/2025 (MT Newswires) -- Exxon Mobil ( XOM ) is in talks to sell its 59 gas stations in Singapore to Aster Chemicals and Energy, Bloomberg News reported Thursday, citing people familiar with the matter.

The Chandra Asri-Glencore venture reportedly outbid other global rivals and is negotiating price and transaction terms.

Deliberations are ongoing, and Exxon could still decide to retain the assets, Bloomberg reported.

The sale could raise about $1 billion and allow Exxon to shift capital to higher-growth opportunities, the news outlet reported.

Exxon, Chandra Asri, Glencore, and Aster did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)