Market Chatter: Exxon Mobil to Sell Older Permian Basin Assets to Hilcorp for $1 Billion-March 2024-www.financetom.com

Market Chatter: Exxon Mobil to Sell Older Permian Basin Assets to Hilcorp for $1 Billion

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Market Chatter: Exxon Mobil to Sell Older Permian Basin Assets to Hilcorp for $1 Billion

Nov 12, 2024 7:56 PM

10:45 AM EST, 11/12/2024 (MT Newswires) -- Exxon Mobil ( XOM ) has agreed to sell conventional oil-drilling assets in the Permian Basin to Hilcorp Energy for about $1 billion, Reuters reported Tuesday, citing four sources familiar with the matter.

Exxon Mobil ( XOM ) and Hilcorp did not immediately respond to requests for comment from MT Newswires.

(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.)

Price: 120.58, Change: +0.11, Percent Change: +0.09

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