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Opinion

ExxonMobil kicks off its US$15 billion disposals programme

ExxonMobil announced that it's going to exit the Norwegian upstream sector in a deal that's worth $4.5 billion. Get our upstream research team's analysis of the deal in the latest episode of the Corporate Week in Brief podcast

Tom Ellacott

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ExxonMobil kicks off its US$15 billion disposals programme

Tom Ellacott and Max Petrov share their thoughts on ExxonMobil’s Norway exit and the wider implications for the company.

Insight

We think ExxonMobil has the potential to double its disposal target. A deep dive into the upstream portfolio reveals nearly US$50 billion of asset sales potential, spanning tail-end mature assets, non-core growth opportunities, lower-margin assets and needle-moving disposal wildcards.

ExxonMobil: what will be sold?

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