ExxonMobil and Shell reportedly explore sale of Infineum joint venture
FROM THE WIRE · FINANCE.YAHOO.COM
ExxonMobil Holdings (NYSE:XOM) and Shell are reported to be exploring a sale of their joint venture Infineum International Limited. Advisors are said to be actively engaged on the potential transaction, which is reported to carry a multi billion dollar valuation. The possible…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible multi-billion divestment is relevant for the two oil majors but does not change the overall outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ExxonMobil Holdings and Shell are reportedly exploring a sale of Infineum International.
- 02Advisors are said to be actively engaged on the transaction.
- 03The potential valuation is reported to be multi-billion dollars.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Exxon Mobil Corporation165.24 USDMarket closedtoday -2.38%Neutral Shell plc100.12 USDMarket closedtoday -1.71%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets