Exxon Mobil Considering $5 Billion Sale of Bakken Assets: Report

The Bakken properties could be worth about $5 billion and Exxon Mobil is in the final round of interviewing bankers to help launch the sale process, a report said.

Reuters

Exxon Mobil Corp. is considering a sale of assets in North Dakota’s Bakken, after drawing interest from potential suitors, the Bloomberg News reported on March 10, citing people familiar with the matter.

Exxon Mobil’s shares were up as much as 2.31% at $84.71 in afternoon trade.

The Bakken properties could be worth about $5 billion and the oil major is in the final round of interviewing bankers to help launch the sale process, the report said.

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