Exxon Mobil to sell its stake in France's Esso

ReutersMay 28, 2025 7:14 AM

May 28 (Reuters) - Energy major Exxon Mobil XOM.N has entered into exclusive negotiations with North Atlantic to divest its stake in Esso ESSF.PA, it said on Wednesday.

The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso share before distributions, or 32.83 euros after distributions, Esso said in a statement.

($1 = 0.8842 euros)

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