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Exclusive - Exxon explores selling U.S. Gulf of Mexico assets: sources

Exclusive - Exxon explores selling U.S. Gulf of Mexico assets: sources
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes   -   Copyright  Sergio Moraes(Reuters)
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(Reuters) – Exxon Mobil Corp <XOM.N> is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world’s largest publicly listed oil company to review its portfolio, people familiar with the matter said on Tuesday.

Major oil companies such as Exxon have been looking to concentrate development operations in a few key areas. Irving, Texas-based Exxon company is focussing on promising oil-rich acreage in areas such as Guyana, Brazil and the Permian basin of Texas.

As part of the evaluation process, Exxon has asked a small number of parties to gauge their potential interest in the company’s Gulf assets, ahead of making a decision on how to proceed, according to two of the sources, adding that any sale would likely happen next year.

The sources asked not to be identified because the matter is confidential. Exxon did not immediately respond to a request for comment.

(Reporting By David French and Jessica Resnick-Ault in New York)

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