Exxon Continues To Shed Shale Assets

ExxonMobil has started marketing gas assets in the Fayetteville Shale in Arkansas, the US supermajor’s spokeswoman Julie King told Reuters on Wednesday. Since before the pandemic, Exxon has been marketing and divesting assets, focusing on key strategic operations such as the Permian Basin, Guyana, and Brazil. “90 percent of our upstream investments in resource additions, including in Guyana, Brazil, and the U.S. Permian Basin, generate a 10 percent return at $35 per barrel or less,” Exxon’s chairman and chief executive Darren…