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Exxon considers sale of Bakken assets - Bloomberg News

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

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. (bloom.bg/3hV10DQ)

The top U.S. oil producer set a goal three years ago of raising $15 billion from asset sales, and put several U.S. and international assets on the market as energy prices rally to multi-year highs.

Exxon did not immediately respond to Reuters request for comment.

The company has been on a major cost-cutting drive after suffering a historic loss in 2020. In January, Exxon disclosed a sweeping restructuring of its global operations.

Last week, Exxon said it will further slash expenses and its oil and gas production portfolio to boost returns. (Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber)

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