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FINWIRES

Market Chatter: Exxon Mobil Weighs Divestment of Hong Kong Fuel Retail Business

-- Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg reported Wednesday, citing people familiar with the matter.

The move is part of Exxon's broader effort to streamline its global retail footprint as it reviews downstream assets in markets including France, New Zealand, and Hong Kong, the report said.

Exxon Mobil didn't immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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