A sale of the gas stations in Singapore would allow the US-based company to raise cash to deploy in other areas of higher growth potential, the people said. Considerations are preliminary and no final decisions have been made, they added.
Oil major Exxon Mobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion ($1.35 billion), according to people familiar with the matter.
Exxon is working with financial advisers on the potential disposal, the people said, asking not to be identified because the matter is private. Other industry players and investment funds have shown preliminary interest, they added.
