ExxonMobil to Sell Bakken Shale Assets for Over $500 Million: A Strategic Shift

ExxonMobil, the largest oil producer in the U.S., is reportedly selling some of its Bakken shale assets in North Dakota. This move, expected to fetch over $500 million, aligns with the company’s strategy to focus on higher-growth regions after its recent acquisition of Pioneer Natural Resources. While ExxonMobil remains committed to North Dakota’s shale production, the sale highlights the company’s efforts to streamline its portfolio and maximize returns.

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