ExxonMobil is weighing the sale of chemical plants in the UK and Belgium that could fetch up to $1 billion, the FT reported. The move comes as Europe's sector struggles with high costs, weak demand and pressure from Chinese rivals, compounded by US tariffs. Talks are at an early stage and may not lead to a deal. Exxon shares are up 3.4% this year.
short by
/
02:46 pm on
04 Sep