ExxonMobil Eyes $500–600M Hong Kong Station Sale, Backs €40M Greek Offshore Exploration
ExxonMobil is exploring a sale of its Hong Kong gas stations seeking $500–600 million for the assets. The company also partners with HELLENiQ Upstream and Chevron on Greek offshore exploration blocks, investing over €40 million in seismic studies ahead of planned drilling by 2027.
1. Hong Kong Station Sale Plans
ExxonMobil is weighing a sale of its retail gas stations in Hong Kong, targeting a $500 million to $600 million valuation for the portfolio. This divestment aligns with the company's strategic focus on core assets and could bolster liquidity for upstream investments.
2. Greek Offshore Exploration Partnership
In Greece, ExxonMobil has joined forces with HELLENiQ Upstream and Chevron to develop new offshore exploration blocks south of Crete and the Peloponnese. The consortium has invested over €40 million in seismic studies and data acquisition, with exploration drilling slated to begin in 2027.