ExxonMobil to Sell More Than $1 Billion of U.K. Offshore Assets

ExxonMobil (NYSE: XOM) announced today that it has agreed to sell most of its non-operated upstream oil and gas assets in the U.K.'s central and northern North Sea to NEO Energy. The sale includes stakes in 14 producing oil fields in the North Sea and interests in the associated infrastructure. Shell (NYSE: RDS.A)(NYSE: RDS.B) operates most of these properties, while Total (NYSE: TOT) is the operator of one field.