ExxonMobil to sell Malaysia oil and gas assets to state energy firm Petronas

ExxonMobil to sell Malaysia oil and gas assets to state energy firm Petronas

FILE PHOTO: A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain

Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.