Home / Centerstage / 2016 / march / Week 1 /
Exxon Mobil's Canadian unit, Imperial Oil, agrees to sell its remaining company-owned retail gas stations in Canada to five fuel distributors for approximately $2.1 billion. The deal involves selling 497 Esso-branded outlets across Canada to different buyers, subject to regulatory approvals. This divestment aligns with Exxon Mobil's strategy to focus on its core operations while allowing fuel distributors to expand their presence in specific regions of Canada.
Monday, 7 March, 2016