ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources

THE largest bloc of petrol stations in Singapore may soon hit the market.

US energy major ExxonMobil – which is believed to have 59 petrol stations under the Esso brand in Singapore – is said to be considering a sale of these assets. The second-biggest player is Shell Singapore, which has 57 stations across the island. 

A sale by Exxon could raise about US$1 billion, according to a Bloomberg report.