Following November 2019 annoncement of a major divestment programme, news is that ExxonMobil Corporation may be looking into selling its entire Germany's domestic upstream and production portfolio. Although details on the process are scarce, it is believed that the company may go ahead with the divestiture programme still during the first half of 2020.  ExxonMobil is active in Germany through its subsidiaries ExxonMobil Produktion GmbH (EMPG), Mobil Erdgas-Erdoel GmbH (MEEG) and a joint-venture company BEB Erdgas-Erdoel GmbH (BEB) (held 50/50 with Shell E&P). The company is holding stake in close to 100 exploration and production contracts, especially those related to sour gas.
Following November 2019 annoncement of a major divestment programme, news is that ExxonMobil Corporation may be looking into selling its entire Germany's domestic upstream and production portfolio. Although details on the process are scarce, it is believed that the company may go ahead with the divestiture programme still during the first half of 2020. 