BANGKOK :ExxonMobil has agreed to sell its two-thirds stake in Esso Thailand to Thai energy firm Bangchak Corporation, the companies said in separate statements, in a deal that values the shares at 20.1 billion baht .
"ExxonMobil is focusing its investments on global production facilities to meet the world's demand for lower-emissions fuels and high-performance products, while divesting assets where others see the potential for greater value," said Karen McKee, president of ExxonMobil Product Solutions.
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