Exxon Mobil stock price rises after-hours as XTO shops $1 billion Eagle Ford assets ahead of Q4 results
Exxon Mobil shares edged up about 1% to $134.97 in after-hours trading Friday following reports that its XTO Energy unit is gauging interest from buyers for certain Eagle Ford shale assets. The package covers roughly 168,000 net acres in South Texas — acreage adjusted for Exxon’s ownership share — and is valued at over $1 billion. Sources say XTO has set up a secure online data room for bidders and is conducting the sale internally, without tapping investment banks. An Exxon spokesperson described the move as part of a strategy to “continually evaluate and optimize” its portfolio, a push coming as U.S. crude prices remain about 18% below last year’s levels and following the company’s $60 billion acquisition of Pioneer Natural Resources in 2024.
