ExxonMobil Completes Argentina Exit

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 18.Dec.2024) — Spring, Texas-based ExxonMobil officially completed its exit from Argentina.

ExxonMobil’s exit from the South American country has been formalized through two key transactions that strengthen the positions of two Argentine companies in the prolific Vaca Muerta formation, Argentina’s most important unconventional oil and gas reservoir.