Exxon (XOM) will sell its Japanese refining and marketing business to TonenGeneral Sekiyu for...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon (XOM) will sell its Japanese refining and marketing business to TonenGeneral Sekiyu for $3.9B. The deal underscores a larger trend of oil companies shedding refining businesses and turning to exploration in hopes of boosting profits. (previously)