ExxonMobil may sell NZ service stations and terminals, report says

Australian media are reporting that ExxonMobile may sell its NZ business. (Image: NZME)

Thu, 02 Oct 2025

Texas-based energy giant ExxonMobil, which is in the midst of laying off 2,000 staff globally, could be weighing its future in New Zealand, The Australian has reported.The paper said ExxonMobil’s NZ assets could present a major opportunity for Australian private equity and infrastructure buyers.A spokesperson for ExxonMobil NZ, approached by the Herald, said the company does not comment on market speculation.The Australian said ExxonMobil was yet to place its NZ business on the market, “but the understanding is that investment...

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