September 04, 2025 [Reuters]- ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people familiar with the matter.

The U.S. energy producer has held early-stage discussions with advisers in recent weeks on possible sales, which could fetch up to $1 billion, the newspaper said.

Reuters could not immediately verify the report.

Exxon did not immediately respond to a Reuters request for comment outside regular business hours.