Exxon Mobil Corp. is said to be considering selling its gas stations in Singapore, a move that could generate around $1 billion.

According to sources familiar with the matter, the oil company is currently working with financial advisers to facilitate the potential sale.

Various industry players and investment funds have reportedly shown initial interest, highlighting the appeal of Exxon's assets in the region.

This decision comes as the company continues to evaluate its strategic options in response to the changing energy landscape.