HitecVision, a private equity firm, NEO Energy, an independent full-cycle energy business, completed the acquisition of non-operated upstream assets of ExxonMobil, a publicly traded international oil and gas company, for $1bn. "Our development plans that prioritise Guyana, the US Permian Basin, Brazil and LNG are focused on increasing earnings potential and generating strong cash flow to fund future capital investments, reduce debt and maintain a reliable dividend," Neil Chapman, ExxonMobil Senior Vice President.