The stock of ExxonMobil (NYSE: XOM) is experiencing a decline as reports suggest the company is looking to divest parts of its European chemical business. This move comes as the industry faces challenges such as U.S. tariffs, high energy costs, and increased competition from China. ExxonMobil has been actively reducing its presence in Europe, often engaging in disputes with Brussels over regulatory policies that it believes contribute to high energy costs and deter investors. For instance, it has already agreed to sell its French chemical operations and a controlling stake in Esso SAF to North Atlantic's French unit. The company has also reportedly held preliminary discussions with advisors regarding potential divestments that could generate up to $1 billion in proceeds, as per a report by Financial Times. Additionally, there have been discussions about ExxonMobil's interest in returning to Russia, with talks being held with Rosneft.