On June 29, 2022, ExxonMobil announced that its Canadian affiliates, Imperial and ExxonMobil Canada, had agreed to sell XTO Energy Canada to Whitecap Resources Inc. The transaction, valued at CA$1.9 billion (U.S. $1.47 billion), was set to conclude by the end of the third quarter, pending regulatory approvals. This sale marked the completion of ExxonMobil's marketing initiative introduced in January and aligned with the company's aim to channel upstream resources towards primary assets, ensuring sustained value for shareholders. The assets involved in the deal comprised 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale, and additional territories across Alberta. These assets produced approximately 140 million cubic feet of natural gas daily and around 9,000 barrels of crude, condensate, and natural gas liquids. RBC Capital Markets served as the exclusive financial advisor to Imperial and ExxonMobil Canada during this transaction.