Stock market quotes, forex, financial news, forex tools – money-investing.com

Americans from ExxonMobil sell Norwegian assets

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
Americans from ExxonMobil sell Norwegian assets
September 27
13:00 2019

ExxonMobil, an American oil and gas company, has issued a press release. The document says that an important agreement has been reached between the US oilmen and the Norwegian company Var Energy. It’s about the sale of company assets, which are in this Scandinavian country. Exploration and oil production sites will be sold for $ 4.5 billion.

ExxonMobil has shares in more than two dozen fields in Norway. The total production is estimated at 150 thousand barrels per day.

In principle, the deal came as no surprise to the global financial community, as it is being implemented as part of a long-announced optimization program. The Americans intend to get rid of non-core assets totaling $ 15 billion in two years.

Due to this news, Exxon shares have slightly dropped (0.3%). Nevertheless, since the beginning of the year, the capitalization of the American giant has risen to the level of 301.89 billion US dollars (in relative terms – by 4.3%).

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment