Wednesday, January 4, 2012

Exxon Mobil Corporation (NYSE:XOM) Sells North Sea Asset

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tdp2664 E money daily Apache Corporation has completed the acquisition of Exxon Mobil Corporation (NYSE:XOM)'s Mobil North Sea Limited asset. Exxon Mobil Corporation (NYSE:XOM) Sells North Sea Asset Apache Corporation said that its subsidiary Apache North Sea Limited has completed its previously announced acquisition of Exxon Mobil Corporation (NYSE:XOM)'s Mobil North Sea Limited assets including the Beryl field and related properties. G. Steven Farris, Apache’s chairman and chief executive officer said, "We are pleased to work with ExxonMobil Corporation (NYSE:XOM) in order to acquire the best North Sea assets we have evaluated since we entered the UK in 2003. These fields have significant remaining life, high production efficiency, quality reservoirs and a portfolio of low-risk exploitation projects; we also believe the complex structural setting holds reserve upside." Exxon Mobil Corp. (NYSE:XOM) stocks were at 86 at the end of the last day’s trading. There’s been a 16.7% change in the stock price over the past 3 months. Exxon Mobil Corp. (NYSE:XOM) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.07 Zack’s Rank: 1 out of 20 in the industry



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