Exxon Mobil Corporation (NYSE:XOM) To Sell Subsidiary In $3.9bn Deal

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tdp2664 E money daily Exxon Mobil Corporation (NYSE:XOM) has decided to press ahead with the sale of its Japanese subsidiary to TonenGeneral. Exxon Mobil Corporation (NYSE:XOM) To Sell Subsidiary In $3.9bn Deal As a part of the move to restructure its operations in the country, the oil giant Exxon Mobil Corporation (NYSE:XOM) is planning to sell its Japanese business to refiner TonenGeneral in a deal worth $3.9 billion. Exxon Mobil Corporation (NYSE:XOM) said that "the deal will result in a single, integrated downstream business better positioned to meet Japan’s energy needs and is expected to be completed by June." Exxon Mobil Corp. (NYSE:XOM) shares were at 85.83 at the end of the last day’s trading. There’s been a 5.3% movement in the stock price over the past 3 months. Exxon Mobil Corp. (NYSE:XOM) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.13 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.2 Zack’s Rank: 3 out of 19 in the industry