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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eni Spa | BIT:ENI | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.138 | -0.90% | 15.136 | 15.11 | 15.20 | 15.438 | 15.116 | 15.344 | 8,355,224 | 17:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Exxon Mobil Corp. (XOM) said Thursday it agreed to sell its non-operated upstream assets in Norway to Eni SpA's (ENI.MI) majority-owned Var Energi AS for $4.5 billion.
The Houston energy company said the sale, which it expects to complete by the end of the year, is part of its previously announced plans to sell about $15 billion in non-strategic assets by 2021.
Exxon said the sale includes ownership interests in more than 20 producing fields operated mostly by Equinor ASA (EQNR.OS), with combined production of roughly 150,000 oil-equivalent barrels a day.
Eni last year merged its Eni Norge AS unit with Point Resources AS, owned by private-equity firm HitecVision A/S (HITV.NO), to form Var Energi. Eni owns 69.6% of Var, with HitecVision holding 30.4%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 26, 2019 13:20 ET (17:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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