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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.50 | -1.26% | 116.775 | 118.47 | 116.65 | 118.29 | 4,305,705 | 15:48:04 |
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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