ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

CST Brands to Acquire General Partner of Lehigh Gas Partners

By Tess Stynes CST Brands Inc. (CST) agreed to acquire the membership interests of Lehigh Gas GP, the general partner of Lehigh Gas Partners LP (LGP), for a total consideration of roughly $85 million. San Antonio-based CST, a retailer of motor fuels and convenience merchandise, expects the deal will eliminate upfront costs and market risks of pursuing forming a master limited partner consisting of CST-only assets through an initial public offering. The deal includes $17 million in cash and roughly 2.044 million shares of CST common stock. CST said the transaction, expected to close early in the fourth quarter, will create a platform with fuel distribution and retail operations expertise. Lehigh Gas Partners Chairman and Chief Executive Joe Topper will continue as president and CEO of Lehigh Gas Partners and join CST Brands' board. Allentown, Penn.-based Lehigh Gas Partners is a wholesale motor fuels distributor and is affiliated with several major oil brands, including Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), BP PLC (BP, BP.LN) and Royal Dutch Shell PLC (RDSA, RDSA.LN). The transaction doesn't involve any of the common or subordinated units of Lehigh Gas Partners, which will continue to operate as a separate, publicly-traded MLP. Separately, CST Brands's board also authorized the repurchase of $200 million of the company's shares. CST Brands and Lehigh Gas Partners plan to provide more details in a conference call set for Thursday at 10 a.m EDT. CST shares rose 14% to $38.25 in recent after-hours trading. Lehigh Gas Partners' units rose 12% to $29. Write to Tess Stynes at tess.stynes@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
07/25/201613:50:00Exxon, Saudi Firm Mull Petrochemical Joint Venture
07/25/201613:10:00Exxon, Saudi Firm Seek to Build Petrochemical Plant on U.S. Gulf...
07/25/201612:46:00Sabic, Exxon Mobil Affiliate Consider JV Petrochemical Complex...
07/25/201609:00:00ExxonMobil to Release Second Quarter 2016 Financial Results
07/25/201608:35:00SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on...
07/25/201603:03:00Summer Offers Refiners No Relief -- WSJ
07/24/201623:10:00BP Tries to Regain Its Footing With the 2010 Spill Behind It
07/23/201605:59:00Fuel Glut Keeps Pressure on Refiners' Profit
07/22/201617:44:00Correction to InterOil Article on Monday
07/22/201616:41:00Correction to InerOil Article on Thursday
07/21/201614:56:00Exxon Wins Bidding War for InterOil After Oil Search Pulls Out...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/20/201621:30:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201621:03:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon...
07/20/201620:51:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201614:33:00ExxonMobil to Expand Specialty Elastomers Capacity at Newport...
07/19/201608:55:00Exxon: Gas Compressor Shut Down at Beaumont Refinery
07/19/201603:03:00Exxon's $2.5 Billion Bid For InterOil Tops Rival's -- WSJ
07/18/201612:15:00Exxon Trumps Oil Search Bid for InterOil -- 2nd Update

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad