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 [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
01/16/201709:00:00InterOil Files Management Information Circular for Proposed Transaction...
01/13/201718:49:00Marco Rubio's Vote Is Key for Secretary of State Nominee
01/13/201717:44:00Zamansky LLC Appointed Lead Counsel in ERISA Lawsuit for all...
01/13/201704:56:00PetroVietnam, Exxon Mobil Sign Agreement to Continue Joint Gas...
01/12/201708:30:00ExxonMobil Announces New Oil Discoveries Offshore Guyana
01/11/201722:49:00Exxon Active in Sanctions Debates, but Rex Tillerson Denies Lobbying
01/10/201721:18:00Rex Tillerson May Seek Unusual Tax Strategy
01/10/201703:02:00Energy Shares Lead S&P 500 Down -- WSJ
01/09/201716:50:00Inside Rex Tillerson's Negotiating Style: Cozy With Power, Unbending...
01/09/201716:40:00Dow Retreats After Flirting With 20000
01/06/201716:40:00NOTICE TO CURRENT AND FORMER EXXON (XOM) EMPLOYEES: Zamansky...
01/05/201715:53:33Initial Statement of Beneficial Ownership (3)
01/05/201715:06:54Statement of Changes in Beneficial Ownership (4)
01/05/201715:04:55Statement of Changes in Beneficial Ownership (4)
01/05/201714:57:50Statement of Changes in Beneficial Ownership (4)
01/05/201714:49:22Statement of Changes in Beneficial Ownership (4)
01/05/201714:45:59Statement of Changes in Beneficial Ownership (4)
01/05/201714:41:10Statement of Changes in Beneficial Ownership (4)
01/05/201714:32:56Statement of Changes in Beneficial Ownership (4)
01/05/201714:20:07Statement of Changes in Beneficial Ownership (4)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US