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

Russia's Rosneft to Acquire 30% of N.Y.-Listed Oil Driller

OSLO--New York-listed North Atlantic Drilling Ltd. said Friday that Russia's OAO Rosneft would acquire 30% of its shares in exchange for cash and 150 of Rosneft's onshore drilling rigs, following a cooperation deal struck before the imposition of sanctions against Russia by the U.S., Norway and the European Union. Rosneft will also be entitled to two board members in North Atlantic Drilling, or NADL, a company controlled by Seadrill Ltd., Bermuda-based driller. Seadrill Ltd. will retain approximately 50% of NADL shares. "We are very pleased with the execution of this important transaction and welcome Rosneft as an equity partner and to our board of directors," said Alf Ragnar Lovdal, chief executive of NADL. The announcement follows a $4.25 billion deal for the employment of six NADL drilling rigs through 2022, and a long-term cooperation deal entered between Rosneft and NADL in May. That deal included an option for Rosneft to acquire NADL shares. "Rosneft, Seadrill and NADL are creating a unique international partnership which will allow Rosneft to secure its drilling program," said Rosneft Chief Executive Igor Sechin. NADL is mainly active in Norway and the U.K., but the company's West Alpha rig is currently drilling Russia's northernmost well, Universitetskaya-1 in the Arctic Kara Sea, on behalf of Rosneft and Exxon Mobil. Both Seadrill and NADL are based in Bermuda and are controlled by billionaire John Fredriksen, a Norwegian who changed his citizenship to become a Cypriot. NADL was valued Friday at 13.8 billion Norwegian kroner ($2.25 billion) in Oslo's over-the-counter market. The company was listed on the New York Stock Exchange in January 2014. The transaction is expected to close during the fourth quarter. Write to Kjetil Malkenes Hovland at kjetilmalkenes.hovland@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
03/27/201518:05:17Russia reportedly preparing for Exxon arbitration claim
03/27/201507:51:49Time To Fade Exxon
03/27/201507:41:39Market Is Not Out Of The Woods Yet - Cramer's Mad Money (3/26/15)
03/27/201507:06:02Warren Buffett's Best Dividend Stocks in 2015
03/26/201511:41:42Why Investors Don't Trust Oil to Rebound
03/26/201507:31:37The United States Shale Boom: The Reasoning For The Low Price...
03/25/201518:08:15North Dakota drilling rig count drops below 100
03/25/201515:30:00North America to Remain Competitive as Chemical Producing Region...
03/25/201510:00:02Better Big Oil Dividend: ExxonMobil Corporation or Chevron Corporation?
03/24/201506:30:00The New Commodity Kings Making A Boatload In The Oil Market
03/23/201512:23:48Current Report Filing (8-k)
03/23/201511:04:023 Retirement Stocks You Donât Have to Baby-Sit
03/23/201507:08:013 Cheap Stocks to Buy Right Now
03/22/201510:00:02Drillers or Pipelines: Which Oil Stocks Would You Rather Own...
03/21/201515:59:04Retirement Strategy: The Reward Of More Income Is Worth The Risk...
03/21/201511:00:09What Happens to Natural Gas Stocks if Cheap Gas is Here to Stay?
03/21/201510:15:08Are Oil Refiners Putting Profits Over Safety in Lawsuit Against...
03/21/201502:28:01Take These Dividends And Call Me In The Morning: Inoculation...
03/20/201514:57:46Statement of Changes in Beneficial Ownership (4)
03/20/201514:54:03Statement 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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad