Deputy Prime Minister for Energy Hussain Shahristani declared on Tuesday that Exxon Mobil Corporation (NYSE:XOM) announced on Tuesday that it is in last stages of negotiations with possible purchasers to take on the West Qurna 1 oilfield.
He declared to reporters on the sidelines of the Oil and Money conference in London that Exxon would rapidly hand over the field to a firm that had the ability to exploit it, other than he plunged to say how numerous firms there were or to identify their country of origin.
ExxonMobil has conversant the Iraqi government it wants to insert of the $50B oil project in southern Iraq.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Occidental Petroleum Corporation (NYSE:OXY) lost -1.19%, BP plc (ADR) (NYSE:BP) decreased-0.94%, TOTAL S.A. (ADR) (NYSE:TOT) which also decreased -0.29% and EnCana Corporation (USA) (NYSE:ECA) closed down -0.29%.
Exxon Mobil Corporation (NYSE:XOM) stock’s trade at beginning with a price of $86.75 and throughout the trading session climbed at a high of $87.11 other than when day-trade ended the stock finally declined -0.46% to $86.07.
The stock is going forward its 52 week low with 19.43% and lagging behind from its 52 week high price with -7.54%. XOM last month stock price volatility remained 1.42%.
XOM stock institutional ownership remained 49.80% while insider ownership included 0.01%. In its share capital XOM has 4.56 billion outstanding shares among them 4.55 billion shares have been floated in market exchange.
Company’s beta coefficient included 0.52. Beta factors measures the amount of market risk associated with market trade.