Royal Dutch Shell Plc (RDSa.L) has put its stake in the C$16.2 billion ($16.8 billion) Mackenzie gas project up for sale, as well as its natural gas fields in the Canadian Arctic, the National Post newspaper reported on Friday. The company is looking for offers on its fields in the Mackenzie River delta, as well as its stake in a planned pipeline that would carry that gas to southern markets, the paper said, citing a document announcing the asset sale. The pipeline project, approved by regulators earlier this year, is also backed by Imperial Oil Ltd (IMO.TO), ConocoPhillips (COP.N), Exxon Mobil Corp (XOM.N) and the Aboriginal Pipeline Group. Shell could not be immediately reached for comment.
Imperial Oil Limited (Imperial) is a Canada-based integrated oil company. Shares of IMO traded higher by 0.35% or $0.16/share to $46.26. In the past year, the shares have traded as low as $35.65 and as high as $55.63. On average, 434864 shares of IMO exchange hands on a given day and today's volume is recorded at 168775.
ConocoPhillips is an international, integrated energy company. Shares of COP traded higher by 0.95% or $0.72/share to $76.33. In the past year, the shares have traded as low as $48.06 and as high as $81.80. On average, 9281310 shares of COP exchange hands on a given day and today's volume is recorded at 14905314.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Shares of XOM traded higher by 0.64% or $0.525/share to $82.76. In the past year, the shares have traded as low as $55.94 and as high as $88.23. On average, 18874100 shares of XOM exchange hands on a given day and today's volume is recorded at 15814368.
