Exxon Mobil Corp (XOM.N) signed deals to sell 84 convenience store locations to 7-Eleven and Alimentation Couche-Tard Inc (ATDb.TO) in Texas and Louisiana, the companies said on Tuesday. The deal to sell 51 sites in North Texas to 7-Eleven is expected to close late this year. No terms were disclosed. Exxon has also agreed to sell 33 stores in Southern Louisiana to Couche-Tard. The stores will operate under the Circle-K brand, the company said. Canadian convenience store operator Couche-Tard did not disclose the price, but said the purchases would be funded with available cash.
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 fell by 1.16% or $-0.861/share to $73.43. In the past year, the shares have traded as low as $58.05 and as high as $88.23. On average, 22702100 shares of XOM exchange hands on a given day and today's volume is recorded at 11135029.
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