Exxon Mobil Corp (XOM.N) said on Wednesday that, along with Hess Corp (HES.N) and Petrobras (PETR4.SA), it was looking for a fourth partner for a Brazilian offshore block. The companies "have agreed to seek a fourth coventurer in the BM-S-22 Block in the Santos Basin offshore Brazil," Exxon spokesman Patrick McGinn said in an email. "We are continuing to plan our next steps on BM-S-22 Block." The Santos basin is home to the Tupi prospect, which, when it was discovered in 2007, was the largest oil discovery in the Americas in two decades. Exxon said it remains interested in future opportunities in Brazil.
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 1.08% or $0.79/share to $73.62. In the past year, the shares have traded as low as $62.43 and as high as $88.23. On average, 26767400 shares of XOM exchange hands on a given day and today's volume is recorded at 17791824.
Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P), and Marketing and Refining (M&R). Shares of HES traded higher by 2.05% or $1.065/share to $53.02. In the past year, the shares have traded as low as $46.66 and as high as $87.40. On average, 5027470 shares of HES exchange hands on a given day and today's volume is recorded at 2914999.
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