Russian state oil company Rosneft was closing in on control of privately-held TNK-BP on Wednesday, sending its powerful boss to London for talks with 50 percent shareholder BP after the tycoons who own the other half agreed to sell.Industry and financial sources in London, Moscow and elsewhere painted a picture of a potential three-way deal that could emerge over the coming weeks.They said both the British oil company and the four Soviet-born tycoons could emerge with minority stakes in an enlarged Rosneft as well as billions of dollars in cash -- all in exchange for a highly profitable company which has been valued at over $50 billion.The combined group would dominate Russia's increasingly state-controlled oil industry, and would be producing well over 4 million barrels of oil and gas a day - more than U.S. No.1 Exxon Mobil.
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 1.09% or $1.01/share to $93.39. In the past year, the shares have traded as low as $73.90 and as high as $93.36. On average, 12336500 shares of XOM exchange hands on a given day and today's volume is recorded at 10759075.
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