Exxon Mobil Corp's deal to purchase a majority interest in an offshore Liberia oilfield closed on Friday, an important step toward development of that country's resources. The deal, which adds heft to Liberia's nascent oil industry, comes as the impoverished West African state is seeking to overhaul its petroleum policy and bolster transparency.The agreement received final approvals from the Liberia national legislature and Liberia President Ellen Johnson Sirleaf.Exxon, which acquired an 80 percent interest in Liberia Block 13 from Canadian Overseas Petroleum Ltd, will be the project's operator.
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 1.2% or $-1.08/share to $88.69. In the past year, the shares have traded as low as $77.13 and as high as $93.67. On average, 12558500 shares of XOM exchange hands on a given day and today's volume is recorded at 4053089.
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