Exxon Mobil Corp is in talks with Turkey's TPAO to purchase a stake in a block in the Black Sea, and the country is on the hunt for shale gas in its own territory, the acting head of the state-owned energy company said on Tuesday."ExxonMobil wants to be in the Black Sea with us, in deep offshore," TPAO's acting president and chief executive, Besim Sisman, told Reuters on the sidelines of an industry conference."It's on the Ukraine and Romania side," he added, without giving further details on the talks between Turkey's state owned energy company and Exxon, the world's largest publicly-traded oil company.An Exxon spokesman said the company did not comment on commercial discussions.
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 0.29% or $-0.26/share to $90.86. In the past year, the shares have traded as low as $79.78 and as high as $93.67. On average, 13154700 shares of XOM exchange hands on a given day and today's volume is recorded at 3722320.
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