Opening Mexico's oil sector to foreign investors would be a "win-win" for all involved, an Exxon Mobil Corp executive said on Thursday.Mexico's Congress on Thursday passed a landmark reform to let private investors into the country's ailing energy sector, the biggest shake up of the state-run industry in 75 years."To put it bluntly, we believe that would be very good for the people of Mexico," William Colton, the company's vice president of corporate strategic planning, told reporters on a webcast from Washington before Mexico's lower house gave final approval to the reform."We think that would be a win-win if ever there was one," he said.
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 1.05% or $0.99/share to $95.25. In the past year, the shares have traded as low as $84.70 and as high as $96.25. On average, 12419900 shares of XOM exchange hands on a given day and today's volume is recorded at 9825752.
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