Imperial Oil Ltd said on Monday that it would sell its interest in certain oil and gas assets in Western Canada to Whitecap Resources Inc for about C$855 million ($771.14 million). Calgary-based Imperial Oil, which is majority owned by Exxon Mobil Corp, said the assets in British Columbia and Alberta had produced about 15,000 oil-equivalent barrels per day in 2013 on a net before-royalty basis.The transactions is expected to close in May.
Imperial Oil Limited (Imperial) is an integrated oil company. Shares of IMO traded higher by 0.04% or $0.02/share to $45.95. In the past year, the shares have traded as low as $37.09 and as high as $46.72. On average, 246464 shares of IMO exchange hands on a given day and today's volume is recorded at 449101.
Exxon Mobil Corporation 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 0.18% or $-0.17/share to $93.47. In the past year, the shares have traded as low as $84.79 and as high as $101.74. On average, 12793300 shares of XOM exchange hands on a given day and today's volume is recorded at 11733015.
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