Exxon Stock News

Nigerian independent oil and gas company, Seplat Energy has agreed to purchase an equity interest in ExxonMobil Corporation''s shallow-water business, Mobil Producing Nigeria Unlimited (MPNU). Naija News reports that the Manager, Media and Communications, MPNU, Oge Udeagha , made this known in a statement issued on Friday. Udeagha disclosed that Seplat Energy agreed to buy the assets through its wholly-owned subsidiary, Seplat Energy Offshore Limited for $1.283 billion, adding that the transaction would close later this year pending regulatory approvals. She added that ExxonMobil would retain its deepwater assets, adding that the sale of MPNU supported the company’s investment strategy and Nigeria’s efforts to enhance industry participation. Also reacting in a statement on Friday, Seplat Energy said its subsidiary, Seplat Energy Offshore Limited, had agreed to acquire the entire share capital of MPNU for a purchase price of $1.283bn plus up to $300m contingent consideration, subject to lockbox, working capital and other adjustments at closing relative to the effective date.

Seplat Energy Plc has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, Delaware. Seplat Energy Offshore Limited, a wholly owned Nigerian subsidiary of Seplat Energy Plc, has entered into a Sale and Purchase Agreement to acquire the entire share capital of MPNU for […]

ExxonMobil Corporation has disclosed the acquisition of its equity interest in its shallow-water business, Mobil Producing Nigeria Unlimited (MPNU), to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary, Seplat Energy Offshore Limited. Although the deal is subject to Ministerial Consent and other required regulatory approvals, Seplat is poised to announce the agreement to acquire the entire share capital of Mobil to the investing public both in the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE). Continue reading EXPLAINER: What Seplat’s Acquisition Of Mobil Producing Nigeria Means at BizWatchNigeria.Ng.

Nigerian independent oil and gas company, Seplat, is set to acquire the shallow-water affiliate of ExxonMobil, Mobil Producing Nigeria Unlimited.

Nigerian independent oil and gas company, Seplat, is set to acquire the shallow-water affiliate of ExxonMobil, Mobil Producing Nigeria Unlimited. The post Seplat to acquire ExxonMobil’s shallow water subsidiary appeared first on The Guardian Nigeria News - Nigeria and World News .

Inflation can be a nuisance for investors, eating away at portfolio returns. The U.S. Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. Inflation And Dividend Growers: One potential way for investors to offset the impact of inflation is to look to stocks with high dividend yields. Dividends have accounted for about 40% of overall stock market returns since 1930, according to Fidelity . Related Link: ''Another Surprise Jump'': Experts React To 7.5% CPI Inflation, Highest Since 1982 "Based on history, if high inflation is here to stay, I believe dividend growth stocks look likely to … Full story available on Benzinga.com

Exxon Mobil <> has reached a final investment decision to expand its LaBarge carbon capture and storage facility in Wyoming, which it says has captured more carbon dioxide than…

HOUSTON (ICIS)--ExxonMobil has made a final investment decision (FID) to expand its carbon-capture and storage site in LaBarge, Wyoming, the US-based energy and petrochemical producer said on Friday….

Exxon Mobil <> says it agrees to sell its shallow water assets in Nigeria to Seplat Energy, which said it paid $1.28B plus a contingent consideration of as much as $300M.

NEW YORK , Feb. 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, XOM, DELL, GD, and ABBV. … Full story available on Benzinga.com

(Bloomberg) -- Exxon Mobil Corp. reached a final investment decision on expanding a carbon capture facility at LaBarge in Wyoming with the $400 million project expected to start up by 2025.

Seplat’s shares have jumped 4.6 percent to N900 per share today as investors take position amid rallying oil prices and the company’s acquisition of ExxonMobil’s offshore shallow water assets for $1.2 billion. Prior to the announcement on Friday morning, the leading energy company’s shares had recorded gains in its share prices, triggered by the Ukraine-Russia conflict which has caused a surge in global oil prices. Seplat stock closed 7.49 percent higher on Thursday at N859.9 per share. Speaking on the acquisition, Temitope Omosuyi, Investment Strategy Analyst, Afrinvest Limited said this could be a strategy to improve its production capacity to benefit from the rallying oil prices. Yesterday, Brent oil surged to $105.79 a barrel, the highest level since August 2014. “The bullish sentiment will continue, investors are now looking for all opportunities to invest in oil whether directly, through its derivative or through a company like Seplat,” Omosuyi said. Read also: Seplat buys ExxonMobil’s Nigerian shallow water assets for $1.2bn The Transaction will create one of the largest independent energy companies on both the Nigerian and London Stock Exchanges, and bolster Seplat Energy’s ability to drive increased growth, profitability and overall stakeholder prosperity.

Seplat Energy Offshore Limited has entered into an agreement to acquire the entire share capital of the Nigerian unit of Exxon Mobil Corporation – Mobil Producing Nigeria Unlimited (MPNU). The former’s Chief Financial Officer, Emeka Onwuka, who announced this in a statement on Friday, however, said the completion of the transaction was subject to ministerial … The post Seplat announces acquisition of Nigerian unit of ExxonMobil appeared first on Okay.ng .

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London-listed Seplat Energy has agreed to buy ExxonMobil''s shallow-water oil and gas production assets in Nigeria for up to $1.58bn. The acquisition will more than double Seplat''s output.