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Exxon To Sell All Stakes Off Norwegian Fields

By John F. Heerdink, Jr.
Reportedly, Exxon Mobil will be selling all of the stakes that it holds in oil and gas fields located off the Norwegian coast. Exxon had sold its operated assets in the area two years back and was currently in possession of more than 20 fields, including the Equinor-operated Snorre and Shell-operated Ormen Lange. As per 2017 data, net production for the U.S Oil major from Norway was an approx. of 170,000 barrels of oil per day. Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates.

Exxon Mobil says may sell all stakes in offshore Norwegian fields -newspaper

Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv. Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. In 2017, Exxon Mobil’..
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