Exxon selling Japan unit for $3.9B to cut refining (AP)

30 January, 2012 (21:41) | great | No comments

TOKYO ? Exxon Mobil Corp. is selling its Japanese refining and marketing business to partner TonenGeneral Sekiyu K.K. in a $3.9 billion deal that reflects a long-term decline in Japan’s demand for fuel and a global strategy to refocus on exploration. TonenGeneral Sekiyu will buy 99 percent of the shares of Exxon Mobil Yugen Kaisha, [...]

Exxon Mobil profit rises 41 pct on higher prices (AP)

28 October, 2011 (18:49) | great | No comments

NEW YORK ? Exxon Mobil’s quarterly profit rose 41 percent as higher prices for oil and natural gas made up for lower production. Despite outspending other oil giants for the past few years, production dropped for the largest publicly traded oil company. Some of the declines resulted from international deals that limit the amount of [...]