Previous close | 2.8300 |
Open | 3.0500 |
Bid | 2.9400 |
Ask | 3.0000 |
Strike | 117.00 |
Expiry date | 2024-05-31 |
Day's range | 3.0500 - 3.5100 |
Contract range | N/A |
Volume | |
Open interest | 37 |
(Bloomberg) -- The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Mi
ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday. ExxonMobil and its partner Eni are developing the Rovuma LNG project in offshore Area 4 in northern Mozambique, with Exxon leading the construction and operation of the onshore liquefaction and related facilities, while Eni concentrates on the Coral floating LNG and upstream operations. When TotalEnergies declared force majeure in 2021 due to an offensive by Islamic State-linked insurgents that threatened its Area 1 Mozambique LNG plant, ExxonMobil was also affected due to the development of shared and common facilities, such as an LNG jetty and offloading facility.
The Federal Trade Commission on Thursday said Exxon Mobil's $60 billion purchase of Pioneer Natural Resources could go ahead on the condition Pioneer's former CEO will not be allowed to join Exxon's board. The FTC's consent order prevents former Pioneer Natural Resources CEO Scott Sheffield from taking an offered seat on Exxon Mobil's board of directors to resolve antitrust concerns about Exxon's bid to buy the top shale oil producer.