Exxon Mobil Corporation (NYSE:XOM) Shares Gain


Dallas, Texas 11/19/2013 (Financialstrend) – In Monday’s trading session, Exxon Mobil Corporation (NYSE:XOM) rose by 0.19%. The shares opened at a price of $95.98, which touched the intraday high of $96.00 and headed to a close of $95.45. Around 14.25 million exchanged hands over the trading day and an average volume of 13.20 million shares were traded over a 30 day period. The 52-week low of Exxon Mobil Corporation (NYSE:XOM) shares is $84.70 and its 52-week high is $96.00. The company has a market capitalization of $417.02 billion.

About the company

Exxon Mobil Corporation (NYSE:XOM) was formed in 1882. It is a manufacturer & marketer of commodity-petrochemicals, lke olefins, aromatics, polyethylene & polypropylene plastics & a variety of specialty products. The company also has interests in electric-power-generation facilities. Exxon Mobil Corporation (NYSE:XOM) has numerous divisions & affiliates with names like ExxonMobil, Esso, Exxon or Mobil. Divisions & affiliated companies under ExxonMobil operate / market products in the U.S as well as in other countries across the globe. Their primary business is energy.

This involves the exploration & production of, crude oil & natural gas, the manufacture of petroleum-products & transportation as well as sale of crude oil, natural-gas and petroleum products. In 2012 January, Apache Corporation bought Exxon Mobil Corporation (NYSE:XOM)’s Mobil North Sea Limited assets. These include the Beryl field & related properties. In 2013 April, BNK Petroleum Inc. sold Tishomingo Field, the Oklahoma assets apart from the Caney &  upper Sycamore-formations to XTO Energy Inc. the latter is a subsidiary of Exxon Mobil Corporation (NYSE:XOM).

Syncrude is a JV established to recover shallow-deposits of oil sands with the use of open-pit mining methods for the extraction of the crude bitumen & then upgrade that to produce a sweet, light, synthetic crude-oil. Imperial Oil Limited owns a 25% stake in this joint venture. Exxon Mobil Corporation (NYSE:XOM) has a 69.6% stake in Imperial Oil Limited