Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Exxon Mobil Corporation (NYSE:XOM) dropped by 0.78%. The opening price of the shares was $95.75, which climbed to an intraday high of $95.95 and headed to close at $94.68. Approximately 10.46 million shares were traded on Wednesday while the average-volume of 13.22 million shares were traded over a 30 day period. The 52-week low of Exxon Mobil Corporation (NYSE:XOM) shares is $84.70 while the 52-week high is $96.00. The company has a market capitalization of $413.66 billion.
About the company
Exxon Mobil Corporation (NYSE:XOM) was formed in 1882. It is a manufacturer & marketer of commodity-petrochemicals. This includes olefins, polyethylene, aromatics, and polypropylene-plastics and a variety of specialty-products. The company also has some interests in electric-power generation facilities. Exxon Mobil Corporation (NYSE:XOM) has numerous divisions & affiliates and include Exxon, Esso, ExxonMobil, or Mobil.
Divisions & its affiliated companies of Exxon Mobil Corporation (NYSE:XOM) either operate / market its products in the U.S and various other countries across the globe. Their main business is energy. This involves exploration for & production of, crude oil & natural-gas, the manufacture of different petroleum-products & transportation as well as the sale of crude oil, natural gas & petroleum products.
In 2012 January Apache Corporation bought Exxon Mobil Corporation (NYSE:XOM)’s Mobil North Sea assets. These included the Beryl field & its related properties. In 2013 April , BNK Petroleum Inc. sold Tishomingo Field, the Oklahoma assets apart from the Caney & upper Sycamore-formations to XTO Energy. The latter is a subsidiary of Exxon Mobil Corporation (NYSE:XOM). Syncrude is a JV that has been established to recover the shallow-deposits of oil sands with the use of open-pit mining methods via which crude bitumen is extracted and then it is upgraded it to produce a sweet, light as well as a synthetic crude-oil.