4 Energy Stock Stories To Conclude the Trading Week
Exxon Mobil Corporation (NYSE:XOM): Closing price $90.74
Inside sources said Friday that owners of prospective United Kingdom shale acreage have turned aside interest indicated from four of the largest oil firms on earth: Exxon Mobil, Royal Dutch Shell, Total, and Statoil, in favor of a deal with Centrica. Britain’s number-one energy retailer Centrica, which owns British Gas, was chosen because of its perceived ability to maneuver through political risks with facility, according to the source. The U.K. Energy Minister Michael Fallon commented in a statement that “Centrica’s expertise in the energy sector as both an operator and developer provides a welcome boost for the growth of shale gas in the U.K.” Meanwhile, Centrica said that it would invest as much as $156.8 million in the Bowland shale formation.
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