Log in to your IBTimes Account

close
ID
Password

Exxon Mobil to book $1.6B profit from asset sale



By AP
03 July 2008 @ 05:30 pm EST

NEW YORK - Exxon Mobil Corp. will book a $1.6 billion gain in its third quarter from the sale of its interests in a natural-gas transport business in northern Germany, the oil giant disclosed Thursday in a Securities and Exchange Commission filing.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
XOM 75.62 -0.52

SYMBOL LOOKUP

In a Form 8-K, Exxon Mobil said the deal closed Wednesday.

Last November, Royal Dutch Shell announced that affiliates of it and Exxon Mobil had agreed to sell the business of the German joint venture BEB Erdgas und Erdoel GmbH to Dutch gas transport company NV Nederlandse Gasunie.

Exxon Mobil's filing did not specify if that deal was the transaction referred to in the filing. A company representative could not be immediately reached for comment.

Exxon Mobil posted a $10.9 billion profit in the first quarter, the second-largest quarterly profit in U.S. corporate history.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
A combination of low prices, weddings, Eid and Diwali are likely to give the physical market substantial support throughout much of September - the quest...
Amid market turmoil, good mentions go to Forsys Metals, Extract Resources, Kalahari Minerals, Summit Resources and Hathor Exploration.
AirAsia, the region's biggest budget carrier, is making a risky bet. As soaring fuel prices have forced other airlines to cut back, shed jobs and ground ...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives