Trump 'inclined' to keep Exxon out of Venezuela
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LONDON, Jan 14 (Reuters) - Shell and Exxon Mobil have halted a planned sale of their natural gas assets in Britain's Southern North Sea to Viaro Energy, Shell said in a statement on Wednesday. "Despite a constructive process, completion conditions were not met as commercial and market conditions evolved," a Shell spokesperson said.
Investing.com -- Shell and Exxon Mobil have decided not to move forward with their planned sale of natural gas assets in the UK southern North Sea to Viaro Energy, according to a statement from Shell. The companies abandoned the deal after "completion conditions were not met as commercial and market conditions evolved," Shell said in its statement.
Exxon Mobil stock remains a "Buy" with a plan for $25 billion in earnings and $35 billion in cash flow by 2030. Learn more about the oil company's potential.
President Donald Trump signaled that Exxon Mobil (NYSE:XOM) could be excluded from his effort to bring US oil majors back into Venezuela, after expressing dissatisfaction with the company's response to his initiative.
Shell and Exxon Mobil have halted a planned sale of their natural gas assets in Britain's Southern North Sea to Viaro Energy, Shell said in a statement on Wednesday.
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