Weekly News Roundup: Exxon Mobil Corporation (NYSE:XOM)

Categories: News, Roundups, Stocks





Here’s this week’s round-up of Exxon Mobil Corporation (NYSE:XOM) stock briefings. Exxon Mobil Corporation (NYSE:XOM) stocks ended the week at 59.72 (as of 7/23/2010).

Weekly News Roundup: Exxon Mobil Corporation (NYSE:XOM)

Tuesday

Exxon Mobil Corporation (NYSE:XOM) will continue to be the exclusive supplier of lubricant products to Caterpillar Inc, in a deal which will continue for a number of years. The deal will cover both factories and dealers.

The two companies have been working together since 1987, and are also looking for ways to develop lubricant products which can help cut emissions.

Thursday

Exxon Mobil Corporation (NYSE:XOM), Chevron, ConocoPhillips and Shell have agreed to put forward $1 billion to set up a system to deal with underwater explosions such as the one which occurred on the BP rig a few months ago.

The companies believe that having the system in place before an accident occurs will be able to stop oil spilling into the sea after a similar incident takes place.

The system will be ready to use as soon as an incident occurs.

Friday

The Australian Competition and Consumer Commission has approved the sale of Exxon Mobil Corporation (NYSE:XOM) filling stations to 7-11, a privately held company.

The approval of the ACCC is good news for Exxon Mobil Corporation (NYSE:XOM), who recently had a deal blocked by the competition regulator with Caltex Australia Ltd.

We’ll be keeping a close eye on the Exxon Mobil Corporation (NYSE:XOM) stock level for changes over the next few weeks.


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