On Monday, Shares of Exxon Mobil Corporation (NYSE:XOM), gained 2.50% to $78.02.
Exxon Mobil Corporation declared it has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin.
The two agreements comprise an acquisition and farm-in adjoining XTO’s existing acreage position in Martin and Midland Counties, providing rights to all intervals within the basin. The acreage will be operated by ExxonMobil’s partner XTO Energy Inc.
ExxonMobil has executed five agreements in the Midland Basin since January 2014, providing the company with over 135,000 operated net acres.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.
Shares of Windstream Holdings, Inc. (NASDAQ:WIN), inclined 6.91% to $6.03, during its last trading session.
Windstream Holdings board of directors recently declared a quarterly dividend of 15-cents per share on the company’s common stock.
The dividend is payable to stockholders of record as of September 30, 2015.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets.
Finally, LyondellBasell Industries N.V. (NYSE:LYB), ended its last trade with 5.09% gain, and closed at $91.42.
LyondellBasell Industries declared that it has reached a definitive agreement for the acquisition of SJS Plastiblends Pvt. Ltd. (SJS), a polypropylene compounds (PPC) manufacturer, located in Aurangabad, Maharashtra, India. This planned acquisition will expand LyondellBasell’s existing footprint in India and further enhance the Company’s position in India’s growing automotive market.
Globally, India represents the fourth largest growth market for automobiles, with three million new vehicles produced each year. According to IHS Inc., India’s automotive market is predictable to continue growing by six to eight percent annually through 2021. LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009.
The acquisition agreement was signed on August 7, 2015, and the transaction is predictable to close in late 2015. This acquisition will follow the Company’s planned growth model by enhancing its competitive position in attractive markets. Until the transaction is complete, SJS will conduct business as usual and continue to provide the same level of support, service and high quality products to its customers.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers.
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