During Friday’s Morning trade, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -0.14% to $83.81.
Exxon Mobil Corporation, has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in Chalmette, Louisiana.
PBF Energy will purchase 100 percent of Chalmette Refining, LLC, which is a joint venture between associates of Petróleos de Venezuela, S.A. (PDVSA) and ExxonMobil.
The agreement comprises the Chalmette refinery and chemical production facilities near New Orleans, La. and the company’s 100 percent interests in MOEM Pipeline, LLC and 80 percent interest in each of Collins Pipeline Company and T&M Terminal Company. ExxonMobil operates Chalmette Refining, LLC and Mobil Pipeline Company, an ExxonMobil associate, operates the logistics infrastructure.
Subject to regulatory approval, change-in-control is anticipated to take place by the end of 2015. Details of the commercial agreements are proprietary.
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. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Finally, CBS Corporation (NYSE:CBS), gained 0.61%, and is now trading at $57.48.
Nexstar Broadcasting Group, Inc. (Nasdaq:NXST), declared a long-term affiliation agreement with the CBS Television Network which covers four of its owned stations counting KGPE-TV in Fresno, CA; KREX-TV in Grand Junction, CO; KLAS-TV in Las Vegas, NV and WTAJ-TV in Altoona, PA. In addition, Mission Broadcasting, Inc. reached a new agreement for WYOU-TV in Wilkes-Barre Scranton, PA.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
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