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Posted on 457 ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices. The sale includes ExxonMobil’s interests in 14 producing fields in the UK North Sea, ...

Exxon Mobil Corporation: ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets Sale price of more than $1 billion advances divestment plans, further focusing portfolio on advantaged assets ExxonMobil retains extensive refining and fuels marketing, lubricants, petrochemicals production and natural gas marketing business in the U.K. ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Federal Tax Credit Extended for Rinnai America Corporation Customers February 9, 2021 GMT PEACHTREE CITY, Ga., Feb. 9, 2021 /PRNewswire/ -- Rinnai America Corporation, manufacturer of the number-one selling brand of Tankless gas Water Heaters in North America, announces the extension of Federal Tax Credits on residential energy efficiency products for their customers; qualifying products include tankless water heaters and boilers. Homeowners who have made energy-efficient improvements, including an upg...

Press release content from Business Wire. The AP news staff was not involved in its creation. Tan Sri Wan Zulkiflee Wan Ariffin Joins ExxonMobil Board of Directors February 2, 2021 GMT IRVING, Texas--(BUSINESS WIRE)--Feb 2, 2021-- Exxon Mobil Corporation (NYSE:XOM) said today that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. ADVERTISEMENT In his role as president and CEO at Petronas, Wan Zulkiflee led strategic growth and effi...

Press release content from Business Wire. The AP news staff was not involved in its creation. Len Fox Elected as Controller, Corporate Vice President; David Rosenthal to Retire February 1, 2021 GMT IRVING, Texas--(BUSINESS WIRE)--Feb 1, 2021-- The Exxon Mobil Corporation (NYSE:XOM) board of directors has elected Len M. Fox as vice president and controller for the company, effective March 1, 2021. Fox will replace David Rosenthal, who is anticipated to retire on or about July 1, 2021. ADVERTISEMENT Fox has worked for ExxonMobil since 1988, starting as an analyst in Exxon Coal and Minerals cont...