- Exxon Mobil (XOM -0.7%) says it plans to sell its 19% interest in the Terra Nova oil project off the east coast of Canada following a review of its portfolio to ensure a deal would meet its strategic objectives.
- XOM says the decision has no impact on its other assets in Canada, which include the $14B Hebron offshore oil project off Newfoundland and Labrador as well as part ownership of the Hibernia offshore project.
- Suncor Energy (SU -1.4%) is the operator of Terra Nova with a 38% stake.
Exxon eyes sale of interest in Canada's Terra Nova oil project
Recommended For You
About XOM Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
XOM | - | - |
Exxon Mobil Corporation |