ExxonMobil Takes $2.8 Billion Dive Offshore
March 10, 2017
ExxonMobil acquires a 25% stake in Eni’s Mozambique offshore project ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. Eni currently holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns
