Exxon Mobil Gains 1.1%; Makes Progress Resolving Dispute with Nigeria

- Exxon Mobil Gains 1.1%; Makes Progress Resolving Dispute with Nigeria



May 25, 2011

Exxon Mobil (XOM) shares are higher on a Reuters report that the oil major and the Nigerian government are moving closer to resolving a dispute over oil licensing renewals.

The report said the renewals concern fields that produce over 500,000 barrels of oil per day.

Exxon shares are up 1.09%, or $0.87, to $82.15.

Oil & Gas Post

Promote Your Page Too