Jun 9, 2011
Shares of Exxon Mobil (XOM) are higher on a Bloomberg report the oil major spent $1.69 billion for two privately held energy explorers to gain shale-gas reserves in Pennsylvania and adjacent states.
Exxon bought XTO Energy last year, making it the largest gas producer in the US, he report said.
Exxon shares are up 0.92%, or $0.74, to $81.50.
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