Financial Review on Basic Materials Stocks Exxon Mobil Corp. and BP plc -- Oil and Gas Companies Investing and Divesting

Mon Oct 29, 2012 10:07am EDT

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  NEW DELHI, INDIA, Oct 29 (Marketwire) -- 
Oil prices fell again recently, as crude supplies in the U.S. increased
more than expected and soft European data put a damper on expectations
overseas. While lower oil prices are a concern, the major integrated oil
& gas industry has been awash with news of its own as of late, as a
number of industry players, such as Exxon Mobil Corp. (NYSE: XOM) and BP
plc (NYSE: BP), have been taking steps to improve their operations. The
Major Integrated Oil & Gas industry has seen the above updates lately.
And members can today access complimentary reports for two companies,
Exxon Mobil Corp. and BP plc, serving this industry by following this
link 

    http://www.street-wire.com/register.php 

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    Strategic expansions have been a popular route for improving sales and
earnings in 2012, and Exxon Mobil Canada, a subsidiary of Exxon Mobil,
has been active in this regard. The company stated that it has come to an
agreement with Celtic Exploration Ltd., whereby an affiliate of Exxon
Mobil Canada will acquire Celtic. The deal will significantly increase
the company's oil and natural gas production capabilities. Exxon Mobil
Corp. financial analysis available by signing up for free at

    http://www.street-wire.com/XOM29102012.pdf 

    Select companies have also been looking to improve their positions by
divesting themselves of non-core assets. BP falls into this category, as
it newly announced that it has reached an agreement to sell its Texas
City, Texas refinery, as well as some of its retail and logistics
network. BP is looking to focus on its three northern refineries.
Street-Wire.com posted financial analysis on BP plc today, members can
access it at

    http://www.street-wire.com/BP29102012.pdf 

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