Exxon Mobil Scraps Plans to Buy Stake in Galp's Namibia Discovery, Reuters Reports
Provided by
Dow Jones
-- U.S. oil giant Exxon Mobil exited the race to buy half of Galp Energia's stake in the Portuguese energy company's major oil discovery in Namibia, Reuters reports, citing unnamed sources.
-- The reasons for the withdrawal from the process were unclear, Reuters reports.
-- Other oil-and-gas companies continue to engage with Galp on the sale, Reuters reports.
-- Galp declined to comment while Exxon Mobil didn't immediately respond when approached by Dow Jones Newswires.
Full story: https://tinyurl.com/56rbp4af
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 09, 2024 07:20 ET (11:20 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States