Exxon to sell Nigerian shallow water oil assets for more than $1.3B

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  • Exxon Mobil (XOM) says it agrees to sell its shallow water assets in Nigeria to Seplat Energy, which said it paid $1.28B plus a contingent consideration of as much as $300M.
  • Seplat said it is acquiring a 40 % operating stake in four oil leases, which will nearly triple its annual net production to 146K boe/day, the Qua Iboe export terminal, and a 51 % stake in the Bonny River natural gas liquids terminal; the deal excludes Exxon's deepwater fields in Nigeria.
  • Exxon said the sale will allow it to "prioritize competitively advantaged investments in our strategic assets, and it supports the Nigerian government's efforts to grow its oil and gas operations."
  • Russia's attack on Ukraine could have short-term effects, but the macro oil picture remains extremely strong.

    For this year the company, based in Irving revenue will be around 389.81 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 276.69 billion USD.

    Historical revenues and results Exxon Mobil plus estimates 2021

    koersdata

    The analysts expect for 2021 a net profit of 36.31 billion USD. The majority of the analysts expects for this year a profit per share of 9.35 USD. Based on this the price/earnings-ratio is 9.24.

    Huge dividend Exxon Mobil

    Analysts expect a dividend of 3.56 USD per share. The dividend yield is then 4.12 percent. The average dividend yield of the oil & gas producers equals an attractive 2.91 percent.

    Exxon Mobil 's market capitalization is based on the number of outstanding shares around 365.77 billion USD. 55

    At 16.12 the stock trades 0.16 percent higher at 86.41 USD.

    Historical stock prices Exxon Mobil period 2007-2021

    fundamental data exxonmobil

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