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Exxon Mobil Buys Natural Gas Companies Phillips, TWP for $1.69 Billion

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - June 08, 11:15PM from (www.bloomberg.com)

The acquisition gives Exxon Mobil Corp. access to 317,000 acres in the Marcellus Shale, a gas-rich geologic formation that stretches beneath several eastern states, including Pennsylvania and West Virginia. Photographer: Eric Thayer/Getty Images


Exxon Mobil Corp. (XOM), the largest U.S. natural-ga...


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