NEW DELHI, INDIA--(Marketwire - Oct 29, 2012) - 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. (
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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
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
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