YPF SA (NYSE:YPF): Argentina halted a program that was intended to boost incentives for energy exploration and production for companies including YPF SA (NYSE:YPF) and Petrobras Argentina (NYSE:PZE), Bloomberg reports, citing an email from the government’s Planning Ministry.
The shares closed at $32.20, down $3.07, or 8.7%, on the day. Its market capitalization is $12.66 billion.
EXCO Resources Inc (NYSE:XCO) announced that it has entered into an agreement granting a forty-five day exclusivity period to an unaffiliated private infrastructure fund to negotiate the sale of a one-third equity interest in TGGT Holdings, LLC. EXCO anticipates that an affiliate of BG Group plc (BRGYY) will participate in the sale transaction on a pro rata basis. EXCO expects a purchase price in excess of $400M for the equity interest. TGGT Holdings, LLC owns and operates midstream gathering and transportation assets in East Texas and North Louisiana and is a joint venture entity owned 50/50 by affiliates of EXCO Resources, Inc. and BG Group plc.
The shares closed at $6.98, down $0.26, or 3.59%, on the day. Its market capitalization is $1.50 billion.
Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Royal Dutch Shell plc (NYSE:RDS.A): After a Washington Post columnist reported that Defense Secretary Leon Panetta believes that Israel is likely to attack Iran this Spring, Panetta refused to dispute the report, according to Associated Press.
XOM shares closed at $84.92, up $1.39, or 1.66%, on the day. Its market capitalization is $402.01 billion.
CVX shares closed at $105.50, up $1.81, or 1.75%, on the day. Its market capitalization is $210.10 billion.
RDS.A shares closed at $72.48, up $0.74, or 1.03%, on the day. Its market capitalization is $228.74 billion.
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