Will This Deal Weigh Costly on Exxon Mobil’s Stock Value in the Near Term?

So far this year, Exxon Mobil Corp.’s (NYSE:XOM) shares are down 4.4 percent. On Monday, it was announced that the company along with Eni SpA (NYSE:ENI) and Royal Dutch Shell Plc (NYSE:RDSA) had agreed to fund $986 million in costs owed by Kazakhstan’s state energy producer, Kazmunaiga, for one of the world’s largest oil fields, Kashagan, reported Bloomberg. Whether Kazmunaiga will repay the trio from the project’s future revenues remains to be seen.

The first phase of production for the oil field will come by June 2013.

With the financial commitment to Kashagan, will Exxon Mobil’s largest shareholders increase their holdings? 1781 institutional firms indicated owning shares of Exxon Mobil Corp. (NYSE:XOM) in Q1 2012. These firms reported owning a total of 2.179 billion shares on 03/31/2012 . The shares closed at $86.14 on 03/31/2012.

Here are the ten largest positions in Exxon Mobil Corp. at the end of March 31st, 2012.

Vanguard group inc held 207,436,712 shares on 03/31/2012 worth $17,990,986,728.

State street Corp held 186,678,211 shares on 03/31/2012 worth $16,190,601,867.

Blackrock Institutional Trust Company N.A. held 122,449,537 shares on 03/31/2012 worth $10,620,048,755.

Bank of New York Mellon Corp held 71,612,716 shares on 03/31/2012 worth $6,210,971,099.

Wellington Management Co LLP held 66,526,083 shares on 03/31/2012 worth $5,769,807,402.

Northern Trust Corp held 63,985,096 shares on 03/31/2012 worth $5,549,427,591.

Fmr LLC held 53,816,601 shares on 03/31/2012 worth $4,667,513,985.

JPMorgan Chase & Co held 50,033,830 shares on 03/31/2012 worth $4,339,434,244.

Bank of America Corp /De/ held 44,989,085 shares on 03/31/2012 worth $3,901,903,493.

Blackrock Group Ltd held 43,197,666 shares on 03/31/2012 worth $3,746,533,717.

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