Exxon Mobil Forms Consortium While Moving the Dow
Exxon Mobil Corporation (NYSE:XOM) is among a consortium including ConocoPhillips (NYSE:COP) and BP (NYSE:BP) which is moving ahead with a project through which to export natural gas from Alaska’s North Slope as energy firms search for more lucrative markets for the product. Currently, natural gas prices are at the lowest levels in a decade because of a glut on the market, but some parts of Asia have not seen this yet. The consortium’s project could cost as much as $65 billion, says the Wall Street Journal.
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