Petronas Aims High with Malaysian Refinery Complex

Malaysian oil major Petronas is discussing the development of a planned $20 billion refinery complex with Shell (NYSE:RDSA), Exxon Mobil (NYSE:XOM), Dow Chemical (NYSE:DOW) and a clutch of Japanese firms.

Apparently, Petronas is looking for these companies to develop petrochemical plants within the precincts of the refinery complex.

Malaysia probably nurtures ambitions of competing with China by creating an infrastructure of this size, in the process creating a ‘Greater Singapore’.

Here’s how these companies are reacting to the news:

Royal Dutch Shell PLC Royal Dut (NYSE:RDSA): RDSA shares recently traded at $,. They have traded in a 52-week range of $ to $. Volume today was shares versus a 3-month average volume of shares. The company’s trailing P/E is , while trailing earnings are $ per share. Get the most recent company news and stock data here >>

Exxon Mobil Corp. (NYSE:XOM): XOM shares recently traded at $84.79, up $0.5, or 0.59%. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 2,199,773 shares versus a 3-month average volume of 22,705,700 shares. The company’s trailing P/E is 10.24, while trailing earnings are $8.28 per share. Get the most recent company news and stock data here >>

The Dow Chemical Company (NYSE:DOW): DOW shares recently traded at $28.72, up $0.66, or 2.35%. They have traded in a 52-week range of $20.61 to $42.23. Volume today was 2,440,657 shares versus a 3-month average volume of 11,308,800 shares. The company’s trailing P/E is 11.76, while trailing earnings are $2.44 per share. Get the most recent company news and stock data here >>