Company News: ExxonMobil completes sale of stake in Sinopec

03/14/2005
ExxonMobil Corp. has completed the sale of its 3.7% stake in China Petroleum & Chemical Corp. (Sinopec) for $1.37 billion.In other recent company transactions:Kerr-McGee Corp., Oklahoma City, plans to sell or spin off its chemical business, the world's third-largest producer and marketer of titanium dioxide.Kazakhstan agreed to buy half of BG PLC's 16.67% stake in the Agip KCO consortium, which is developing Kashagan oil field and others in the northern Caspian Sea. Terms were withheld, and the transaction is expected to close by Mar. 31.Woodside Energy (USA) Inc., a subsidiary of Woodside Petroleum Ltd., Perth, Australia, formed an alliance with Explore Enterprises LLC, Covington...
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