On Thursday, Shares of Exxon Mobil Corporation (NYSE:XOM), subtract -0.65% and closed at $86.56 in the last trading session. The last trading range of the stock ranges between $85.43 and $86.87. InterOil Corporation (NYSE: IOC, POMSox: IOC) recently declared that, after the close of business on October 7, 2016, the Supreme Court of Yukon approved the pending transaction (“the transaction”) with Exxon Mobil Corporation (XOM), counting finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016.
Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court’s decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.
Schlumberger Limited. (NYSE:SLB), jumped 0.11% and closed at $81.53 in the last trading session. The last trading range of the stock ranges between $80.62 and $81.92. The company’s Market capitalization is $113.04 Billion with the total outstanding Shares of 1.39 billion. Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industry worldwide. Its Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information administration, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, in addition to integrated administration services. Its Drilling Group segment designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and related support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig administration services, in addition to bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services. Its Production Group segment provides well services comprising pressure pumping, well cementing, stimulation, and intervention services; well completion services and equipment that include packers, safety valves, and sand control technology, in addition to completions technology and equipment; artificial lifts; coiled tubing equipment and services, and slickline services; development, administration, and environmental protection services for water resources; and integrated production and production administration services.