Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas.
Exxon, WPX Energy Inc (WPX.N), Diamondback Energy Inc (FANG.O), Noble Energy Inc (NBL.N) and others have each paid billions since last summer to grow in the Permian.
TOKYO Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S.
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