Corient Private Wealth Cuts ExxonMobil Stake by 18.8%
Corient Private Wealth LP reduced its ExxonMobil stake by 18.8% in Q2, selling 609,074 shares. Other holders increased positions, including California State Teachers Retirement System and GQG Partners. ExxonMobil plans to raise its Papua LNG stake from 28.7% to 34.1% and assume operatorship. Intraday weakness was linked to Pioneer’s $2.1 billion tender offer plan, and Exxon reported EPS of $3.52 versus $3.56 consensus.