Mitsui to Sell Oman Onshore Oil and Gas Interests to Kistos for $148 Million
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mitsui & Co ( (JP:8031) ) just unveiled an announcement.
Mitsui & Co. has agreed to sell all of its onshore oil and gas interests in Oman’s Block 3&4 and Block 9, held via wholly owned subsidiary Mitsui E&P Middle East B.V., to London-based Kistos Energy Middle East Limited for USD 148 million as part of a broader portfolio reconfiguration. The divestment, scheduled for completion by the fiscal year ending March 2026 subject to regulatory approvals, will generate a profit already factored into Mitsui’s earnings forecast and reflects the group’s strategy of reshaping its upstream energy portfolio while maintaining energy as a core business domain and reinforcing its financial base.
The most recent analyst rating on (JP:8031) stock is a Hold with a Yen5428.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.
More about Mitsui & Co
Mitsui & Co., Ltd. is a Japan-based global trading and investment conglomerate with core operations in energy, resources, and infrastructure, including exploration and production of oil and gas through subsidiaries such as Mitsui E&P Middle East B.V. in the Middle East. The company focuses on developing upstream energy assets while aiming to secure stable energy supply, strengthen its earnings base, and contribute to sustainable economic and social development.
Average Trading Volume: 5,566,384
Technical Sentiment Signal: Buy
Current Market Cap: Yen14182.6B
For a thorough assessment of 8031 stock, go to TipRanks’ Stock Analysis page.
