American Express Co. Reports Stable Stock Price and Subsidiary Expansion
American Express Co.’s stock price has remained relatively stable in recent weeks, with a slight increase. The company’s market capitalization continues to be substantial.
AXP Energy Limited Secures Oil and Gas Leases
AXP Energy Limited, a subsidiary of American Express Co., has secured 1,400 acres of oil and gas leases in Oklahoma. This marks a significant expansion of the company’s operations in the region.
Strategic Plans and Funding
The company plans to leverage its experience and contractor network to expedite field development and advance strategic partnerships. AXP Energy Limited has received firm commitments to raise $2.7 million through a placement of shares. The funds will be used to:
- Fund gas-to-power-bitcoin mining operations
- Secure new production leases
- Drill new oil and gas wells