Boston, MA 09/25/2013 (wallstreetpr) – In Tuesday’s trading session, Williams Companies, Inc (NYSE:WMB) stock rose by 0.25%. The shares had an opening price of $36.51 which climbed to an intraday high of $36.83 and dropped to a close of $36.60. Approximately 3.24 million shares were traded on Tuesday while an average volume of 6.01 million shares were traded over 30 days. The 52-week low of the shares was $30.55 and the 52-week high was $38.57. The company has a market cap of $25.00 billion.
About the company
Williams Companies, Inc (NYSE:WMB) was incorporated on 3 February 1987. It is an energy-infrastructure company that focuses on connecting the hydrocarbon-resource plays in North America’s to the markets for natural gas liquids (NGLs), natural gas, and olefins. Its operations stretch from the deep-water Gulf of Mexico to the Canadian oil-sands.
Business segments
The company operates in 3 segments: Midstream Canada & Olefins, Williams Partners, and Other. Williams Companies, Inc (NYSE:WMB)’ interstate gas-pipeline and domestic-midstream interests are held via the company’s investment in Williams Partners L.P. (WPZ). The company owns the general partner interest as well as a 70 percent limited-partner stake in WPZ. It also owns a Canadian domestic and midstream olefins-production business. This processes oil sands and off-gas and produces olefins that are used for petrochemical feed-stocks. In 2012 January 2012, it completed the process of separating its businesses into 2 standalone operations.
The acquisitions
On 17 February 2012, Williams Companies, Inc (NYSE:WMB) bought 100% of the ownership-interests in some entities from Delphi Midstream Partners, LLC. On 30 April 2012, it bought Caiman Energy’s 100%-owned subsidiary, Caiman Eastern Midstream, LLC. In 2012 November, it acquired Williams Companies’ almost 83 percent interest in the Geismar olefins-production facility and Williams’ refinery-grade propylene-splitter and pipelines located in the Gulf region. In 2012 December it acquired Access Midstream Partners GP and Access Midstream Partners.
