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Mobil sold some Houston land for $34 million.

The nation’s second-largest oil company sold the 28-acre tract to a private investor. The sale is part of Mobil’s program to divest former Superior Oil assets--and other assets unrelated to its oil and gas business--to reduce the $5.7-billion debt that it took on to buy Superior last October.

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

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