Exxon Mobil
Corp (XOM.N)
is weighing building a full-scale trading division as it looks to counter a
more than two-year rout in oil prices, the Financial Times reported
on
Thursday, citing people familiar with the matter.
The downturn
in oil prices is prompting some Exxon executives to consider the case for
establishing a trading division that buys and sells other producers' crude and
refined products, as well as its own, the FT reported.
Exxon, the
world's largest publicly traded oil producer, is expected to report its third
quarter results on Friday. (on.ft.com/2fjJ5bH)
The company
was not immediately available for comment.
Follow Solenzo Blog on
0 Comments