Exxon Looks Into European Asset Sale

ExxonMobil Weighs Exit from European Chemical Plants

Background Europe’s chemical industry has been under heavy strain since the 2022 energy crisis. U.S. tariffs and rising competition from cheaper Chinese imports have made recovery harder for Western producers, forcing many to downsize operations. What Happened The Financial Times reported ExxonMobil is considering selling chemical plants in the UK (Fife ethylene site) and Belgium. […] The post ExxonMobil Weighs Exit from European Chemical Plants…

Exxon Looks Into European Asset Sale

Exxon is considering the sale of chemical production facilities in Europe, after the European Union sealed a controversial tariff deal with President Trump that will increase the burden on businesses operating in Europe. Intense competition from China is another reason for the move, the Financial Times reported, citing sources in the know. The sources said the facilities considered for sale are located in Belgium and the UK. The publication note…

ExxonMobil eyes $1 billion sale of chemical plants in UK and Belgium

ExxonMobil is considering the sale of its European chemical plants, specifically targeting facilities in the UK and Belgium,

ExxonMobil Eyes Sale of European Chemical Plants

ExxonMobil is exploring the sale of its European chemical plants, a strategic shift that could reshape its global operations amid evolving energy markets. The potential divestiture, reported by Bloomberg, signals a focus on high-growth regions and cleaner energy investments.The oil giant’s European assets, including facilities in France and Germany, produce petrochemicals critical for plastics and industrial products. Rising energy costs and str…

ExxonMobil explores possible sale of chemical plants in Belgium and UK

US oil company ExxonMobil is exploring the possible sale of its European chemical plants in Belgium and the UK, the Financial Times reports, based...