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Exxon, Once a ‘Perfect Machine,’ Is Running Dry - WSJ
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Exxon mobil said 179 directly employed jobs will be at risk, along with 250 contractors
There is a possibility of 50 staff transferring to the fawley petrochemical complex 480 miles (780km) away. Exxon mobil announced on tuesday it would shut its fife ethylene plant (fep) in scotland in february 2026, saying the site is no longer competitive because of high supply costs, weak market. Exxon mobil’s fair value estimate has inched higher in the latest update, now standing at $128.44 per share compared to the previous $126.88 This change comes as analysts weigh both the company.
Exxon mobil has said its massive golden pass lng terminal is on track to be operational by the end of 2025. Founded in 1870, exxon mobil began as a humble oil company and has evolved into one of the largest publicly traded energy companies, continuously adapting to the changing global landscape.
