ExxonMobil plans begin winding down operations at one of the two steam crackers it operates on Singapore’s Jurong Island beginning in March, with a complete shutdown of the plan expected to be complete by June, Trixie Sher Li Yap of Reuters reports, citing four sources familiar with the matter. Over the past two years, Exxon has slowly scaled down term contract volumes with customers in Singapore, a source added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- Exxon discusses with Iraq about buying stake in West Qurna 2, Reuters says
- Exxon Mobil assumed with a Buy at UBS
- Oil Glut Jitters Hit Crude — Can Energy ETFs Compete with Gold and Bitcoin?
- 3 Best ETFs to Invest In, According to AI Analyst, 11/24/2025
- Enterprise Products to sell 40% interest in Bahia NGL pipeline to Exxon Mobil