Thread regarding ExxonMobil Corp. layoffs

ExxonMobil Considers Selling European Chemical Plants Amid Sector Pressures

Story by Fiona Craig

ExxonMobil (NYSE:XOM) is reportedly weighing the sale of its chemical production facilities in the United Kingdom and Belgium, as the European chemical industry faces mounting challenges from U.S. trade tariffs and competitive pressures from China, according to the Financial Times on Thursday.

Sources familiar with the matter told the publication that the U.S. energy company has initiated early talks with advisers in recent weeks about potential divestments, which could be valued at around $1 billion.

The move comes as European chemical manufacturers navigate a difficult market environment, contending with both American trade measures and increased competition from Chinese producers.

https://www.msn.com/en-us/money/markets/exxonmobil-considers-selling-european-chemical-plants-amid-sector-pressures

#Chemicals #Europe
by Anonymous
| 1981 views | | 10 replies (last September 5) | Reply
Post ID: @OP+1k4ad5jnd
Comment! It's anonymous!

10 replies (most recent on top)

All the points raised below are valid and will be executed within the next 12 months without doubt.

by Anonymous
| | Reply
Post ID: @eb+1k4ad5jnd

@ag+1k4ad5jnd

No, we do not need thousands of seats at the Houston Campus drinking lattes all day. You will find that most will be embedded in the Beaumont, Baytown, and Baton Rouge operating complexes in the near future as OPEX or they will be NSI'd to shrink headcount.

by Anonymous
| | Reply
Post ID: @dm+1k4ad5jnd

@ag that’s a pretty Big Deal comment!

by MikeyLikey
| | Reply
Post ID: @bq+1k4ad5jnd

Just follow LINKEDIN posts to see who has been transferred to an ExxonMobil Chemical Plant site in Europe. Expats with financial backgrounds are preferred for pending sales of assets.

by Anonymous
| | Reply
Post ID: @bd+1k4ad5jnd

They need to sell Canadian assets and the opinionated expats from there as well.

by Maple syrup POS
| | Reply
Post ID: @b8+1k4ad5jnd

Fife just got an expat to manage the site which is a good sign of an impending sale.

by Anonymous
| | Reply
Post ID: @b3+1k4ad5jnd

@aw+1k4ad5jnd

Many of the quads at the Spring Campus can be converted to townhouses or condos. Who knows, they may also be converted to a Marriott or Hilton hotel.

by Anonymous
| | Reply
Post ID: @b0+1k4ad5jnd

Spring Campus in it's current form is next. Big d-mb expensive idea which never paid off, unless the real estate will give a good return.

by Anonymous
| | Reply
Post ID: @aw+1k4ad5jnd

The final details of the sale is being negotiated now and is expected to close in 1Q2026. The Financial Community routinely leaks this type of information on behalf of the client, ExxonMobil, to the press in advance of the transfery.

Bottom line, THE SHIP HAS SAILED.

by Anonymous
| | Reply
Post ID: @as+1k4ad5jnd

Considering means they have made a decision and looking for a buyer

Another one bites the dust

Given there’s basically just Midland and Guyana left, and a few refineries do we really need thousands sitting at the campus drinking lattes all day?

by Anonymous
| | Reply
Post ID: @ag+1k4ad5jnd

Post a reply

: