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The oil giant said tuesday that it was acquiring assets from a chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.
Exxon is considering selling plants in the uk and belgium, the people said The company owns an ethylene plant in the scottish town of fife, as well as several production sites in belgium. Exxon is considering selling or shutting its chemical plants in belgium and the uk as eu tariffs, regulation, and chinese competition squeeze profitability. Exxon plans to deliver $20 billion in additional earnings by 2030
It also aims to increase its annual cash flow by $30 billion during that period The oil company's strategy would provide it with.
