Strong chemicals unit bolsters ExxonMobil

07/20/2011 | IndustryWeek

One of ExxonMobil's strengths has been its long-term vision for energy investments, such as its purchase of XTO Energy, according to analysts. Meanwhile, ExxonMobil's chemical unit is reaping the benefits of cheap ethane feedstock. The unit is seeing growth not only from abundant U.S. shale supplies, but also from increasing chemical demand in China and other markets, said Neil Chapman, a senior vice president.

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