Entries from Chemicals & The Economy tagged with 'ExxonMobil'
ExxonMobil suggests $60-$70/bbl oil
The CEO of ExxonMobil, Rex Tillerson, has provided powerful support for the blog's long-held view that oil prices are well out of line with fundamentals. He told the US Senate that: "If you said: 'If I had access to the...
ExxonMobil sees Integration as key strength
The blog is a great believer is learning from the secrets of the world's most successful chemical companies. Thus it was fascinated to read a report by ICIS's Stephen Burns of a major speech by ExxonMobil (EM) president Stephen Pryor....
Aromatics face challenges ahead
Attendees had a fascinating two days at our annual European Aromatics & Derivatives Conference in Berlin this week. As always, it was co-organised with ICIS, and featured a strong list of speakers: Sven Royall, VP at Shell Chemicals, put forward...
Shell focuses on profitable upgrading of hydrocarbons
Business models have been changing over the past decade in the chemical industry, as illustrated in the above chart. Initially, the dotcom era began to put pressure on former 'specialty businesses', as customers discovered they were paying over the odds...
Saudi Aramco to extend shale gas search
The summer has seen several reports of reductions in ethane availability to Saudi petchem plants. This seems to have been due to two causes: • Saudi has cut back oil production by a third (4mbd) in order to comply with...
Strong speaker line-up for European Aromatics conference
Our 9th European Aromatics and Derivatives Conference will be held in Berlin on 23-24 November. Co-organised as always with ICIS, it features a strong line-up of industry speakers including: • Shell Chemicals, Sven Royall, VP Intermediates on 'What next for...
Deepwater Horizon raises 'licence to operate' issues
The chemical industry can be very proud of what it has achieved with the Responsible Care programme since 1985. But it may need to consider how this develops, in the light of the Deepwater Horizon disaster. One key question emerged...
Ralf Kuhlmann retires
The blog sends its very best wishes to Ralf Kuhlmann of ExxonMobil, who retires this week as Business Director, Basic Chemicals Europe. The phrase "a pillar of the industry" might have been invented to describe Ralf. He was President of...
Opportunities for the New Decade
Over the past century, many parts of the world have seen an extraordinary increase in living standards and life expectancy. As the Financial Times notes, we used to marry at c15 years, become grandparents at c30 and die at c45....
The blog in 2009
The blog is now 2.5 years old. Readership continues to grow, both within the chemical industry and its investment community. It is now read in 121 countries, and 2735 cities, versus 89 countries and 1244 cities a year ago....
Chemicals could gain from energy savings need
"The most important 'fuel' of all, will be energy saved through fuel efficiency". That's ExxonMobil's (EM) latest view of the outlook for meeting world energy demand over the next 20 years. And as Nigel Davis highlights in ICIS insight, this...
Companies remain cautious on the outlook
The good news is that the stabilisation seen in Q2 has been maintained. But companies remain cautious on the outlook, to judge from Q3 reports. CEOs are sceptical about the impact of government stimulus efforts in the West, and fear...
ExxonMobil focuses on integration
ExxonMobil Chemicals was 6th in the ICIS list of Top 100 companies in 2002, during the last downturn. By last year, it had risen to 2nd place, according to the latest ICIS list. One of the secrets of its success...
No sign of any upturn
This week's company results have been keenly awaited, as the industry seeks to form a view on what happens next to demand and profits. My new IeC colleague Paul Satchell reviews them, from the point of view of a highly-experienced...
ExxonMobil says older plants need to shut
Restructuring will become an important issue for the chemical industry, according to John Verity, ExxonMobil's polyolefins head. Speaking to ICIS news, he was downbeat about short-term prospects, noting that whilst some restocking is currently underway, "we are not likely to...
ExxonMobil weathers the storm
One can still rely on ExxonMobil to deliver positive results, even whilst the world is collapsing around them. Friday's report showed Q4 chemical volumes down 20%, as a result of hurricane effects and destocking. But although earnings tumbled from $1.1bn...
ExxonMobil regains top place
After 5 months, ExxonMobil is once again the world’s largest company by market capitalisation. PetroChina had overtaken it last November, but has since lost half its value in China’s stock market decline. Today, PC is worth $453bn, versus EM’s $455bn....
The 10th anniversary of the Asian financial crisis
2 July 2007 marks the 10th anniversary of the Asian financial crisis, which began with the devaluation of the Thai baht. Visiting the country 10 years later, the situation has changed quite dramatically from those panic-stricken days....
Feed Subscription
If you use an RSS reader, you can subscribe to a feed of all future entries tagged 'ExxonMobil'. [What is this?]
