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Exclusive: Exxon Mobil breaks with past, bulks up energy trading to boost profit

Reuters  |  HOUSTON/LONDON 

By Liz Hampton, Ernest Scheyder and Dmitry ZhdannikovHOUSTON/LONDON (Reuters) - Exxon Mobil Corp is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business. The development is a sea change for a company that has stood out from rivals by limiting its past activity out of concern it would be accused of market manipulation. Exxon now aims to trade around more of its growing energy assets to get the best prices for its products and increase ...

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First Published: Tue, June 12 2018. 20:16 IST
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