Insight
Europe downstream oil in brief: Exxon's Italian balancing act
Report summary
Algeria's state-owned oil company Sonatrach has agreed to buy the Augusta refinery in Italy from Esso Italiana, a subsidiary of ExxonMobil. The move helps support Exxon's wider strategy to transition to a more capital efficient model. For Sonatrach, the deal will enable the firm to process domestic Algerian crude to help alleviate the country's oil product deficit. Our North West Europe Brent and Med Urals FCC gross refining margins strengthened in April but remain at the bottom of the seasonal range. Fuels marketing margins continued to be squeezed as crude prices rise.
Table of contents
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Downstream M&A activity
- Exxon's Italian balancing act represents a wider company drive to a more capital efficient model
- A more balanced outlook
- The bigger picture
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Margins
- Refining margins
- Fuels marketingmargins
Tables and charts
This report includes 13 images and tables including:
- ExxonMobil Europe and Italy* retail network
- ExxonMobil branded retail network
- ExxonMobil company-owned retail network
- MED gasoline/gasoil crack spreads
- MED refining margins
- NWE gasoline/gasoil crack spreads
- NWE refining margins
- Month average gross margins - April 2018
- United Kingdom gross marketing margins
- France gross marketing margins
- Germany gross marketing margins
- Spain gross marketing margins
- Recent fuels marketing transactions
What's included
This report contains:
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